CSW Posts Record Q2 Revenue of $350.7 Million, Up 33% Year on Year

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Summary · why it matters

CSW reported record second-quarter revenue of $350.7 million, up 33% year on year and 2.4% above analysts' consensus estimates, as the HVAC and water systems group as a whole beat revenue expectations by 4.7%. The company's Contractor Solutions Segment delivered organic revenue growth of 6%, while acquisitions also contributed to the top line. Earnings per diluted share rose 25% to $3.04 from $2.43, and adjusted EPS hit a record $3.84, up 35% from $2.85. Net income attributable to CSW rose 22% to $50 million from $41 million, adjusted EBITDA climbed 48% to a record $102 million, and cash flows from operations reached a record $76 million, up 25%. Among the nine HVAC and water systems stocks tracked, AAON posted the strongest quarter with revenue of $627 million, up 101% year on year and 24.6% above estimates, while Lennox reported the weakest performance, with revenue of $1.55 billion, up 3% but 1% short of expectations, and full-year EPS guidance missing significantly. Despite the strong results across the group, share prices have fallen an average of 11.1% since the latest earnings reports, with CSW up 8% since reporting and trading at $294.55.

Impact on assets 6

Climate Adaptation & Water± Mixed
Lennox International Inc
LII
▼ NegativeCapitalrelevance

Lennox reported the weakest performance, with revenue up 3% but 1% short of expectations and full-year EPS guidance missing significantly.

AAON Inc
AAON
▲ PositiveCapitalrelevance

AAON posted the strongest quarter with revenue of $627 million, up 101% year on year and 24.6% above estimates.

Industrials▲
CSW Industrials, Inc.
CSW
▲ PositiveCapitalrelevance

CSW reported record Q2 revenue of $350.7 million, up 33% year on year and 2.4% above consensus, with record adjusted EPS and EBITDA.

Energy Transition & Power Demand▲
Smart City / Autonomous Infrastructure▲