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DALLAS - CSW Industrials, Inc. (NASDAQ:CSWI), announced today that its Board of Directors has declared a quarterly cash dividend increase of $0.03 per share, which is an approximate 12.5% hike from the previous quarter’s dividend. The increased dividend of $0.27 per share is scheduled to be paid on May 9, 2025, to shareholders of record as of April 25, 2025.
This marks the sixth consecutive increase in the quarterly dividend by the diversified industrial company, which is seen as a reflection of its robust financial health. Joseph B. Armes, Chairman, President, and CEO of CSW Industrials, highlighted the company’s strong balance sheet, cash flows, and profitability as the basis for the dividend increase.
Since October 2017, CSW Industrials has returned $222.4 million to shareholders through dividends and share repurchases. Armes credited both organic growth and strategic acquisitions for the company’s impressive performance.
CSW Industrials operates across three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. The company, currently valued at $4.73 billion, is known for providing performance and reliability-focused niche products to various essential industries such as HVAC/R, plumbing, electrical, and construction, among others. While trading at a relatively high P/E ratio of 38.39, InvestingPro analysis suggests the stock is currently trading above its Fair Value.
The information provided in this article is based on a press release statement from CSW Industrials, Inc.
In other recent news, CSW Industrials Inc. reported its third-quarter fiscal year 2025 earnings, which exceeded Wall Street expectations. The company achieved an adjusted earnings per share (EPS) of $1.48, surpassing the forecasted $1.43, and reported revenue of $194 million, exceeding the anticipated $191.87 million. CSWI's revenue increased by 11% year-over-year, driven by strong performance in its Contractor Solutions segment. Additionally, CSWI announced a definitive agreement to acquire Aspen Manufacturing for approximately $313.5 million in cash, aiming to expand its presence in the HVAC/R sector. This acquisition is expected to enhance CSWI's earnings per share (EPS) and EBITDA immediately. Truist Securities initiated coverage on CSW Industrials with a Hold rating and set a price target of $362.00, highlighting the company's consistent above-average organic growth. The acquisition of Aspen Manufacturing aligns with CSWI's strategy to leverage existing distribution channels and increase its market share. The company plans to fund the acquisition through a combination of cash and debt under its existing credit facility.
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