Csw Industrials, Inc. · NYSE:CSW
Csw Industrials — Q4 2026 Earnings Presentation
48 slides from Csw Industrials's earnings presentation, May 26, 2026
Slide 1: Investor Presentation Fourth Quarter Results
Fiscal 2026 Investor Presentation Fourth Quarter Results May 26, 2026
Slide 2: Forward Looking Statement and Non-GAAP Financial Information
Forward Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, the business, financial condition and results of operations of CSW Industrials, Inc. (“CSW” or the “Company”). A
Slide 3: Index
Index 4 Overview, Culture, Values, and Investment Thesis 18 Business Segment Overview 30 Fiscal 2026 Fourth Quarter Results 35 Fiscal 2026 Full Year Results 40 Appendix
Slide 4: CSW Industrials, Inc. Key Highlights
CSW Industrials, Inc. (NYSE: CSW) Key Highlights 2015 Publicly Listed Following Spin-Off1 ~$4.5B A diversified industrial growth company with a strategic focus on providing niche, Market Capitalization2 value-added products in the end markets we serve. ~$1.7B Three Segments (Segment percentages refl
Slide 5: Continuously Evolving Our Portfolio
Continuously Evolving Our Portfolio CSW Industrials has consistently evolved through strategic acquisitions and initiatives, resulting in a proven track record of sustained growth and margin expansion. 2015 Portfolio Other 1% FY26 portfolio1 Revenue by segment Revenue by segment Specialized Reliabil
Slide 6: Corporate Culture and Values
Corporate Culture and Values The Goal of Our Corporate Culture is to Maximize Performance CSW is committed to recruiting great talent, offering rewarding career destinations, and recognizing team members. Our employee-centric culture features an environment where every team member belongs, is encour
Slide 7: Corporate Culture and Values
Corporate Culture and Values Our Commitment to Our Core Values: We seek to create, nurture, and sustain an inclusive and diverse environment that attracts and retains the highest caliber team members, respects the intrinsic value of each individual, and leverages their skills and expertise to serve
Slide 8: Compelling Investment Thesis
Compelling Investment Thesis • Total revenue CAGR of 15.0% from FY16 through FY261 Growth exceeding end • Organic revenue CAGR of 8.3% from FY16 through FY261 markets served • Total adjusted EBITDA CAGR of 16.7% from FY16 through FY261 • 43.9% adjusted Gross Profit Margin annual average FY16 – FY261
Slide 9: Sustainable Growth in Shareholder Value
Sustainable Growth in Shareholder Value Our demonstrated track record of growth and enhancing long-term shareholder value. Since Inception Maintain Our Strong Balance Sheet • 872% market cap growth1 • 306% Revenue growth2 Allocate Capital Efficiently • 367% adjusted EBITDA growth3 Invest in Organic
Slide 10: Strong Long-Term Free Cash Flow and Adjusted EPS Growth
Strong Long-Term Free Cash Flow and Adjusted EPS Growth Free Cash Flow1/ Share and Adjusted EPS2 (FY21 - FY26) There were 15.5M shares outstanding Legend FCF / Share FY21 - FY26 CAGR: 15.8% at year-end FY24 and 16.3M shares ■ Free Cash Flow1/Share outstanding at year-end FY26 due to ■ Adjusted EPS2
Slide 11: Stated Capital Allocation Principles
Stated Capital Allocation Principles CSW Industrials is committed to maintaining a strong balance sheet with ample liquidity through both cash and available credit to capitalize on growth opportunities, both organically and inorganically. Capital Allocation Policy issued in November 2018 and reaffir
Slide 12: Allocating Capital Efficiently
Allocating Capital Efficiently FY26 Capital Allocation1 Capital allocation decisions are prioritized on a risk-adjusted returns basis, ($ in millions) with the ultimate goal of driving long-term shareholder value. $1.2B Capital Expenditures $17.3M Organic Growth Inorganic Growth • Invest in enhancin
Slide 13: Strategic, Disciplined Approach to M&A
Strategic, Disciplined Approach to M&A As a diversified industrial growth company, our goal is to increase free cash flow through sustainable organic growth, accretive inorganic growth, and operational efficiencies. CSW Industrials Criteria: • Long-term growth well in excess of GDP • Strong margin c
Slide 14: Long Standing Track Record of Successful Acquisitions
Long Standing Track Record of Successful Acquisitions We have a successful record of making attractive and synergistic acquisitions that support expansion of our broad portfolio of solutions. Acquisition Metrics Key Highlights • Identify and execute accretive acquisitions that will broaden and compl
Slide 15: Our Distribution Channels Accelerate Growth
Our Distribution Channels Accelerate Growth We have focused Without CSW: Limited Distribution With CSW: Broad Distribution on expanding our distribution network in recent years, enhancing revenue growth from new product introductions and acquisitions. Newly designed products, while innovative & help
