CSW on NYSE
CSW Industrials
American diversified industrial products company based in Dallas, founded in 20151
In its 2026 annual report the company says: “We operate in three business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions. Our manufacturing operations are concentrated in the United States, Vietnam and Canada, and we have distribution operations in the U.S., Australia, Canada and the United Kingdom. Our products are sold directly to end-users or through designated channels in over 100 countries around the world, primarily in the U.S., Canada, the U.K. and Australia.”7 Its shares trade on NYSE under the symbol CSW.1
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Last updated Oct 21, 2026.
Overview
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- TickerCSW on NYSE1
- Industryindustrial manufacturing1
- HeadquartersDallas1
- Websitecsw.com
- Incorporated inDE5
- Business address5420 Lyndon B. Johnson Freeway, Suite 500, Dallas, Tx 752405
- Filer categoryLarge accelerated filer5
- Legal formCorporation3
- LEI549300SYOEO3RVQ7FB833
- StatusActive3
- LEI statusIssued and current3
- Registered addressc/o UNIVERSAL REGISTERED AGENTS, INC., 300 CREEK VIEW ROAD SUITE 209, 19711 Newark, United States3
- Registered withDivision of Corporations, Department of State, 56346953
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CSW is a diversified industrial growth company with a strategic focus on providing niche, value-added products in the end markets we serve. We operate in three business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions. Our products include mechanical products for heating, ventilation, air conditioning and refrigeration ("HVAC/R"), plumbing products, grilles, registers and diffusers ("GRD"), building safety solutions and high-performance specialty lubricants and sealants. End markets that we serve include HVAC/R, architecturally-specified building products, plumbing, general industrial, energy, rail transportation, mining and electrical. Our manufacturing operations are concentrated in the United States (“U.S.”), Vietnam and Canada, and we have distribution operations in the U.S., Australia, Canada and the United Kingdom (“U.K.”). Our pro…7 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Book And Ship brought in 90% of the revenue CSW Industrials broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Book And Ship | $693.1M | $771.7M | $976.9M |
| Build To Order | $99.8M | $106.6M | $105.6M |
Business segments
Contractor Solutions brought in 59% of the revenue CSW Industrials broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2024 | 2025 | 2026 |
|---|---|---|---|
| Contractor Solutions | $528.6M | $609.7M | $802.7M |
| Specialized Building Solutions | $149.5M | $147.5M | $160.0M |
| Specialized Reliability Solutions | $149.5M | $147.5M | $160.0M |
| Engineered Building Solutions | $114.7M | $121.1M | $119.9M |
| Engineered Reliability Solutions | $114.7M | $121.1M | $119.9M |
Regions
United States brought in 89% of the revenue CSW Industrials broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $703.3M | $771.0M | $968.6M |
| Outside the United States | $89.6M | $107.3M | $113.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue58¢$628.9M
- Research and development1¢$5.8M
- Selling, general and admin25¢$269.5M
- Other costs3¢$33.6M
- Income tax3¢$32.7M
- Profit10¢$112.0M
Out of $1.1B in revenue.4
Where each dollar of operating cash went, fiscal 2026
- Dividends paid12¢$18.0M
- Share buybacks88¢$132.7M
Out of $149.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Revenues, net | $1.1B | $878.3M | $792.8M |
| Cost of revenues | -$628.9M | -$485.0M | -$442.1M |
| Gross profit | $453.7M | $393.3M | $350.7M |
| Selling, general and administrative expenses | -$269.5M | -$212.1M | -$190.1M |
| Impairment expense | -$15.6M | $0 | -$1.5M |
| Operating income | $168.5M | $181.2M | $159.1M |
| Interest expense, net | -$22.2M | -$269.0K | -$12.7M |
| Other expense, net | -$737.0K | -$862.0K | -$5.9M |
| Income before income taxes | $145.6M | $180.1M | $140.5M |
| Provision for income taxes | -$32.7M | -$42.6M | -$37.9M |
| Net income | $112.8M | $137.5M | $102.5M |
| Income attributable to redeemable noncontrolling interest | -$802.0K | -$832.0K | -$891.0K |
| Net income attributable to CSW | $112.0M | $136.7M | $101.6M |
| Basic (in USD per share) | $6.73 | $8.41 | $6.54 |
| Diluted (in USD per share) | $6.70 | $8.38 | $6.52 |
| Basic (in shares) | 16.7M shares | 16.2M shares | 15.5M shares |
| Diluted (in shares) | 16.7M shares | 16.3M shares | 15.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $33.8M | $225.8M | ||
| Accounts receivable, net | $210.3M | $155.7M | $142.7M | |
