CSW Industrials, Inc. (NASDAQ:CSWI) Q4 2023 Results Earnings Conference Call May 25, 2023 10:00 AM ET

Company Participants

Alexa Huerta - Vice President of Investor Relations and Treasurer

Joseph Armes - Chairman of the Board, Chief Executive Officer and President

James Perry - Executive Vice President and Chief Financial Officer

Conference Call Participants

Jon Tanwanteng - CJS Securities

Operator

Greetings, and welcome to CSW Industrials Fourth Quarter and Full-Year Fiscal 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

At this time, I'd like to turn the conference over to your host, Alexa Huerta. Thank you. You may begin.

Alexa Huerta

Thank you, Rob. Good morning, everyone, and welcome to the CSW Industrials fiscal 2023 fourth quarter earnings call. Joining me today is Joseph Armes, Chairman, Chief Executive Officer and President of CSW Industrials, and James Perry, Executive Vice President and Chief Financial Officer

We issued our earnings release, presentation and Form 10-K prior to the markets opening today, which are available on the Investor portion of our Web site at www.cswindustrials.com. This call is being webcast and information on accessing the replay is included in the earnings release.

During this call, we will make forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. Actual results could materially differ because of factors discussed today in our earnings release and the comments made during this call as well as the risk factors identified in our annual report on Form 10-K and other filings with the SEC. We do not undertake any duty to update any forward-looking statements.

I will now turn the call over to Joe.

Joseph Armes

Thank you, Alexa. Good morning. And thank you for joining our fiscal fourth quarter conference call. I'm pleased to report that, in fiscal 2023, we continued our successful track record of delivering exceptional performance. Our commitment to treat our employees well, to serve our customers well and to manage our supply chains effectively drove exactly the kind of growth in revenues and profitability that we had hoped for.

Fiscal 2023 represented another record year of revenue, EBITDA and earnings per share. Today, we reported record revenue of $758 million, 21% growth over the prior year. Organic growth represented 15.3% of the total growth, with the balance coming from our recent acquisitions, all of which are reported on our Contractor Solutions segment.