Slide 16: Our Guiding Objectives
Our Guiding Objectives At CSW, how we succeed matters, and accordingly we will: Position CSW for Treat Our Team Serve Our Manage Our Supply Sustainable, Long-Term Members Well Customers Well Chains Effectively Growth and Profitability • Focus on Safety: • Emphasize consistent • Continuous improvemen
Slide 17: Fiscal 2027 Outlook
Fiscal 2027 Outlook Revenue, Adj. • Expect to deliver full-year growth in revenue, adjusted EBITDA, adjusted EPS, and cash flows EBITDA, Adj. EPS, • Expectations reflect current view of market conditions and are subject to the forward-looking and Cash Flows risks and assumptions discussed in our mat
Slide 18: Business Segment Overview
Business Segment Overview
Slide 19: Segments Summary
Segments Summary Contractor Solutions Specialized Reliability Solutions Engineered Building Solutions • $810.3M FY26 Revenue, • $160.1M FY26 Revenue, • $119.9M FY26 Revenue, $248.8M adjusted EBITDA, and $29.7M adjusted EBITDA, and $18.4M EBITDA, and 30.7% adjusted EBITDA margin 18.5% adjusted EBITDA
Slide 20: Contractor Solutions Segment: Markets & Brands
Contractor Solutions Segment: Markets & Brands Summary: End Markets Served: • Highly diversified product portfolio providing • Future growth focus on new product industry leading products in both direct-to- introductions through organic innovation and customer and distributor models inorganic additi
Slide 21: Contractor Solutions: Products
Contractor Solutions: Products Motors & Capacitors Air Handlers and Evaporator Coils Surge Protective Devices Plumbing Products Indoor Air Quality (IAQ) Products (Retail & Distribution Channels) Grilles, Registers, and Diffusers (GRD) Condensate overflow switches Pipe Thread Sealant and clean out de
Slide 22: HVAC/R: Ducted Products
HVAC/R: Ducted Products Outdoor TRUaire / Shoemaker Grilles, Registers & Diffusers Indoor Dust Free SST2 System Service Transition Dust Free Active Gold Air Purifier Aspen Manufacturing RSH-Series Disconnect Switch Coils & Air Handlers Outset Seal & Jacket Adjustable Lineset Wall Seal and Jacket AmR
Slide 23: HVAC/R: Ductless (Mini-Split) Products
HVAC/R: Ductless (Mini-Split) Products Outdoor Indoor CoverGuard / Fortress / SlimDuct Lineset Covers PairCoil Ghost Pre-Insulated, Safe-T-Switch SS610E Condensate Pumps Designed Paired Lineset Condensate Overflow for Mini-Split Systems for Mini-Split Installation Cutoff Switch NoKink Flexible Refri
Slide 24: Plumbing: Water Heating Products
Plumbing: Water Heating Products Tanked Tankless TripleGuard Active All-In-One Shutoff Falcon Water Connectors Calci-Free Tankless Cleaner Falcon Gas Connectors Falcon Falcon Gas Connectors Thermal Expansion Tank TripleGuard Active All-In-One Shutoff pH-Pro Condensate Neutralizer Drain Pans All-In-O
Slide 25: Specialized Reliability Solutions Segment: Markets & Brands
Specialized Reliability Solutions Segment: Markets & Brands Summary: End Markets Served: • Our product portfolio allows us to compete and • Innovating new and existing products to capture enhanced margins relative to larger accelerate organic growth peers • Growth focus on new product introductions
Slide 26: Specialized Reliability Solutions: Products
Specialized Reliability Solutions: Products Investor Presentation 26 May 2026
Slide 27: Specialized Reliability Solutions: Shell Whitmore JV Products
Specialized Reliability Solutions: Shell Whitmore JV Products Investor Presentation 27 May 2026
Slide 28: Engineered Building Solutions Segment: Markets & Brands
Engineered Building Solutions Segment: Markets & Brands Summary: End Markets Served: • Market leader in providing unique solutions to • Multiple manufacturing locations provide architects and contractors that meet code efficiency to meet the needs of general requirements, while adding functionality,
Slide 29: Engineered Building Solutions: Products
Engineered Building Solutions: Products Investor Presentation 29 May 2026
Slide 30: Fiscal 2026 Fourth Quarter Summary of Financial Results
Fiscal 2026 Fourth Quarter Summary of Financial Results
Slide 31: Consolidated Results: 4Q26 Summary
Consolidated Results: 4Q26 Summary Consolidated Financial Highlights (4Q26 vs 4Q25): Summary Quarterly Consolidated Results ($ in millions) • Record quarterly revenue of $309.0M, a 34% increase ◦ $72.0M increase in inorganic revenue from recent acquisitions in Contractor Solutions and Specialized Re
Slide 32: Contractor Solutions: 4Q26 Segment Summary
Contractor Solutions: 4Q26 Segment Summary Summary Quarterly Segment Results Segment Financials (4Q26 vs 4Q25): ($ in millions) • Segment Revenue of $237M, a 43% increase ◦ Inorganic revenue of $67M, due to recent acquisitions 33.5% 33.7% $237.1 Margin Margin 31.7% ◦ Organic revenue increase of $4.3
Slide 33: Specialized Reliability Solutions: 4Q26 Segment Summary