| Inventories, net | $309.7M | $194.9M | ||
| Prepaid expenses and other current assets | $26.6M | $16.5M | ||
| Assets held for sale | $8.7M | $0 | ||
| Total current assets | $589.1M | $592.9M | ||
| Property, plant and equipment, net | $107.5M | $93.4M | ||
| Goodwill | $632.6M | $264.1M | $247.2M | |
| Intangible assets, net | $900.1M | $357.9M | ||
| Other assets | $87.4M | $70.8M | ||
| Total assets | $2.3B | $1.4B | $1.0B | |
| Accounts payable | $76.9M | $54.8M | ||
| Accrued and other current liabilities | $116.1M | $92.4M | ||
| Current portion of long-term debt | $29.5M | $0 | ||
| Liabilities held for sale | $4.5M | $0 | ||
| Total current liabilities | $226.9M | $147.2M | ||
| Long-term debt | $839.8M | $0 | ||
| Retirement benefits payable | $1.0M | $1.1M | ||
| Other long-term liabilities | $179.5M | $138.3M | ||
| Total liabilities | $1.2B | $286.6M | ||
| Redeemable noncontrolling interest | $19.0M | $20.2M | ||
| Common shares, $0.01 par value Shares authorized 50,000 Shares issued 17,893 and 17,810, respectively | $178.0K | $177.0K | ||
| Preferred shares, $0.01 par value Shares authorized (10,000) and issued (0) | $0 | $0 | ||
| Additional paid-in capital | $520.1M | $501.3M | ||
| Treasury shares, at cost (1,544 and 1,027 shares, respectively) | -$257.7M | -$122.1M | ||
| Retained earnings | $799.0M | $705.0M | ||
| Accumulated other comprehensive loss | -$11.1M | -$12.1M | ||
| Total equity | $1.1B | $1.1B | $615.7M | $525.7M |
| Total liabilities and equity | $2.3B | $1.4B | ||
| Common shares, par value (in USD per share) | $0.01 | $0.01 | ||
| Common shares, authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Common shares, issued (in shares) | 17.9M shares | 17.8M shares | ||
| Preferred shares, par value (in USD per share) | $0.01 | $0.01 | ||
| Preferred shares, authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred shares, issued (in shares) | 0 shares | 0 shares | ||
| Treasury shares (in shares) | 1.5M shares | 1.0M shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $33.8M | $225.8M | ||
| Accounts receivable, net | $210.3M | $155.7M | $142.7M | |
| Inventories, net | $309.7M | $194.9M | ||
| Prepaid expenses and other current assets | $26.6M | $16.5M | ||
| Assets held for sale | $8.7M | $0 | ||
| Total current assets | $589.1M | $592.9M | ||
| Property, plant and equipment, net | $107.5M | $93.4M | ||
| Goodwill | $632.6M | $264.1M | $247.2M | |
| Intangible assets, net | $900.1M | $357.9M | ||
| Other assets | $87.4M | $70.8M | ||
| Total assets | $2.3B | $1.4B | $1.0B | |
| Accounts payable | $76.9M | $54.8M | ||
| Accrued and other current liabilities | $116.1M | $92.4M | ||
| Current portion of long-term debt | $29.5M | $0 | ||
| Liabilities held for sale | $4.5M | $0 | ||
| Total current liabilities | $226.9M | $147.2M | ||
| Long-term debt | $839.8M | $0 | ||
| Retirement benefits payable | $1.0M | $1.1M | ||
| Other long-term liabilities | $179.5M | $138.3M | ||
| Total liabilities | $1.2B | $286.6M | ||
| Redeemable noncontrolling interest | $19.0M | $20.2M | ||
| Common shares, $0.01 par value Shares authorized 50,000 Shares issued 17,893 and 17,810, respectively | $178.0K | $177.0K | ||
| Preferred shares, $0.01 par value Shares authorized (10,000) and issued (0) | $0 | $0 | ||
| Additional paid-in capital | $520.1M | $501.3M | ||
| Treasury shares, at cost (1,544 and 1,027 shares, respectively) | -$257.7M | -$122.1M | ||
| Retained earnings | $799.0M | $705.0M | ||
| Accumulated other comprehensive loss | -$11.1M | -$12.1M | ||
| Total equity | $1.1B | $1.1B | $615.7M | $525.7M |
| Total liabilities and equity | $2.3B | $1.4B | ||
| Common shares, par value (in USD per share) | $0.01 | $0.01 | ||
| Common shares, authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Common shares, issued (in shares) | 17.9M shares | 17.8M shares | ||
| Preferred shares, par value (in USD per share) | $0.01 | $0.01 | ||
| Preferred shares, authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred shares, issued (in shares) | 0 shares | 0 shares | ||
| Treasury shares (in shares) | 1.5M shares | 1.0M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net income | $112.8M | $137.5M | $102.5M |
| Depreciation | $15.9M | $14.2M | $14.0M |
| Amortization of acquisition-related intangible assets & inventory step-up | $51.2M | $28.0M | $22.9M |
| Amortization of deferred financing fees | $1.1M | $766.0K | $769.0K |
| Provision for inventory reserves | $4.3M | $2.7M | $4.2M |
| Provision for credit losses | $2.3M | $1.4M | $814.0K |
| Share-based and other executive compensation | $14.9M | $13.6M | $11.5M |
| Fair value change in contingent consideration | $0 | $2.1M | $0 |
| Net loss (gain) on disposals of property, plant and equipment | $756.0K | $35.0K | -$2.7M |
