CSW Industrials Expands Its Share Repurchase Program
DALLAS – CSW Industrials, Inc. (NYSE: CSW) has made a significant enhancement to its share repurchase program, raising the authorization limit to $250 million. This increase represents a growth from the previous authorization of $200 million.
Since initiating the share repurchase program in 2017, CSW has successfully repurchased around 2.3 million shares, totaling approximately $251.6 million, at an average share price of $107.53. This robust strategy underscores the company’s commitment to returning value to its shareholders.
Recent Repurchases and Current Outstanding Shares
As part of the present share repurchase scheme that began in November 2024, CSW Industrials has repurchased shares amounting to around $98.7 million, with an average cost of $253.56 per share. Remarkably, about $68.9 million of this total has been repurchased since October 1, showcasing proactive measures in leveraging market opportunities.
Currently, CSW boasts outstanding shares totaling approximately 16.5 million, reflecting a well-structured capital allocation strategy in place.
Leadership Insight on the Expansion
Joseph B. Armes, the Chairman, CEO, and President of CSW Industrials, expressed his enthusiasm regarding the expanded repurchase authorization. He highlighted that this decision not only reflects the Board’s unwavering confidence in the company’s resilient business model but also showcases its future growth potential and strong cash flow generation capabilities. He noted the strategic investment of roughly $1 billion in acquisition capital over the past twelve months as a solid foundation for growth.
Armes further explained that since the company's spin-off in 2015, CSW has returned over $320 million to its shareholders through share repurchases and dividends. This gesture significantly reinforces their dedication to creating long-term shareholder value through a thoughtful capital allocation approach.
Operational Flexibility of the Share Repurchase Program
The share repurchase program allows CSW to acquire shares on a daily basis or during particular opportunities in the open market, along with privately negotiated transactions. The company's discretion ensures that buybacks are strategically timed based on capital allocation priorities, the prevailing market price of common stock, and overall market conditions.
The current program continues until December 31, 2026, although CSW reserves the right to extend, limit, or terminate the program without prior notice, depending on future conditions and strategic decisions.
About CSW Industrials
CSW Industrials stands out as a diversified industrial growth entity with leading operations spanning three distinct segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. The company excels in providing niche, high-value products characterized by reliability and exceptional performance.
The primary markets served by CSW include HVAC/R, plumbing, electrical sectors, general industrial applications, architecturally-specified products, energy, mining, and rail transportation. These vast applications emphasize the company’s versatility in meeting diverse industrial needs, highlighting its status in the marketplace.
For further details about the company and its offerings, visit www.cswindustrials.com.
Investor Relations
For inquiries, please contact:
Alexa Huerta
Vice President Investor Relations, & Treasurer
214-489-7113
alexa.huerta@cswindustrials.com
Frequently Asked Questions
What is the new share repurchase authorization value?
The new share repurchase authorization value has been increased to $250 million.
When was CSW's original repurchase program started?
CSW's original share repurchase program began in 2017.
How many shares has CSW repurchased to date?
To date, CSW has repurchased approximately 2.3 million shares.
What is the average price per share for recent repurchases?
The average price per share for recent repurchases is $253.56.
How much has CSW returned to shareholders since 2015?
Since 2015, CSW has returned over $320 million to shareholders through repurchases and dividends.
