CSW Industrials, Inc. (NASDAQ:CSWI) Q2 2023 Results Conference Call November 3, 2022 10:00 AM ET

Company Participants

Adrianne Griffin - Vice President, Investor Relations & Treasurer

Joseph Armes - Chairman, Chief Executive Officer & President

James Perry - Executive Vice President and Chief Financial Officer

Conference Call Participants

Julio Romero - Sidoti

Jon Tanwanteng - CJS Securities

Operator

Good morning, and welcome to the CSW Industrials Inc. Fiscal Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Adrianne Griffin. Please go ahead.

Adrianne Griffin

Thank you, Maura. Good morning, everyone, and welcome to the CSW Industrials fiscal 2023 second quarter earnings call.

Joining me today are: 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-Q prior to the market's opening today, which are available on the Investor portion of our website 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 Armes.

Joseph Armes

Thank you, Adrianne. Good morning, and thank you for joining our fiscal second quarter conference call. Our record fiscal second quarter and record fiscal first half results demonstrate our successful efforts to drive top line growth, expand margins and increase earnings per share. Comparing our fiscal second quarter year-over-year performance, we reported 23% revenue growth, 29% EBITDA growth and 37% growth in EPS.

These metrics clearly demonstrate our ability to generate leverage on incremental sales as gross margin growth outpaced revenue growth, operating income growth outpaced gross margin growth, and this trend continued through the income statement to EPS. Against the backdrop of macroeconomic uncertainty, our team continues to perform exceptionally well, combining operational excellence, disciplined capital allocation and a keen focus on customer service.