| Net pension benefit | $67.0K | $66.0K | $67.0K |
| Impairment expenses | $15.6M | $0 | $1.6M |
| Net deferred taxes | -$6.0M | -$6.9M | -$2.5M |
| Accounts receivable | -$27.1M | -$9.1M | -$17.9M |
| Inventories | -$36.8M | -$35.7M | $10.4M |
| Prepaid expenses and other current assets | -$5.2M | -$1.4M | $4.6M |
| Other assets | $782.0K | $1.4M | $1.1M |
| Accounts payable and other current liabilities | $10.7M | $21.7M | $12.3M |
| Retirement benefits payable and other liabilities | -$5.7M | -$2.0M | $557.0K |
| Net cash provided by operating activities | $149.7M | $168.4M | $164.3M |
| Capital expenditures | -$17.3M | -$16.3M | -$16.6M |
| Proceeds from sale of assets held for investment | $0 | $0 | $1.7M |
| Proceeds from sale of assets | $217.0K | $1.2M | $2.2M |
| Cash paid for investments | -$4.8M | -$2.5M | $0 |
| Cash paid for acquisitions (net of cash received) | -$1.0B | -$84.7M | -$29.8M |
| Net cash used in investing activities | -$1.0B | -$102.2M | -$42.5M |
| Borrowings on lines of credit | $505.7M | $32.7M | $112.3M |
| Repayments of lines of credit | -$226.7M | -$198.7M | -$199.3M |
| Borrowings on Term Loan A | $600.0M | $0 | $0 |
| Repayments on Term Loan A | -$7.5M | $0 | $0 |
| Payments of deferred loan costs | -$5.3M | $0 | $0 |
| Payments of contingent consideration | -$12.0M | -$1.1M | -$3.0M |
| Purchase of treasury shares | -$132.7M | -$27.7M | -$15.3M |
| Proceeds from issuance of equity | $0 | $347.4M | $0 |
| Distributions to redeemable noncontrolling interest shareholder | -$2.0M | $0 | $0 |
| Dividends paid to shareholders | -$18.0M | -$14.6M | -$11.8M |
| Net cash provided by (used in) provided by financing activities | $701.5M | $138.0M | -$117.0M |
| Effect of exchange rate changes on cash and equivalents | -$100.0K | -$499.0K | -$1.1M |
| Net change in cash and cash equivalents | -$192.0M | $203.7M | $3.7M |
| Cash paid during the year for interest | $20.9M | $4.8M | $12.3M |
| Cash paid during the year for income taxes | $46.4M | $50.9M | $39.3M |
| Contingent consideration arising from acquisitions | $4.0M | $15.0M | $6.8M |
| Capital expenditures included in accounts payable and other current liabilities | $520.0K | $641.0K | $427.0K |
No quarter-by-quarter statement was filed.
Corporate structure
CSW Industrials sits at the top of its group. 18 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of CSW Industrials
- WASATCH ADVISORS LP Filed SCHEDULE 13G/A on CSW Industrials, latest Jul 13, 2026 (2 filings since Apr 23, 2026)
- Capital World Investors Filed SCHEDULE 13G/A on CSW Industrials, latest May 14, 2026 (2 filings since Nov 13, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on CSW Industrials, latest Apr 29, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on CSW Industrials, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on CSW Industrials, latest Mar 26, 2026 (5 filings since Feb 9, 2022)
- BlackRock Filed SCHEDULE 13G/A on CSW Industrials, latest Oct 17, 2025 (5 filings since Feb 3, 2022)
- T. Rowe Price Investment Management, Inc. Filed SC 13G/A on CSW Industrials, latest Nov 14, 2024 (3 filings since Feb 14, 2023)
- Neuberger Berman Filed SC 13G/A on CSW Industrials, latest Nov 5, 2024 (4 filings since Feb 11, 2022)
- Allspring Global Investments Holdings, LLC Filed SC 13G/A on CSW Industrials, latest Jan 12, 2024 (3 filings since Jan 19, 2022)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on CSW Industrials, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- Wells Fargo Filed SC 13G/A on CSW Industrials, latest Jan 26, 2022
- CSW Industrials Dallas, Texas, United States
- APK Manufacturing, LLC Subsidiary · Texas, United States
- Balco, Inc. Subsidiary · Kansas, United States
- CONG TY TNHH CONG NGHIEP T.A VIETNAM Subsidiary · Vietnam
- CSW INDUSTRIALS HOLDINGS, LLC Subsidiary · Newark, Delaware, United States
- Greco Aluminum Railings (U.S.A.) Inc. Subsidiary · Delaware, United States
- Greco Aluminum Railings, Ltd. Subsidiary · Canada
- Jet-Lube of Canada Ltd. Subsidiary · Canada
- RectorSeal Australia Pty Ltd Subsidiary · Australia
- RectorSeal of Canada Ltd. Subsidiary · Canada
- RectorSeal, LLC Subsidiary · Delaware, United States
- SG Architectural Solutions, LLC Subsidiary · Delaware, United States
- Shell & Whitmore Reliability Solutions of Canada Ltd. Subsidiary · Canada
- Shell & Whitmore Reliability Solutions, LLC Subsidiary · Delaware, United States
- Smoke Guard California, Inc. Subsidiary · Nevada, United States
- Smoke Guard, Inc. Subsidiary · Nevada, United States
- Whitmore Europe Limited Subsidiary · United Kingdom
- Whitmore Manufacturing, LLC Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CSW Industrials reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land and buildings | $3.1M4 Mar 31, 2026 | $3.1M4 Mar 31, 2025 | 0% |
