CSW Industrials, Inc. (NASDAQ:CSWI) Q3 2024 Earnings Conference Call February 1, 2024 10:00 AM ET
Company Participants
Alexa Huerta - VP, IR & Treasurer
Joseph Armes - Chairman, President & CEO
James Perry - EVP & CFO
Conference Call Participants
Jon Tanwanteng - CJS Securities
Julio Romero - Sidoti & Company
Operator
Greetings, and welcome to the CSW Industrials, Inc. Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host Alexa Huerta. Thank you, Ms. Huerta. You may begin.
Alexa Huerta
Thank you, Kat. Good morning, everyone, and welcome to the CSW Industrials Fiscal 2024 Third 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, updated Investor Relations presentation and Form 10-Q prior to the markets opening today, all of which are available on the Investors 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, in our 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, everyone. Impressively, our team continues to outperform the markets we serve despite challenging conditions and again, delivered record results in the third quarter and year-to-date against strong prior year results. The third quarter results demonstrate our continued ability to grow through the cycle and drive notable operating leverage in our bottom line results.
Earlier this morning, we announced record third quarter revenue of $175 million, record third quarter adjusted earnings per diluted share of $1.07, and record third quarter adjusted EBITDA of $37 million. EPS and EBITDA were both adjusted to exclude certain nonrecurring tax items related to past acquisitions, as we indicated they would be, on our last earnings call.