CSWHIGH SIGNALFINANCIAL10-K

CSW demonstrates exceptionally strong financial performance with a massive 919% increase in cash position to $225.8M, 34% debt reduction, and 34% net income growth.

This represents a dramatic strengthening of CSW's financial position, with the company generating substantial cash while simultaneously paying down debt and growing profitability. The company is also making strategic moves including transferring to NYSE and securing a larger $700M credit facility, positioning itself for potential growth initiatives or acquisitions.

Comparing 2025-05-22 vs 2024-05-23View on EDGAR →
FINANCIAL ANALYSIS

CSW experienced remarkable financial improvement across all key metrics, with cash exploding from $22.2M to $225.8M while total debt declined 34% to $166M, creating a much stronger balance sheet. Revenue growth drove net income up 34% to $136.7M, and the company increased shareholder returns through 81% higher buybacks and 23% higher dividends. The overall picture signals a company generating exceptional cash flow, deleveraging successfully, and positioned for strategic growth while rewarding shareholders.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+919.3%
$22.2M$225.8M

Cash position surged 919.3% — strong cash generation or capital raise providing significant financial cushion.

Share Buybacks
Cash Flow
+81.4%
$15.3M$27.7M

Share repurchases increased 81.4% — management returning capital, signals confidence in intrinsic value.

Current Assets
Balance Sheet
+78.9%
$331.4M$592.9M

Current assets grew 78.9% — improving short-term liquidity or inventory/receivables build.

Net Income
P&L
+34.4%
$101.6M$136.7M

Net income grew 34.4% — bottom-line growth signals improving overall business health.

Total Debt
Balance Sheet
-34.4%
$253.0M$166.0M

Debt reduced 34.4% — deleveraging strengthens balance sheet and reduces financial risk.

Total Assets
Balance Sheet
+32.2%
$1.0B$1.4B

Asset base grew 32.2% — expansion through organic growth, acquisitions, or capital deployment.

Total Liabilities
Balance Sheet
-29.8%
$408.2M$286.6M

Liabilities reduced 29.8% — deleveraging improves balance sheet strength and financial flexibility.

Inventory
Balance Sheet
+29.3%
$150.7M$194.9M

Inventory built 29.3% — monitor whether demand supports this build or if write-downs may follow.

Current Liabilities
Balance Sheet
+27.1%
$115.8M$147.2M

Current liabilities rose 27.1% — increased short-term obligations, watch current ratio.

Dividends Paid
Cash Flow
+22.5%
$11.9M$14.6M

Dividend payments increased 22.5% — management confidence in sustained cash generation.

LANGUAGE CHANGES
NEW — 2025-05-22
PRIOR — 2024-05-23
ADDED
As of May 19, 2025, the latest practicable date, 16,807,675 shares of the registrant s common stock, par value $0.01 per share, were issued and outstanding.
End markets that we serve include HVAC/R, architecturally-specified building products, plumbing, general industrial, energy, rail transportation, mining and electrical.
On April 29, 2025, we announced our intention to transfer the listing of our common stock from the Nasdaq Global Select Market to the New York Stock Exchange, effective on or about June 9, 2025.
CSWI common stock will trade on the New York Stock Exchange under the stock symbol CSW .
Recent Developments On May 2, 2025, the Company entered into a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and other lenders party thereto.
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REMOVED
As of May 20, 2024, the latest practicable date, 15,527,723 shares of the registrant s common stock, par value $0.01 per share, were issued and outstanding .
End markets that we serve include HVAC/R, architecturally-specified building products, plumbing, general industrial, energy, rail transportation and mining.
Business Segments Our business is organized into three reportable segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.
HVAC/R contractors ask for our products by name, and professional plumbers have been using our industry-leading solutions for generations.
We manufacture the majority of our mechanical and chemical products in-house, and we also strategically engage third-party manufacturers for outsourced products and act as a master distributor for other products.
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