| Buildings and improvements | $57.8M4 Mar 31, 2026 | $57.0M4 Mar 31, 2025 | +1.4% |
| Machinery and equipment | $165.4M4 Mar 31, 2026 | $136.2M4 Mar 31, 2025 | +21.4% |
| Construction in progress | $6.5M4 Mar 31, 2026 | $10.3M4 Mar 31, 2025 | −37.3% |
| Property and equipment, before depreciation | $233.1M4 Mar 31, 2026 | $206.6M4 Mar 31, 2025 | +12.8% |
| Accumulated depreciation | $125.6M4 Mar 31, 2026 | $113.2M4 Mar 31, 2025 | +10.9% |
| Property and equipment, net | $107.5M4 Mar 31, 2026 | $93.4M4 Mar 31, 2025 | +15.1% |
| Operating-lease assets (leased space) | $68.6M4 Mar 31, 2026 | $62.1M4 Mar 31, 2025 | +10.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $33.8M4 Mar 31, 2026 | $225.8M4 Mar 31, 2025 | −85.0% |
| Long-term investments | $7.3M4 Mar 31, 2026 | $2.5M4 Mar 31, 2025 | +192.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $632.6M4 Mar 31, 2026 | $264.1M4 Mar 31, 2025 | +139.5% |
| Intangible assets, net (excluding goodwill) | $900.1M4 Mar 31, 2026 | $357.9M4 Mar 31, 2025 | +151.5% |
| Finite-lived intangibles, gross | $948.2M4 Mar 31, 2026 | $427.8M4 Mar 31, 2025 | +121.6% |
| Accumulated amortization | $181.6M4 Mar 31, 2026 | $141.5M4 Mar 31, 2025 | +28.3% |
| Finite-lived intangibles, net | $766.6M4 Mar 31, 2026 | $286.3M12 Mar 31, 2025 | +167.7% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $309.7M4 Mar 31, 2026 | $194.9M4 Mar 31, 2025 | +58.9% |
| Work in process | $4.8M4 Mar 31, 2026 | $6.0M4 Mar 31, 2025 | −19.2% |
| Finished goods | $200.7M4 Mar 31, 2026 | $144.9M4 Mar 31, 2025 | +38.5% |
Properties, in its own words
Properties
Our principal executive offices are located at 5420 Lyndon B. Johnson Freeway, Suite 500, Dallas, Texas 75240. Our headquarters is a leased facility with a current lease term expiring on August 31, 2026. The lease has been renewed for an additional 127-month term that will commence upon competition of renovation activities.
The rest of Item 2
We consider the many manufacturing and R&D facilities, distribution centers, warehouses, offices and other properties that we own or lease to be in good condition and generally suitable for the purposes for which they are used. The following table presents our principal physical locations by segment and excludes facilities classified as discontinued operations.
Location · Use · Segment · Square Footage · Owned/Leased
Boise, Idaho · Manufacturing, Office and R&D · Engineered Building Solutions · 42,000 · Leased
Cle Elum, Washington · Distribution Center, Manufacturing, Office, R&D and Warehouse · Contractor Solutions · 180,000 · Leased
Dong Nai, Vietnam · Manufacturing and Office · Contractor Solutions · 634,000 · Owned
Earth City, Missouri · Distribution Center and Office · Contractor Solutions · 280,000 · Leased
Fall River, Massachusetts · Manufacturing and Office · Contractor Solutions · 140,200 · Leased
Greenwood, Indiana · Distribution Center & Office · Contractor Solutions · 54,000 · Leased
Houston, Texas · Manufacturing, Office, R&D and Warehouse · Contractor Solutions · 253,900 · Owned
Houston, Texas · Distribution Center & Office · Contractor Solutions · 150,000 · Leased
Humble, Texas · Manufacturing, Office and Warehouse · Contractor Solutions · 269,700 · Leased
Jacksonville, Florida · Distribution Center & Office · Contractor Solutions · 217,000 · Leased
Lutz, Florida · Manufacturing, Office and R&D · Engineered Building Solutions · 41,000 · Leased
North East, Maryland · Distribution Center & Office · Contractor Solutions · 150,000 · Leased
Palm Coast, Florida · Manufacturing, Office and R&D · Contractor Solutions · 49,000 · Leased
Rockwall, Texas · Manufacturing, Office, R&D and Warehouse · Specialized Reliability Solutions · 227,600 · Owned
Royse City, Texas · Manufacturing, Office and Warehouse · Contractor Solutions · 94,500 · Leased
Tejon Ranch, California · Distribution Center & Office · Contractor Solutions · 241,000 · Leased
Terrell, Texas · Warehouse · Specialized Reliability Solutions · 101,000 · Leased
Tulsa, Oklahoma · Manufacturing, Office and Warehouse · Specialized Reliability Solutions · 95,000 · Leased
Wichita, Kansas · Manufacturing, Office and R&D · Engineered Building Solutions · 75,000 · Leased
Windsor, Ontario, Canada · Manufacturing, Office and R&D · Engineered Building Solutions · 42,000 · Leased
We believe that our facilities are adequate for our current operations. We may endeavor to selectively reduce or expand our existing lease commitments as circumstances warrant. See Note 10 to our consolidated financial statements included in Item 8 of this Annual Report for additional information regarding our lease obligations.
