Filing Flows › CSW Industrials (CSW) › Q2 FY26
CSW Industrials (CSW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Oct 30, 2025
CSW Industrials (CSW) reported revenue of $277M for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +5% from the quarter before. Operating margin was 20.5%, net earnings $40.7M (14.7% of revenue).
CSW Industrials, Q2 FY26: revenue $277M (+22% year over year), operating margin 20.5%, net earnings $40.7M, operating cash flow $61.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | +5% | +22% |
| Gross profit | $119M | +3% | +15% |
| Operating profit | $56.8M | +3% | +10% |
| Net earnings | $40.7M | -0.7% | +13% |
| Operating cash flow | $61.8M | +2% | -8% |
| Free cash flow | $58.7M | +2% | -5% |
What changed
Revenue was $277.0M in Q2 FY26, up 22% year over year and up 5% from the previous quarter. Contractor Solutions was the largest line at 74% of revenue. Contractor Solutions added $49.5M year over year (up 32%), 101% of the total change. Engineered Building Solutions declined 2%.
Gross margin was 43.0%, down 2.6 points from a year earlier. Operating profit was $56.8M, a 20.5% margin (down 2.1 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 23% margin then. Operating expenses grew 19% against revenue growth of 22%. Net earnings were $40.7M, up 13% year over year. The effective tax rate was 26.4%.
Operating cash flow was $61.8M (down 8% year over year), 151% of net earnings. Non-cash charges added back $13.4M of depreciation and amortization. Working capital and other items added $7.6M. Capital expenditures of $3.1M left free cash flow of $58.7M.
Questions
What was CSW Industrials' revenue in the second quarter fiscal 2026?
CSW Industrials (CSW) reported revenue of $277M for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +5% from the quarter before.
Was CSW Industrials profitable in the second quarter fiscal 2026?
Operating profit was $56.8M (20.5% of revenue) and net earnings $40.7M.
Source: CSW Industrials 10-Q on SEC EDGAR.