CSW

DALLAS, July 30, 2026 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NYSE: CSW or the "Company") today reported results for the fiscal 2027 first quarter period ended June 30, 2026. Fiscal 2027 First Quarter Highlights (comparisons to fiscal 2026 first quarter) Total revenue increased 33% to a record of $351 million, driven by acquisitions as well as organic growth Contractor Solutions Segment delivered organic revenue growth of 6% Earnings per diluted share ("EPS") of $3.04 increased 25% compared to $2.43, driven primarily by increased revenue Adjusted EPS, which excludes the amortization of acquisition-related intangible assets and nonrecurring expenses, was a record $3.84 and increased 35% compared to $2.85 Net income attributable to CSW of $50 million increased 22% compared to $41 million Adjusted EBITDA increased 48% to a record $102 million, capitalizing on increased revenue Cash flows from operations were a record $76 million, increasing 25% Net debt of $815 million at the end of the quarter, resulting in a net leverage ratio (net Debt to EBITDA), in accordance with our credit facility, of 2.37x, within our stated target range of 1-3x, and decreasing from our fiscal year-end Comments from the Chairman, President, and Chief Executive Officer Joseph B. Armes, CSW Industrials’ Chairman, President, and Chief Executive Officer, commented, "I am very pleased to report all-time record revenue, adjusted EBITDA, adjusted EPS, and operating cash flows for the first quarter of fiscal 2027. Guided by our enduring capital allocation strategy, since May 1, 2025, we have invested $1.0 billion to consummate five highly accretive acquisitions, including the transformative additions of MARS Parts and Aspen Manufacturing. These investments have resulted in revenue growth outpacing the end markets we serve, expanding profitability, and increasing cash flows. We have continued to return capital to shareholders through meaningful share repurchases, in light of the compelling investment opportunity we have seen in our stock, and through dividends, while simultaneously de-levering our balance sheet through the reduction of net debt plus growth in our EBITDA." Armes continued, "We remain confident in our ability to deliver continued growth in organic revenue, EBITDA, and operating cash flows through the remainder of fiscal 2027. This confidence is supported by our disciplined focus on serving our customers well, executing effectively, controlling costs, and opportunistically investing in attractive growth opportunities." Fiscal 2027 First Quarter Consolidated Results Fiscal first quarter revenue was $350.6 million, an $87.0 million or 33.0% increase over the prior year period. Total revenue growth included $73.0 million or 27.7% inorganic growth contributed by acquisitions completed over the last twelve months, which are reported within the Contractor Solutions and Specialized Reliability Solutions segments, as well as an increase in organic revenue of $14.0 million or 5.3%, comprised of 5.9% growth in Contractor Solutions and 16.5% growth in Specialized Reliability Solutions, offset by lower revenue in Engineered Building Solutions. Gross margin improved 110 bps to 44.9%, or 130 bps to 45.1% as adjusted, compared to 43.8% in the prior year period. The adjusted gross margin increase was primarily a result of pricing actions, partially offset by increased material and freight costs. Gross profit in the fiscal first quarter was $157.4 million, or $158.0 million adjusted, representing 36.3%, or 36.9% adjusted, growth over $115.4 million in the prior year period. Adjustments made to gross profit and gross margin in the quarter include acquisition-related integration expenses and costs related to the previously announced planned exit and disposition of the Greco business within Engineered Building Solutions ("Greco Plans"). Operating expenses were $77.5 million, or $76.4 million adjusted. Adjustments in the quarter were comprised of $1.0 million in nonrecurring expenses related to integration of completed acquisitions. Operating expenses in the prior period were $60.6 million. Operating expenses were higher in the current period due to acquired companies' additional expenses, including amortization of intangible assets. Operating expenses as a percentage of revenue were 22.1%, or 21.8% adjusted, lower than the prior year period of 23.0%, leveraging increased revenue, as well as restructuring savings and synergy realization. Operating income in the current period was $79.9 million, or $81.5 million adjusted, compared to $54.9 million, in the prior year period. Operating income as a percentage of revenue was 22.8%, or 23.3% adjusted, compared to 20.8% in the prior year period. The increase in operating margin was a result of the previously mentioned expansion in the gross margin and decreased operating expenses as a percentage of revenue. Interest expense, net of interest income, was $12.7 million, as compared to interest expense of $1.0 million in the prior year period. Interest expense in the quarter resulted from the Term Loan A and increased borrowings outstanding under our revolving line of credit, due to our acquisitions and share repurchases in the last year. In the current period, reported net income attributable to CSW improved 21.6% to $49.8 million, compared to $40.9 million in the prior year period. EPS was $3.04 per diluted share, an increase of 25.3% as compared to $2.43 per diluted share in the prior year period, driven by both contributions from recent acquisitions and organic growth, partially offset by higher interest expense and intangible amortization. Excluding the amortization of acquisition-related intangible assets and nonrecurring expenses, adjusted EPS increased 34.6% to