Item 2 of the 10-K filed May 26, 2026.7
Leadership
Who has led CSW Industrials, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerJoseph B. Armes Sep 14, 2015 to now17
- ChairJoseph B. Armes Apr 5, 2016 to now18
- PresidentJoseph B. Armes Jul 9, 2018 to now19
- PresidentChristopher J. Mudd Oct 5, 2015 to Oct 2, 201720
- Chief financial officerJames E. Perry May 21, 2020 to now21
- Chief financial officerKelly Tacke Apr 5, 2016 to Apr 5, 201622
- Chief financial officerGreggory W. Branning Jun 9, 2016 to Apr 6, 202023
- Chief operating officerChristopher J. Mudd Oct 5, 2015 to Oct 2, 201720
Board members and other officers (16)
- SVP, GM Contractor SolutionsJeff Underwood Apr 1, 2024 to now24
- SVP, Chief People OfficerDanielle Garde Oct 11, 2022 to now25
- OfficerCraig James Foster Jan 8, 2016 to Apr 7, 202126
- OfficerLuke Alverson Mar 3, 2016 to now27
- OfficerChristopher J. Mudd Sep 14, 2015 to Sep 14, 201528
- OfficerKelly Tacke Sep 14, 2015 to Oct 16, 201529
- Board memberDarron K. Ash Jun 5, 2024 to now30
- Board memberAnne Motsenbocker Jun 28, 2022 to now31
- Board memberStorch Debra Von Jan 2, 2020 to Oct 4, 202132
- Board memberTerry L. Johnston Jan 26, 2017 to now33
- Board memberJay Kent Sweezey Dec 12, 2016 to now34
- Board memberJoseph B. Armes Sep 14, 2015 to Oct 16, 201517
- Board memberLinda A. Livingstone Sep 14, 2015 to now35
- Board memberMichael R. Gambrell Sep 14, 2015 to now36
- Board memberRobert M. Swartz Sep 14, 2015 to now37
- Board memberWilliam F. Quinn Sep 14, 2015 to Oct 6, 202038
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- APK Manufacturing, LLC Texas6
- Balco, Inc. Kansas6
- CONG TY TNHH CONG NGHIEP T.A VIETNAM Vietnam6
- CSW Industrials Holdings, LLC Delaware6
- Greco Aluminum Railings (U.S.A.) Inc. Delaware6
- Greco Aluminum Railings, Ltd. Canada6
- Jet-Lube of Canada Ltd. Canada6
- RectorSeal Australia Pty Ltd Australia6
- RectorSeal of Canada Ltd. Canada6
- RectorSeal, LLC Delaware6
- SG Architectural Solutions, LLC Delaware6
- Shell & Whitmore Reliability Solutions of Canada Ltd. Canada6
- Shell & Whitmore Reliability Solutions, LLC Delaware6
- Smoke Guard California, Inc. Nevada6
- Smoke Guard, Inc. Nevada6
- Whitmore Europe Limited UK6
- Whitmore Manufacturing, LLC Delaware6
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- CSWC Newco Corp.Dec 2, 2014 to Mar 26, 20155
Timeline
- Aug 31, 20268-K Shareholder vote; Other events40
- Jul 30, 20268-K Results of operations41
- May 26, 20268-K Results of operations42
- May 26, 20268-K Results of operations43
- Jan 29, 20268-K Results of operations44
- Jan 15, 20268-K Financial statements and exhibits45
- Nov 4, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation46
- Oct 30, 20258-K Results of operations47
- Oct 1, 20258-K Entered a material agreement; Results of operations; Executive or director change48
- Sep 2, 20258-K Executive or director change; Shareholder vote49
- Jul 31, 20258-K Results of operations50
- Jun 9, 2025Went public Listed on NYSE1
- May 22, 20258-K Results of operations51
- Sep 30, 2015Founded Founded1
- Sep 14, 2015New chief executive Joseph B. Armes becomes CEO17
Calendar
Coming up
- Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $2.96 a share, on Oct 30, 2025.52
When it reported results
- Jul 30, 2026Reported quarterly or annual results41
- May 26, 2026Reported quarterly or annual results42
- May 26, 2026Reported quarterly or annual results43
- Jan 29, 2026Reported quarterly or annual results44
- Oct 30, 2025Reported quarterly or annual results47
- Oct 1, 2025Reported quarterly or annual results48
- Jul 31, 2025Reported quarterly or annual results50
- May 22, 2025Reported quarterly or annual results51
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
446 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 261 insider forms, 29 large holders, 1 private raises, 97 other. The latest 20:
- Oct 15, 2026144 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 15, 2026144 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20268-K EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 14, 2026144 EDGAR
- Aug 11, 20264 EDGAR
The 446 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
116 open-market trades by officers, directors and large owners since October 2021: 1 buys and 115 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,500 | $289.58 | $434.4K | Form 4 |
| Aug 14, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,500 | $345.16 | $517.7K | Form 4 |
| Aug 10, 2026 | UNDERWOOD JEFFEVP, GM Contractor Solutions | Sale | 720 | $346.96 | $249.8K | Form 4 |
| Aug 5, 2026 | Sullivan DonEVP, Chief Strategy Officer | Sale | 4,526 | $343.75 | $1.6M | Form 4 |
