CSW Industrials, Inc. reported strong top-line growth for fiscal 2026, though earnings declined as the company continued investing in acquisitions and expansion initiatives.
According to the company’s latest 10-K filing, fiscal 2026 revenue rose 23.3% year over year to $1.08 billion, compared with $878.3 million in the prior year. However, net income fell 17.9% to $112.85 million, while diluted earnings per share declined 20% to $6.70 from $8.38 a year earlier.
Financial Highlights
| Metric | Fiscal 2026 | Prior Year | YoY Change |
|---|---|---|---|
| Revenue | $1.08B | $878.3M | +23.3% |
| Net Income | $112.85M | $137.48M | -17.9% |
| Diluted EPS | $6.70 | $8.38 | -20% |
The company said acquisitions were the primary driver of revenue growth, contributing roughly 25.3% of the annual increase.
CSW continued to strengthen its position in the HVAC/R, plumbing, and specialty maintenance markets through its Contractor Solutions segment, which accounted for approximately 59% of total revenue during the year.
Management also highlighted the resilience of its recurring maintenance, repair, and operations (MRO) business, supported by a portfolio of more than 100 legacy brands and expanding offerings in specialty lubricants and HVAC parts.
During fiscal 2026, the company completed multiple acquisitions, including MARS Parts, Aspen, Hydrotex, ProAction, and Duckt-Strip, while also restructuring parts of its distribution strategy to improve integration and operational efficiency.
Looking ahead, management said it expects continued revenue and profit growth in fiscal 2027, supported by product expansion, pricing initiatives, market-share gains, and acquisition synergies.
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