Specialized Reliability Solutions: 4Q26 Segment Summary Summary Quarterly Segment Results Segment Financials (4Q26 vs 4Q25): ($ in millions) • Segment Revenue of $46M, a 22.4% increase ◦ Inorganic revenue growth of 13.7% driven by Hydrotex and ProAction Fluids acquisitions $46.2 21.8% ◦ Organic reve
Slide 34: Engineered Building Solutions: 4Q26 Segment Summary
Engineered Building Solutions: 4Q26 Segment Summary Summary Quarterly Segment Financials (4Q26 vs 4Q25): Segment Results ($ in millions) • Segment Revenue of $27.6M, a 4% decrease ◦ Decrease primarily due to the softness in the market • Segment adjusted EBITDA increased 17%, and adjusted $30.1 20.5%
Slide 35: Fiscal Full Year 2026 Summary of Financial Results
Fiscal Full Year 2026 Summary of Financial Results
Slide 36: Consolidated Results: Fiscal Year 2026 Summary
Consolidated Results: Fiscal Year 2026 Summary Consolidated Financial Highlights (FY26 vs FY25): Summary FY26 • Record annual Revenue of $1,083M, a 23% increase Consolidated Results1 ($ in millions) ◦ Inorganic revenue of $223M from the recent acquisitions ◦ $18.4M organic decrease due primarily to
Slide 37: Contractor Solutions: Fiscal Year 2026 Segment Summary
Contractor Solutions: Fiscal Year 2026 Segment Summary Summary FY26 Segment Results Segment Financials (FY26 vs FY25): ($ in millions) • Segment Revenue increased 31% to $810M, primarily driven by: 33.3% $810.3 32.4% 30.7% ◦ Inorganic growth of $215M from recent acquisitions Margin $617.3 Margin Mar
Slide 38: Specialized Reliability Solutions: Fiscal Year 2026 Segment Summary
Specialized Reliability Solutions: Fiscal Year 2026 Segment Summary Summary FY26 Segment Financials (FY26 vs FY25): Segment Results ($ in millions) • Segment Revenue increased 8.4%, to $160M, primarily driven by: ◦ Inorganic revenue growth of 5.1% driven by recent acquisitions in the third fiscal qu
Slide 39: Engineered Building Solutions: Fiscal Year 2026 Segment Summary
Engineered Building Solutions: Fiscal Year 2026 Segment Summary Summary FY26 Segment Financials (FY26 vs FY25): Segment Results ($ in millions) • Segment Revenue decreased 1.0% to $120M • Segment adjusted EBITDA decreased 12% to $18.4M $114.7 17.9% $121.1 17.4% $119.9 ◦ Segment adjusted EBITDA margi
Slide 40: Appendix
Appendix
Slide 41: CSW Executive Team
CSW Executive Team Veteran leadership with broad industry experience, dedicated to enhancing shareholder value. Joseph B. Armes James E. Perry Jeff A. Underwood Luke E. Alverson Danielle R. Garde Donal J. Sullivan Chairman, CEO Executive VP and CFO Executive VP and GM, Senior VP, General Senior VP a
Slide 42: Reconciliation of Fiscal Fourth Quarter Segment Operating Income to Segment Adjusted EBITDA
Reconciliation of Fiscal Fourth Quarter Segment Operating Income to Segment Adjusted EBITDA (unaudited) (unaudited) (unaudited) (Amounts in thousands) Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 Three months ended March 31, 2024 CS SRS EBS Other CSW CS SRS EBS Other CSW CS SR
Slide 43: Reconciliation of Fiscal Year 2026 YTD Segment Operating Income to Segment Adjusted EBITDA
Reconciliation of Fiscal Year 2026 YTD Segment Operating Income to Segment Adjusted EBITDA (unaudited) (unaudited) (unaudited) (Amounts in thousands) Year Ended March 31, 2026 Year Ended March 31, 2025 Year ended March 31, 2024 CS SRS EBS Other CSW CS SRS EBS Other CSW CS SRS EBS Other CSW Revenue,
Slide 44: Reconciliation of Fiscal Year Company Net Income to Adjusted EBITDA
Reconciliation of Fiscal Year Company Net Income to Adjusted EBITDA Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended (Amounts in thousands) 3/31/2026 3/31/2025 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2015 Net Income attributable to CSW $ 112,045
Slide 45: Reconciliation of Fiscal Year Company Gross Profit to Adjusted Gross Profit
Reconciliation of Fiscal Year Company Gross Profit to Adjusted Gross Profit Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended (Amounts in thousands) 3/31/2026 3/31/2025 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019 Revenue, net $1,082,549 $ 878,301
Slide 46: Reconciliation of Fiscal Year Company Operating Cash Flow to Free Cash Flow/Share
Reconciliation of Fiscal Year Company Operating Cash Flow to Free Cash Flow/ Share Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended (Amounts in thousands) 3/31/2026 3/31/2025 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 Net Cash Provided by Operating Activities $ 149
Slide 47: Reconciliation of Fiscal Year Company EPS to Adjusted EPS
Reconciliation of Fiscal Year Company EPS to Adjusted EPS1 Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended (Amounts in thousands) 3/31/2026 3/31/2025 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 Net Income attributable to CSW $ 112,045 $ 136,652 $ 101,648 $ 96,435 $
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