| Jul 15, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,500 | $289.95 | $434.9K | Form 4 |
| Jun 15, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,500 | $279.52 | $419.3K | Form 4 |
| May 27, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,500 | $283.94 | $425.9K | Form 4 |
| May 1, 2026 | Alverson LukeSVP, GC & Secretary | Sale | 1,007 | $289.57 | $291.6K | Form 4 |
| Apr 15, 2026 | Sullivan DonEVP, Chief Strategy Officer | Sale | 166 | $300.26 | $49.8K | Form 4 |
| Apr 15, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,500 | $286.77 | $430.2K | Form 4 |
| Apr 7, 2026 | Alverson LukeSVP, GC & Secretary | Sale | 1,007 | $266.11 | $268.0K | Form 4 |
| Mar 23, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,500 | $270.11 | $405.2K | Form 4 |
| Mar 13, 2026 | Ash Darron KDirector | Buy | 300 | $256.62 | $77.0K | Form 4 |
| Feb 17, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,500 | $297.79 | $446.7K | Form 4 |
| Feb 11, 2026 | Alverson LukeSVP, GC & Secretary | Sale | 500 | $316.02 | $158.0K | Form 4 |
| Jan 15, 2026 | Armes Joseph BChairman, President & CEO | Sale | 1,000 | $328.64 | $328.6K | Form 4 |
| Jan 2, 2026 | Perry James EEVP, CFO | Sale | 145 | $293.53 | $42.6K | Form 4 |
| Dec 15, 2025 | Armes Joseph BChairman, President & CEO | Sale | 1,000 | $317.40 | $317.4K | Form 4 |
| Dec 8, 2025 | Sullivan DonEVP, Chief Strategy Officer | Sale | 4,136 | $301.41 | $1.2M | Form 4 |
| Dec 2, 2025 | UNDERWOOD JEFFEVP, GM Contractor Solutions | Sale | 370 | $278.96 | $103.2K | Form 4 |
All 116 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- WASATCH ADVISORS LPSCHEDULE 13G/A, 2 filings Apr 23, 2026 to Jul 13, 202653
- Capital World InvestorsSCHEDULE 13G/A, 2 filings Nov 13, 2025 to May 14, 202654
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202655
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202656
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to Mar 26, 202657
- BlackRockSCHEDULE 13G/A, 5 filings Feb 3, 2022 to Oct 17, 202558
- T. Rowe Price Investment Management, Inc.SC 13G/A, 3 filings Feb 14, 2023 to Nov 14, 202459
- Neuberger BermanSC 13G/A, 4 filings Feb 11, 2022 to Nov 5, 202460
- Allspring Global Investments Holdings, LLCSC 13G/A, 3 filings Jan 19, 2022 to Jan 12, 202461
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202362
- Wells FargoSC 13G/A, 1 filing Jan 26, 202263
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2026 | Joseph B. ArmesChairman, CEO and President | 64 | $925.0K | $7.3M64 |
| 2026 | James E. PerryExecutive VP, CFO | 55 | $520.0K | $2.1M64 |
| 2026 | Jeff A. UnderwoodExecutive VP & GM, Contractor Solutions | 44 | $440.0K | $1.6M64 |
| 2026 | Danielle R. GardeSenior VP, Chief People Officer | 55 | $440.0K | $1.4M64 |
| 2026 | Luke E. AlversonSenior VP, General Counsel and Secretary | 48 | $440.0K | $1.4M64 |
| 2025 | Joseph B. ArmesChairman, CEO and President | 64 | $850.0K | $6.3M64 |
| 2025 | James E. PerryExecutive VP, CFO | 55 | $495.0K | $2.1M64 |
| 2025 | Luke E. AlversonSenior VP, General Counsel and Secretary | 48 | $423.0K | $1.4M64 |
| 2025 | Jeff A. UnderwoodExecutive VP & GM, Contractor Solutions | 44 | $385.0K | $1.4M64 |
| 2024 | Joseph B. ArmesChairman, CEO and President | 64 | $800.0K | $6.0M64 |
| 2024 | James E. PerryExecutive VP, CFO | 55 | $475.0K | $2.0M64 |
| 2024 | Luke E. AlversonSenior VP, General Counsel and Secretary | 48 | $412.0K | $1.3M64 |
| 2024 | Danielle R. GardeSenior VP, Chief People Officer | 55 | $390.0K | $1.3M64 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $3.1M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2021 | $3.1M | $3.1M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 16, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −6.9% | Report |
| May 18, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | +6.3% | Report |
| Mar 3, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −9.6% | Report |
| Jan 15, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −23.8% | Report |
| Nov 18, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | +3.0% | Report |
| Nov 17, 2025 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | +3.6% | Report |
| Nov 6, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | +0.5% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How CSW Industrials is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCSW INDUSTRIALS, INC.2
- CIK0001624794
- Employer ID (EIN)47-22669427
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company7
- Incorporated inDelaware7
- Fiscal year endsMarch 312
- Industry code (SIC)2891 Adhesives & Sealants2
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance2