a record $3.84 per diluted share, compared to $2.85 per diluted share in the prior year period. Fiscal 2027 first quarter adjusted EBITDA increased 47.8% to a record $101.6 million, up from $68.7 million in the prior year period. Adjusted EBITDA margin expanded 290 bps to 29.0%, compared to 26.1% in the prior year period, due to the previously mentioned gross margin expansion and improved operating expense leverage. The Company’s effective tax rate for the fiscal first quarter was 25.6%, as compared to 24.3% in the prior year period. The quarterly cash flows from operations were $75.6 million, as compared to $60.6 million in the prior year period. Free cash flows, defined as cash flows from operations minus capital expenditures, was $69.6 million, compared to $57.7 million in the prior year period, an increase of $11.9 million. The increases were primarily due to our record earnings. Following quarter-end, the Company announced a regular quarterly cash dividend in the amount of $0.30 per share, to be paid on August 14, 2026, to shareholders of record on July 31, 2026. This represents the Company's thirtieth consecutive quarterly dividend. Fiscal 2027 First Quarter Segment Results Contractor Solutions segment revenue was $276.0 million, a $79.3 million or 40.3% increase over the prior year period, comprised of inorganic growth of 34.4% or $67.6 million from acquisitions in the last twelve months and a 5.9% or $11.6 million increase in organic revenue from pricing actions and volume growth. As compared to the prior year period, net revenue growth was driven by the HVAC/R, plumbing, and architecturally-specified building products end markets. Segment operating income was $75.0 million, or $75.9 million adjusted to exclude $0.9 million of nonrecurring expenses related to acquisition integration, compared to $52.8 million, in the prior year period. The increase in operating profit resulted from the inclusion of recently acquired businesses, organic volume growth, and pricing actions, partially offset by increased material costs and freight expense. Segment operating income margin for the fiscal first quarter was 27.2%, or 27.5% adjusted, as compared to 26.8%, primarily due to pricing actions and favorable product mix, offset somewhat by increased costs of materials and freight. Segment adjusted EBITDA in the fiscal first quarter increased 45.2% to $94.3 million, or 34.2% of revenue, compared to $65.0 million, or 33.0% of revenue, in the prior year period. The accretion in margin is primarily due to higher organic revenue and cost leverage. Specialized Reliability Solutions segment revenue was $48.2 million, an $11.4 million or 30.9% increase over the prior year period. Revenue growth was comprised of organic growth of $6.1 million, or 16.5%, and inorganic growth of $5.3 million, or 14.5%. Revenue increased in the general industrial and mining end markets and declined in the rail transportation end market. Segment operating income was $8.1 million, or $8.5 million adjusted to exclude nonrecurring expenses related to acquisition integration, an increase of 62.8% compared to $5.2 million in the prior year period. Segment operating income margin for the fiscal first quarter was 16.7%, or 17.7% adjusted, as compared to the prior year period of 14.2% due to higher margins on recent acquisitions, pricing actions, and a favorable product mix, offset somewhat by increased freight and material costs. Segment adjusted EBITDA in the fiscal first quarter was $10.0 million, or 20.8% of revenue, compared to $6.5 million, or 17.7% of revenue in the prior year period, reaching our long-term margin target of greater than 20%. Engineered Building Solutions segment revenue was $28.9 million, a 9.3% decrease compared to $31.9 million in the prior year period, due to softness in the residential market served by the Greco business, partially offset by pricing actions and volume growth in the continuing businesses. Segment operating income was $4.6 million, or 15.8% of revenue, as compared to the prior year period of $4.0 million, or 12.5% of revenue. The increase is primarily the result of favorable product mix. During the fiscal quarter, in connection with the Greco Plans, we recorded additional exit-related expenses of $0.3 million. Adjusted EBITDA and adjusted EBITDA margin in the fiscal first quarter were $5.0 million and 17.4%, respectively, compared to $4.4 million and 13.9%, respectively, in the prior year period. Excluding the Greco businesses, Engineered Building Solutions segment revenue was $23.4 million, a 7.0% increase compared to $21.9 million in the prior year period. Segment adjusted EBITDA and adjusted EBITDA margin in the fiscal first quarter were $6.1 million and 26.2%, respectively, compared to $3.8 million and 17.5%, respectively, in the prior year period, supporting confidence in stronger margins over time. All percentages are calculated based upon the attached financial statements. Share counts used in determining the diluted EPS are based on a weighted average of outstanding shares throughout the reporting period. Conference Call Information The Company will host a conference call today at 10:00 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. A live webcast of the call can be accessed at https://ir.csw.com. To access the call, participants may dial 1-877-407-0784, international callers may use 1-201-689-8560, and request to join the CSW Industrials earnings call. A telephonic replay will be available shortly after the conclusion of the call and until Tuesday, August 13, 2026. Participants may access the replay at 1-844-512-2921; international callers may use 1-412-317-6671 and enter access code 13761540. The call will also be available for replay via webcast link on the