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CSW Industrials Fiscal Q3 Adjusted Earnings, Revenue Advance

· 02/05/2021 03:12

08:04 AM EST, 02/05/2021 (MT Newswires) -- CSW Industrials (CSWI) reported fiscal Q3 2021 adjusted net earnings Friday of $0.59 per diluted share, up from $0.48 a year ago.

The consensus of analysts polled by Capital IQ was $0.35 a share.

Net revenue for the quarter ended Dec. 31 as expressed by the sum of net interest income and total noninterest income was $89.93 million, up from $83.72 million a year ago. Analysts polled by Capital IQ expected $75.32 million.

Subsequent to the Texas-based distributor and manufacturer's Q3 earnings report, its Whitmore operating company and Shell Lubricants announced a joint venture that CSW believes will fuel organic growth, CEO Joseph Armes said.

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