Filing Flows › CSW Industrials (CSW) › Q3 FY26
CSW Industrials (CSW) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jan 29, 2026
CSW Industrials (CSW) reported revenue of $233M for the third quarter fiscal 2026 (Q3 FY26), +20% from a year earlier and -16% from the quarter before. Operating margin was 7.4%, net earnings $10.3M (4.4% of revenue).
CSW Industrials, Q3 FY26: revenue $233M (+20% year over year), operating margin 7.4%, net earnings $10.3M, operating cash flow $28.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $233M | -16% | +20% |
| Gross profit | $92.4M | -22% | +15% |
| Operating profit | $17.3M | -69% | -41% |
| Net earnings | $10.3M | -75% | -62% |
| Operating cash flow | $28.9M | -53% | +165% |
| Free cash flow | $22.7M | — | +193% |
What changed
Revenue was $233.0M in Q3 FY26, up 20% year over year and down 16% from the previous quarter. Contractor Solutions was the largest line at 71% of revenue. Contractor Solutions added $36.0M year over year (up 28%), 92% of the total change. Engineered Building Solutions declined 1%.
Gross margin was 39.7%, down 1.7 points from a year earlier. Operating profit was $17.3M, a 7.4% margin (down 7.8 points year over year). Operating profit fell $12.3M even though revenue rose $39.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 49% against revenue growth of 20%. Net earnings were $10.3M, down 62% year over year. The effective tax rate was -34.2%.
Operating cash flow was $28.9M (up 165% year over year), 272% of net income including minority interests. Non-cash charges added back $18.7M of depreciation and amortization. After capital expenditures ($6.1M), free cash flow as the company reports it was $22.7M.
Questions
What was CSW Industrials' revenue in the third quarter fiscal 2026?
CSW Industrials (CSW) reported revenue of $233M for the third quarter fiscal 2026 (Q3 FY26), +20% from a year earlier and -16% from the quarter before.
Was CSW Industrials profitable in the third quarter fiscal 2026?
Operating profit was $17.3M (7.4% of revenue) and net earnings $10.3M.
Source: CSW Industrials 10-Q on SEC EDGAR.