CSW INDUSTRIALS INC
For the period ended Dec 31, 2023. Filed Feb 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 1, 2024
CSW$288.10+6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Three Months EndedDecember 31, | Nine Months EndedDecember 31, 2023 | |||
|---|---|---|---|---|
| (Amounts in thousands, except per share amounts) | 2023 | 2022 | 2023 | 2022 |
| Revenues, net | $174,967 | $171,093 | $581,980 | $562,219 |
| Cost of revenues | (100,986) | (105,295) | (324,873) | (329,349) |
| Gross profit | 73,981 | 65,798 | 257,107 | 232,870 |
| Selling, general and administrative expenses | (46,400) | (42,686) | (142,327) | (133,568) |
| Operating income | 27,581 | 23,112 | 114,780 | 99,302 |
| Interest expense, net | (2,765) | (4,200) | (10,080) | (9,090) |
| Other expense, net | (8,428) | (737) | (6,188) | (529) |
| Income before income taxes | 16,388 | 18,175 | 98,512 | 89,683 |
| Provision for income taxes | (7,083) | (2,676) | (27,968) | (20,232) |
| Net income | 9,305 | 15,499 | 70,544 | 69,451 |
| Less: (Income) Loss attributable to redeemable noncontrolling interest | (83) | 100 | (655) | (79) |
| Net income attributable to CSW Industrials, Inc. | $9,222 | $15,599 | $69,889 | $69,372 |
| Net income per share attributable to CSW Industrials, Inc. | ||||
| Basic | $0.59 | $1.01 | $4.50 | $4.47 |
| Diluted | $0.59 | $1.01 | $4.49 | $4.46 |
| Weighted average number of shares outstanding: | ||||
| Basic | 15,546 | 15,476 | 15,537 | 15,520 |
| Diluted | 15,596 | 15,512 | 15,578 | 15,554 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months EndedDecember 31, | Nine Months EndedDecember 31, | |||
|---|---|---|---|---|
| (Amounts in thousands) | 2023 | 2022 | 2023 | 2022 |
| Net income | $9,305 | $15,499 | $70,544 | $69,451 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | 1,231 | 1,606 | (609) | (4,076) |
| Cash flow hedging activity, net of taxes of $414, $10, $(107) and $(152), respectively | (1,558) | (39) | 404 | 570 |
| Pension and other postretirement effects, net of taxes of $0, $(35), $(1) and $(39), respectively | — | 133 | 2 | 146 |
| Other comprehensive income (loss) | (327) | 1,700 | (203) | (3,360) |
| Comprehensive income | $8,978 | $17,199 | $70,341 | $66,091 |
| Less: Comprehensive (income) loss attributable to redeemable noncontrolling interest | (83) | 100 | (655) | (79) |
| Comprehensive income attributable to CSW Industrials, Inc. | $8,895 | $17,299 | $69,686 | $66,012 |
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