Record-Breaking Revenue and Cash Flow
CSWI reported an all-time high quarterly revenue of $228 million and cash flow from operations of $67 million, representing a 12% increase in revenue and 49.5% growth in cash flow over the prior year.
Successful Equity Offering
CSWI issued equity to the public for the first time, raising $347 million through a follow-on equity offering, further strengthening their balance sheet.
Debt-Free Status Achieved
The company paid down all outstanding borrowings under its revolving line of credit, ending the quarter with no debt and a strong cash position.
Strong Segment Performance
All three business segments delivered impressive growth, with Contractor Solutions revenue growth of 13.5%, Specialized Reliability Solutions revenue increase of 5%, and Engineered Building Solutions revenue rise of 12%.
Improved Profit Margins
Gross profit margin expanded by 90 basis points to 45.6% and EBITDA margin improved by 70 basis points to 26.7% compared to the previous year.
Inclusion in S&P 600 Small Cap Index
CSWI was added to the S&P 600 Small Cap Index, indicating strong long-term growth and overall strength as a company.