Filing Flows › CSW Industrials (CSW) › Q1 FY26
CSW Industrials (CSW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jul 31, 2025
CSW Industrials (CSW) reported revenue of $264M for the first quarter fiscal 2026 (Q1 FY26), +17% from a year earlier and +14% from the quarter before. Operating margin was 20.8%, net earnings $40.9M (15.5% of revenue).
CSW Industrials, Q1 FY26: revenue $264M (+17% year over year), operating margin 20.8%, net earnings $40.9M, operating cash flow $60.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $264M | +14% | +17% |
| Gross profit | $115M | +13% | +7% |
| Operating profit | $54.9M | +22% | -0.3% |
| Net earnings | $40.9M | +17% | +6% |
| Operating cash flow | $60.6M | +122% | -3% |
| Free cash flow | $57.7M | — | -3% |
What changed
Revenue was $263.6M in Q1 FY26, up 17% year over year and up 14% from the previous quarter. Contractor Solutions was the largest line at 74% of revenue. Contractor Solutions added $36.4M year over year (up 23%), 97% of the total change.
Gross margin was 43.8%, down 3.7 points from a year earlier. Operating profit was $54.9M, a 20.8% margin (down 3.5 points year over year). Operating profit fell $184K even though revenue rose $37.5M versus a year earlier, so costs grew faster than sales. Operating expenses grew 16% against revenue growth of 17%. Net earnings were $40.9M, up 6% year over year. The effective tax rate was 24.3%.
Operating cash flow was $60.6M (down 3% year over year), 147% of net earnings. Non-cash charges added back $12.6M of depreciation and amortization. Working capital and other items added $6.8M. After capital expenditures ($2.9M), free cash flow as the company reports it was $57.7M.
Questions
What was CSW Industrials' revenue in the first quarter fiscal 2026?
CSW Industrials (CSW) reported revenue of $264M for the first quarter fiscal 2026 (Q1 FY26), +17% from a year earlier and +14% from the quarter before.
Was CSW Industrials profitable in the first quarter fiscal 2026?
Operating profit was $54.9M (20.8% of revenue) and net earnings $40.9M.
Source: CSW Industrials 10-Q on SEC EDGAR.