CSW Industrials Inc. (CSWI) Financial Statements (2024 and earlier)

Company Profile

Business Address 5420 LYNDON B. JOHNSON FREEWAY
DALLAS, TX 75240
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 2891 - Adhesives and Sealants (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,98813,84614,78818,45514,72113,558
Cash and cash equivalents24,98813,84614,78818,45514,72113,558
Receivables104,522126,320127,075122,753103,213125,901
Inventory, net of allowances, customer advances and progress billings151,386151,203157,042161,569177,909171,879
Inventory151,386151,203157,042161,569177,909171,879
Prepaid expense   9,485  
Derivative instruments and hedges, assets   877  
Other current assets   1,073  
Other undisclosed current assets26,61227,27819,7758,84426,49414,947
Total current assets:307,508318,647318,680323,056322,337326,285
Noncurrent Assets
Property, plant and equipment89,34488,65589,39288,23585,81485,401
Intangible assets, net (including goodwill)548,145553,139556,517561,643565,720530,111
Goodwill243,498242,994243,162242,740243,452224,716
Intangible assets, net (excluding goodwill)304,647310,145313,355318,903322,268305,395
Other noncurrent assets48,13450,86568,51070,51973,80179,595
Total noncurrent assets:685,623692,659714,419720,397725,335695,107
TOTAL ASSETS:993,1311,011,3061,033,0991,043,4531,047,6721,021,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities111,127112,702106,445108,039108,815111,320
Accounts payable43,42147,11446,25240,65142,03150,261
Accrued liabilities67,70665,58860,19367,38866,78461,059
Debt     561561
Total current liabilities:111,127112,702106,445108,039109,376111,881
Noncurrent Liabilities
Long-term debt and lease obligation153,000173,000210,000253,000275,973268,934
Long-term debt, excluding current maturities153,000173,000210,000253,000275,973268,934
Liabilities, other than long-term debt120,813119,641137,651138,275146,151140,040
Liability, pension and other postretirement and postemployment benefits1,1271,1381,1481,1581,3071,097
Other liabilities119,686118,503136,503137,117144,844138,943
Total noncurrent liabilities:273,813292,641347,651391,275422,124408,974
Total liabilities:384,940405,343454,096499,314531,500520,855
Temporary equity, carrying amount19,11919,03618,90918,46417,40417,504
Equity
Equity, attributable to parent589,072586,927560,094525,675498,768483,033
Common stock164163163163163162
Treasury stock, value(91,016)(84,219)(83,072)(82,734)(82,729)(81,230)
Additional paid in capital134,247131,224128,451123,336120,860118,273
Accumulated other comprehensive loss(8,612)(8,285)(6,413)(8,409)(8,434)(10,134)
Retained earnings554,289548,044520,965493,319468,908455,962
Total equity:589,072586,927560,094525,675498,768483,033
TOTAL LIABILITIES AND EQUITY:993,1311,011,3061,033,0991,043,4531,047,6721,021,392

Income Statement (P&L) ($ in thousands)

3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
Revenues174,967203,653203,360304,768171,093191,192
Cost of revenue
(Cost of Goods and Services Sold)
(100,986)(112,694)(111,193)(168,245)(105,295)(110,545)
Gross profit:73,98190,95992,167136,52365,79880,647
Operating expenses(46,400)(48,966)(46,961)(63,971)(42,686)(45,330)
Operating income:27,58141,99345,20672,55223,11235,317
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(8,428)1,926314474(737)40
Income from continuing operations before equity method investments, income taxes:19,15343,91945,52073,02622,37535,357
Other undisclosed loss from continuing operations before income taxes(2,765)(3,306)(4,009)(9,046)(4,200)(3,106)
Income from continuing operations before income taxes:16,38840,61341,51163,98018,17532,251
Income tax expense(7,083)(10,431)(10,455)(14,745)(2,676)(7,936)
Income from continuing operations:9,30530,18231,05649,23515,49924,315
Income before gain (loss) on sale of properties:24,315
Net income:9,30530,18231,05649,23515,49924,315
Net income (loss) attributable to noncontrolling interest(83)(127)(445)84610016
Net income available to common stockholders, diluted:9,22230,05530,61150,08115,59924,331

Comprehensive Income ($ in thousands)

3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
Net income:9,30530,18231,05649,23515,49924,315
Other comprehensive income (loss)(327)(1,872)1,996(3,273)1,700(3,038)
Comprehensive income:8,97828,31033,05245,96217,19921,277
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(83)(127)(445)84610016
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:8,89528,18332,60746,80817,29921,293

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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