Investors portion of the CSW website www.csw.com. Safe Harbor Statement This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations, and financial performance and condition. The forward-looking statements included in this press release are based on our current expectations, projections, estimates, and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K. All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law. Non-GAAP Financial Measures This press release includes an analysis of adjusted diluted earnings per share attributable to CSW, adjusted net income attributable to CSW, adjusted effective tax rate, adjusted gross profit, adjusted operating expenses, adjusted operating income, free cash flows, adjusted EBS excluding Greco, adjusted CSW excluding Greco and Net Debt to Adjusted EBITDA Ratio per Revolving Credit Facility ("RCF"), which are non-GAAP financial measures of performance. Attributable to CSW is defined to exclude the income attributable to the non-controlling interest in the Whitmore JV. CSW utilizes adjusted EBITDA (earnings before interest, tax, depreciation and amortization) as an additional consolidated, non-GAAP financial measure, which consists of consolidated net income including income attributable to the non-controlling interest in the Whitmore JV, adjusted to remove the impact of income taxes, interest expense, depreciation, amortization and impairment, and significant nonrecurring items. For a reconciliation of these measures to the most directly comparable GAAP measures and for a discussion of why we consider these non-GAAP measures useful, see the “Reconciliation of Non-GAAP Measures” section of this release. About CSW Industrials, Inc. CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSW provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.csw.com. Investor Relations Alexa HuertaVice President, Investor Relations and [email protected] Reconciliation of Non-GAAP Measures We use adjusted earnings per share attributable to CSW, adjusted net income attributable to CSW, adjusted gross profit, adjusted operating expenses, adjusted operating income, adjusted effective tax rate, adjusted EBITDA, free cash flows, adjusted EBS excluding Greco, adjusted CSW excluding Greco and Net Debt to Adjusted EBITDA Ratio per Revolving Credit Facility ("RCF"), together with financial measures prepared in accordance with GAAP, such as revenue, cost of revenue, operating expense, operating income, net income attributable to CSW and operating cash flows, to assess our historical and prospective operating performance and to enhance our understanding of our core operating performance. Free cash flows is a non-GAAP financial measure and is defined as cash flows from operations less capital expenditures. We believe these measures are useful for investors to assess the operating performance of our business without the effect of non-recurring items. In the following tables, there could be immaterial differences in amounts presented due to rounding.

CSW Industrials (CSW) came out with quarterly earnings of $3.84 per share, beating the Zacks Consensus Estimate of $3.66 per share. This compares to earnings of $2.85 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.92%. A quarter ago, it was expected that this industrial products and coatings maker would post earnings of $2.43 per share when it actually produced earnings of $3.14, delivering a surprise of +29.22%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. CSW Industrials, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $350.65 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.96%. This compares to year-ago revenues of $263.65 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CSW Industrials shares have lost about 7.1% since the beginning of the year versus the S&P 500's gain of 6.9%. While CSW Industrials has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CSW Industrials was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.73 on $355.65 million in revenues for the coming quarter and $12.52 on $1.28 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Specialty is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Perimeter Solutions, SA (PRM), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 31. This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +10.3%. The consensus EPS estimate for the quarter has been revised 10.1% lower over the last 30 days to the current level. Perimeter Solutions, SA's revenues are expected to be $220.31 million, up 35.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CSW Industrials, Inc. (CSW) : Free Stock Analysis Report Perimeter Solutions, SA (PRM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record revenue, adjusted EBITDA, adjusted EPS, and operating cash flows for Q1 fiscal 2027. Consolidated organic revenue growth of 5.3% with all three segments contributing. Adjusted EBITDA margin expanded 290 basis points to 29% due to favorable product mix, pricing actions, and synergy realization. Mars Parts acquisition exceeded synergy expectations, with run-rate cost synergies now at $13 million and a 30% EBITDA margin achieved two quarters in a row. Strong balance sheet with net debt-to-EBITDA leverage reduced to 2.37x, providing flexibility for capital allocation. Higher interest expense of $12.7 million in Q1, up from $1 million in the prior year, due to increased debt from acquisitions and share repurchases. EPS growth of 35% trailed EBITDA growth of 48% due to higher interest expense and intangible amortization. Cost inflation in raw materials, ocean freight, and domestic freight continues, partially offset by price increases. The Greco business exit within the Engineered Building Solutions segment remains ongoing, creating uncertainty. Tough