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Visual31 Oct 2025
Three decades of Rolls-Royce
CSW Industrials (CSWI) investor relations material
CSW Industrials Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary30 Oct, 2025
Executive summary
Achieved record quarterly and first-half results in revenue, adjusted EBITDA, net income, and adjusted EPS for Q2 FY2026, primarily driven by recent acquisitions despite organic revenue declines in the residential HVAC/R market.
Announced a definitive agreement to acquire Mars Parts for $650 million plus up to $20 million in contingent consideration, expected to close in November 2025, marking the largest acquisition to date.
Maintained a disciplined capital allocation strategy, focusing on growth through acquisitions, operational excellence, and shareholder returns.
Integrated major acquisitions (Aspen Manufacturing, PF WaterWorks, PSP Products) into the Contractor Solutions segment, driving inorganic growth.
Returned $32.1 million to shareholders year-to-date through $23.0 million in share repurchases and $9.1 million in dividends.
Financial highlights
Q2 FY2026 revenue reached $277 million, up 22% year-over-year, with $61.9 million in inorganic growth offsetting a 5.6% organic revenue decline; net income rose 12.8% to $40.7 million.
Adjusted EBITDA grew 20% to $72.9 million, with margin at 26.3%; adjusted net income was $50 million, and adjusted EPS rose 15.2% to $2.96.
Gross profit increased 15% to $119 million, but gross margin declined to 43.0% due to acquisition mix and higher material costs.
Free cash flow for Q2 was $58.7 million, up 30.2% year-over-year; operating cash flow for the first half was $122.5 million.
Year-to-date revenue for FY26 was $540.6 million, up 19% from the prior year.
Outlook and guidance
Management expects record full-year results in revenue, adjusted EBITDA, adjusted EPS, and operating cash flow, with continued focus on acquisition growth and pricing actions to manage tariff impacts.
No updated organic growth outlook for the remainder of the fiscal year due to HVAC/R market volatility; more guidance expected next quarter.
Mars Parts acquisition expected to close in November 2025, with anticipated synergies to drive EBITDA margin to a 30% run rate within a year.
Aspen Manufacturing revenue expected to grow mid-teens in fiscal 2026, normalizing in the second half as refrigerant transition ends.
Address organic growth headwinds in HVAC/R
Explain margin impact from acquisitions and tariffs
MARS acquisition: How will it drive future growth?
Mars Parts: Drivers beyond $10M synergies?
Organic growth: What signals market recovery?
Tariff mitigation: Sourcing shifts & pricing?
Contractor Solutions organic growth outlook
Mars Parts: path to 30% EBITDA margin?
China COGS exposure target for CS
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Next CSW Industrials earnings date
Q3 202629 Jan, 2026
Next CSW Industrials earnings date
Q3 202629 Jan, 2026
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Frequently asked questions
CSW Industrials Inc. is a diversified industrial growth company that provides niche products and solutions across three primary business segments: Contractor Solutions, Engineered Building Solutions, and Specialty Chemicals. Its product portfolio includes HVAC/R tools, coatings, sealants, adhesives, fire and smoke protection systems, and specialty lubricants. These products serve industries such as construction, energy, transportation, and manufacturing. The company is headquartered in Dallas, Texas, and its shares are listed on the NASDAQ Stock Exchange.
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