CSW Industrials, Inc. (NASDAQ:CSWI) Q4 2024 Results Conference Call May 23, 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 CSW Industrials Fiscal Fourth Quarter 2024 and Full Year 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 call is being recorded.

I would now 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 2024 fourth quarter and full-year 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-K 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 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, everyone. Once again, it's my pleasure to report to you that our team has executed and outperformed in the markets we serve. We achieved record results in both the fourth quarter and the full fiscal year, surpassing the healthy performance of the prior year. Earlier this morning, we reported record fourth quarter revenue, EBITDA and earnings per diluted share. We also delivered meaningful EBITDA margin expansion in the fiscal fourth quarter. CSWI has now delivered four consecutive quarters of record results and therefore also generated record full-year results in revenue of $793 million or 4.6% growth, and adjusted earnings per diluted share of $7.01 or 12.9% growth and an adjusted EBITDA of $200 million representing a robust 14.9% growth. For the full year, our adjusted EBITDA margin expanded by 220 basis points.