CSW Industrials to shift stock listing to NYSE in June

DALLAS - CSW Industrials, Inc. (NASDAQ:CSWI), a diversified industrial growth company with a market capitalization of $5.2 billion, has announced its decision to transfer its common stock listing from the Nasdaq Stock Market LLC to the New York Stock Exchange (NYSE). The transition is set to take place on Monday, June 9, 2025, with the company adopting the new ticker symbol "CSW". According to InvestingPro data, the company has demonstrated strong financial health with a 10.4% revenue growth over the last twelve months.

The company’s Chairman, Chief Executive Officer, and President, Joseph B. Armes, expressed enthusiasm about the upcoming change, noting the significance of the move coinciding with the company’s ten-year anniversary as an independent public entity. Armes anticipates that the shift to the NYSE will offer increased liquidity and greater visibility for the company’s stockholders, which includes employees participating in the company’s stock ownership plan. InvestingPro analysis indicates the company maintains robust financial strength, with more cash than debt on its balance sheet and a healthy current ratio of 4.18.

Chris Taylor, NYSE Chief Development Officer, welcomed CSW Industrials, highlighting the company’s importance in Dallas and the industrial solutions sector. The NYSE expects CSW Industrials to be a valuable addition to its community of listed companies.

CSW Industrials specializes in providing niche, value-added products across three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. The company’s products, known for their performance and reliability, cater to a variety of end markets including HVAC/R, plumbing, electrical, general industrial, and more. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value. Subscribers can access 12 additional ProTips and a comprehensive Pro Research Report for deeper insights into the company’s valuation and growth prospects.

The company’s securities will continue to trade on the Nasdaq until the market closes on Friday, June 6, 2025. This strategic move is part of CSW Industrials’ broader efforts to enhance shareholder value and market presence.

The information in this article is based on a press release statement from CSW Industrials, Inc. The forward-looking statements within the press release are subject to various risks and uncertainties and are not guarantees of future performance. These statements are based on current expectations and assumptions and may change as a result of many possible events or factors, not all of which are known to CSW Industrials or are within its control.

In other recent news, CSW Industrials reported strong financial results for the third quarter of fiscal year 2025, with earnings surpassing expectations. The company achieved an adjusted earnings per share of $1.48, exceeding the forecasted $1.43, and reported revenue of $194 million, which also surpassed the anticipated $191.87 million. In a move to expand its product portfolio, CSW Industrials announced a definitive agreement to acquire Aspen Manufacturing for $313.5 million in cash. This acquisition is expected to be immediately beneficial to CSWI’s earnings per share and EBITDA, further solidifying its position in the HVAC/R market. Additionally, the company has raised its quarterly dividend by 12.5% to $0.27 per share, marking the sixth consecutive increase, reflecting its robust financial health. Truist Securities initiated coverage of CSW Industrials with a Hold rating, setting a price target of $362.00, indicating the firm’s view of the stock as fairly valued. These developments underscore CSW Industrials’ strategic growth through acquisitions and consistent financial performance.

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