Workflow
CSW Industrials Updates Share Repurchase Program
CSWICSW Industrials(CSWI) GlobeNewswire News Room·2024-11-18 13:30

Core Points - CSW Industrials, Inc. has authorized a new 200millionsharerepurchaseprogram,replacingtheprevious200 million share repurchase program, replacing the previous 100 million program [1][2] - Since the initiation of the share repurchase program in 2017, the company has repurchased approximately 2.0 million shares for a total of 152million[1]ThenewprogramreflectstheBoardsconfidenceinthecompanysstrongbusinessmodel,futuregrowth,andcashgeneration[2]Thecompanyhasreturnedover152 million [1] - The new program reflects the Board's confidence in the company's strong business model, future growth, and cash generation [2] - The company has returned over 200 million to shareholders through share repurchases and dividends since its spin-off in 2015 [2] Company Overview - CSW Industrials is a diversified industrial growth company operating in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions [3] - The company provides niche, value-added products characterized by performance and reliability [3] - Key end markets served include HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation [3]