- Business address5420 Lyndon B. Johnson Freeway, Suite 500, Dallas, TX 752402
- Phone(214) 884-37772
- Shares outstanding16,293,487 as of Jul 24, 202615
- Public float$4.0B as of Sep 30, 20257
- AuditorGRANT THORNTON LLP, Dallas, Texas PCAOB ID 248; it also attests to the company’s internal control over financial reporting7
- On EDGAR sinceDec 2, 20142
- Filings800 in all: 4 (442), 144 (71), 8-K (68), SC 13G/A (40), 10-Q (33), 3 (23), SC 13G (21), 10-K (11)2
All 36 form types
DEF 14A (11), CORRESP (9), SD (9), UPLOAD (9), 4/A (5), DEFA14A (5), 10-12B/A (4), 8-K/A (4), ARS (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 144/A (2), 424B5 (2), D (2), PRE 14A (2), S-3ASR (2), S-8 (2), 10-12B (1), 25 (1), 40-APP (1), 8-A12B (1), APP WD (1), CERT (1), CERTNAS (1), DFAN14A (1), PREC14A (1), SC 13D (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) May 26, 2026
Quarterly report (10-Q) Jul 30, 2026
Proxy statement (DEF 14A) Jul 16, 2026
Latest 8-K (8-K) Aug 31, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | CSW | New York Stock Exchange |
From the cover page of the 10-K filed May 26, 2026 (Section 12(b) of the Exchange Act).7
Risk factors and legal proceedings
The risks CSW Industrials names in Item 1A of its 10-K filed May 26, 2026: 32 risks under these headings, as written.7
- Market, Economic and Geopolitical Risks
- Changes in global trade policy and the impact on tariffs may have a material adverse effect on our business and results of operations.
- The industries in which we operate are highly competitive, and many of our products are in highly competitive markets. We may lose market share to producers of other products that directly compete with or that can be substituted for our products.
- Certain end markets that we serve are cyclical, which can cause significant fluctuations in our results of operations and cash flows.
- Growth of our business will depend in part on market awareness of our industrial brands, and any failure to develop, maintain, protect or enhance our industrial brands would hurt our ability to retain or attract customers.
- Climate change could have an adverse effect on our business.
- Climate change regulations may impact our ability to operate at a profit and harm our operating margins.
- Business, Operations and Human Capital Risks
- Our attempts to address evolving customer needs require that we continually enhance our products. Our efforts to enhance our products may not be commercially viable and failure to develop commercially successful products or keep pace with our competitors could harm our business and results of operations.
- Our international sales and manufacturing operations, including our use of third-party manufacturers for certain products that we sell, involve inherent risks that could result in harm to our business.
- Conditions in the Middle East, including current uncertainty and instability resulting from the conflict between the United States, Israel and Iran, as well as other regional hostilities could adversely affect our business.
- Loss of key suppliers, the inability to secure raw materials on a timely basis, the potential impacts of global inflation and global conflicts, or our inability to pass commodity price increases on to customers could have an adverse effect on our business.
The other 22 risks
- We rely on independent distributors as a channel to market for many of our products. Termination of a substantial number of our distributor relationships or an increase in a distributor's sales of our competitors’ products could have a material adverse effect on our business, financial condition, results of operations or cash flows.
- Our insurance policies may not cover, or fully cover, us against natural disasters, global conflicts or environmental risk.
- Cybersecurity breaches and other disruptions to our information technology systems could compromise our information, disrupt our operations, and expose us to liability, which may adversely impact our operations.
- Artificial Intelligence Technologies Could Present Business, Compliance, and Reputational Risks.
- Our relationships with our employees could deteriorate, which could adversely affect our operations.
- Loss of key personnel or our inability to attract and retain new qualified personnel could hurt our business and inhibit our ability to operate and grow successfully.
- Strategic Transactions and Investments Risks
- Our acquisition and integration of businesses could negatively impact our financial results.
- We may be unable to successfully execute and realize the expected financial benefits from strategic initiatives.
