CSW INDUSTRIALS, INC. (CSW) FY2025 10-K Annual Report

Filed: May 22, 2025
Health Care
Adhesives & SealantsSEC EDGAR

CSW INDUSTRIALS, INC. (CSW) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on May 22, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

CSW INDUSTRIALS, INC. FY2025 10-K Analysis

Business Overview

  • Diversified industrial company providing niche, value-added products mainly in HVAC/R, plumbing, and building safety end markets
  • Acquired Aspen Manufacturing for $330.4M, adding high-quality evaporator coils and air handlers to Contractor Solutions segment
  • Renewed and increased revolving credit facility commitment to $700M for five years with JPMorgan Chase Bank
  • Announced June 2025 transfer of stock listing from Nasdaq to New York Stock Exchange under symbol “CSW”

Risk Factors

  • Legal/regulatory risk: Uncertain tax positions (UTPs) of $12.7M remain for TRUaire pre-acquisition tax periods, subject to ongoing tax examinations
  • Geopolitical/macro risk: Foreign currency translation loss increased by $1.9M in 2025, impacting international operations
  • Operational/supply chain risk: Installation services with up to 12-week lead times and 10% retainage expose build-to-order segment to project delays
  • Competitive/market risk: Build-to-order revenue concentration in Engineered Building Solutions at $106.6M vs book-and-ship $14.6M, risking disruption from evolving construction tech
  • Financial risk: Contingent consideration liability surged to $24.4M in 2025 from $7.4M in 2024, indicating acquisition-related cash flow uncertainty

CSW INDUSTRIALS, INC. FY2025 Key Financial Metrics
XBRL

Revenue

$878M

+10.8% YoY

Net Income

$137M

+34.4% YoY

Gross Margin

44.8%

+54bp YoY

Operating Margin

20.6%

+57bp YoY

Net Margin

15.6%

+274bp YoY

ROE

12.7%

-376bp YoY

Total Assets

$1.4B

+32.2% YoY

EPS (Diluted)

$8.38

+28.5% YoY

Operating Cash Flow

$168M

+2.5% YoY

Source: XBRL data from CSW INDUSTRIALS, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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