- Changes in future business or other market conditions could cause business investments and/or recorded goodwill or other long-term assets to become impaired, resulting in substantial losses and write-downs that would materially adversely affect our results of operations and financial condition.
- Financial Risks
- Our outstanding indebtedness and the restrictive covenants in the agreements governing our indebtedness limit our operating and financial flexibility.
- Fluctuations in currency exchange rates may significantly impact our results of operations and may significantly affect the comparability of our results between financial periods.
- Changes in effective tax rates or adverse outcomes resulting from examination of our income tax returns could adversely affect our results.
- We may acquire various structured financial instruments for purposes of hedging or reducing our risks, which may be costly and ineffective.
- We may inadvertently fail to maintain effective disclosure controls and procedures and internal controls over financial reporting.
- Legal and Regulatory Risks
- Regulatory and statutory changes applicable to us or our customers could adversely affect our financial condition and results of operations.
- Compliance with extensive environmental, health and safety laws could require material expenditures, changes in our operations or site remediation.
- We are subject to the U.S. Foreign Corrupt Practices Act and other anti-corruption laws, as well as other laws governing our operations. If we fail to comply with these laws, we could be subject to civil or criminal penalties, other remedial measures, and legal expenses, which could adversely affect our business, financial condition and results of operations.
- Our permits, licenses, registrations or authorizations and those of our customers or distributors may be modified, suspended, terminated or revoked before their expiration or we and/or they may be unable to renew them upon their expiration. We may bear liability for failure to obtain, maintain or comply with required authorizations.
- Industrial manufacturing is inherently hazardous, which could result in accidents that disrupt our operations or expose us to significant losses or liabilities.
- Regulation of our employees’ exposure to certain chemicals or other hazardous products could require material expenditures or changes in our operations.
- We may be unable to protect our trademarks, trade secrets, other intellectual property and proprietary information, which could harm our competitive position.
- Adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults or non-performance by financial institutions or transactional counterparties, could adversely affect our business, financial condition or results of operations.
- Forward-Looking Statements
Legal proceedings
We may, from time to time, be involved in litigation arising out of our operations in the normal course of business or otherwise. Furthermore, third parties may try to seek to impose liability on us in connection with the activities of our operating companies. We are not currently a party to any legal proceedings that, individually or in the aggregate, are expected to have a material effect on our business, financial condition, results of operations or financial statements, taken as a whole.
The opening of Item 3, Legal Proceedings.7
Links
- Websitecsw.com1
- WikidataQ141040653
- SEC EDGARCIK 1624794
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataCSW Industrials on Wikidata
- 2SEC EDGARCSW Industrials filings on SEC EDGAR
- 3
- 4SEC EDGARCSW Industrials 10-K for fiscal 2026
- 5SEC EDGARCSW Industrials filings on SEC EDGAR
- 6
- 7
- 8SEC EDGARCSW Industrials 10-K for fiscal 2019
- 9SEC EDGARCSW Industrials 10-K for fiscal 2020
- 10SEC EDGARCSW Industrials 10-K for fiscal 2021
- 11SEC EDGARCSW Industrials 10-K for fiscal 2022
- 12SEC EDGARCSW Industrials 10-K for fiscal 2023
- 13SEC EDGARCSW Industrials 10-Q for fiscal 2025
- 14SEC EDGARCSW Industrials 10-Q for fiscal 2025
- 15SEC EDGARCSW Industrials 10-Q for fiscal 2026
- 16SEC EDGARCSW Industrials 10-K for fiscal 2019
- 17
- 18SEC EDGARJoseph B. Armes, Chair
- 19SEC EDGARJoseph B. Armes, President
- 20SEC EDGARChristopher J. Mudd, President
- 21
- 22SEC EDGARKelly Tacke, Chief financial officer
- 23
- 24
- 25
- 26SEC EDGARCraig James Foster, Officer
- 27SEC EDGARLuke Alverson, Officer
- 28SEC EDGARChristopher J. Mudd, Officer
- 29SEC EDGARKelly Tacke, Officer
- 30SEC EDGARDarron K. Ash, Board member
- 31SEC EDGARAnne Motsenbocker, Board member
- 32SEC EDGARStorch Debra Von, Board member
- 33SEC EDGARTerry L. Johnston, Board member
- 34SEC EDGARJay Kent Sweezey, Board member
- 35SEC EDGARLinda A. Livingstone, Board member
- 36SEC EDGARMichael R. Gambrell, Board member
- 37SEC EDGARRobert M. Swartz, Board member
- 38SEC EDGARWilliam F. Quinn, Board member
- 39
- 40SEC EDGARShareholder vote; Other events
- 41SEC EDGARResults of operations
- 42SEC EDGARResults of operations
- 43SEC EDGARResults of operations
- 44SEC EDGARResults of operations
- 45SEC EDGARFinancial statements and exhibits
- 46
- 47SEC EDGARResults of operations
- 48
- 49
- 50SEC EDGARResults of operations
- 51SEC EDGARResults of operations
- 52NasdaqNasdaq calendar
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