year-over-year comparisons for Aspen Manufacturing in the September quarter due to a strong prior year performance and refrigerant price normalization. Here are the key highlights from the CSW Industrials Inc (NYSE:CSW) Q1 2027 earnings call, presented as Q&A pairs. Warning! GuruFocus has detected 3 Warning Sign with CSW. Is CSW fairly valued? Test your thesis with our free DCF calculator. Q: How are the recent acquisitions, particularly Mars and Aspen, performing versus expectations? A: (Joseph Arms, Chairman, CEO, and President) We are very pleased with both acquisitions. The integrations have gone very well, and we are extremely pleased with the customer reaction. Both have gone through successful ERP conversions. We have increased our run-rate cost synergy expectation for Mars to $13 million, up from the original $10 million, and we have already achieved the 30% EBITDA margin goal for Mars for two consecutive quarters, ahead of schedule. Q: What are the trends heading into fiscal Q2 regarding demand and channel inventory? A: (James Perry, Executive VP and CFO) We continue to feel very positive. June had good results, and the hot weather across the country is driving repair and replacement activity, which we now have more exposure to with the Aspen and Mars acquisitions. Regarding channel inventories, the overhang from last year has been resolved through the regular buying season, and things are in a good place. Q: Can you discuss the top-line contribution from cross-selling the broader portfolio following the Mars and Aspen acquisitions? A: (Joseph Arms, Chairman, CEO, and President) We have certainly seen some contribution. This is our second full season with Aspen, and the team is doing a good job cross-selling to existing customers. However, there is significant opportunity for this to continue to grow in years 3, 4, and 5 as it takes time for customers to turn over competitor inventory. We are getting nice wins, but there is more to come. Q: Is the Q1 price/cost cadence representative of what you expect for the rest of the year, or is higher inflation creeping in? A: (James Perry, Executive VP and CFO) Costs have bounced around. Ocean freight has been elevated due to Middle East issues, though we've seen some recent relief. Domestic trucking savings have been eaten up by higher diesel costs. Steel, aluminum, and plastic costs spiked in the spring and are now flowing through. In response, our contractor solutions team raised prices 3-5% at the beginning of July, which will help offset these elevated costs. We take a disciplined approach to pricing, giving customers plenty of notice. Q: The EBS segment margin excluding Greco was very strong at 26.2%. Is this level of mid-20% margin achievable going forward? A: (James Perry, Executive VP and CFO) That margin was a little higher than normal due to some good projects closing in the quarter. We have previously talked about a 20% margin target for this segment, and that remains appropriate for the full fiscal year as margins will bounce around based on the backlog. Longer-term, the opportunity to be well within the 20s is there, but we are not ready to commit to mid-20s yet. Q: The SRS segment had very strong organic growth. Was there any outside impact or pull-forward in Q1 that is not sustainable? A: (James Perry, Executive VP and CFO) Nothing unusual. The team is doing a great job finding demand. When energy prices are elevated, it creates a tailwind for a segment of our business. The comp was also a little softer last year. There were no one-offs or exceptional pre-buying ahead of our price increases. It was simply a good job of finding orders and executing. Q: Can you provide an update on supply chain efforts to move production to Vietnam and the impact of tariffs? A: (James Perry, Executive VP and CFO) We continue to move things to Vietnam and Thailand. Vietnam is now in the low 30s as a percent of COGS, while China is around 10%. The goal is to continue taking that down. On tariffs, things have been relatively stable. HVAC parts got a little relief, which helped us keep down the most recent price increase. The most recent tariff activity largely replaced what was there before, so there was no significant change. Q: What is the current M&A pipeline and your appetite for deals, especially after hitting key hurdles with Aspen and Mars? A: (Joseph Arms, Chairman, CEO, and President) We continue to see a robust pipeline of opportunities, particularly smaller deals. We feel we are largely through the digestion period for the larger acquisitions, and the team's success gives us high confidence. Our capital allocation rubric remains the same: we evaluate everything on risk-adjusted returns. In the past quarter, the most attractive risk-adjusted return was investing in our own stock, which is why we repurchased $23.5 million in shares. Q: Can you continue to grow the contractor solutions segment and maintain its margin given the puts and takes of price and inflation? A: (James Perry, Executive VP and CFO) The July price increase was to cover inflation, not to enhance margins. The 34% margin is premier for the industry. Margins will fluctuate seasonally, with the summer months being the high-water mark. Our goal is to grow the top line and maintain these margins, which we would be thrilled with. We are very pleased with the performance but will not commit to specific margin expansion guidance. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Newmont Corporation NEM reported second-quarter 2026 earnings of $2.06 per share compared with $1.85 in the year-ago quarter. Barring one-time items, adjusted earnings were $2.10 per share, up 46.9% from $1.43 reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05. Newmont’s revenues for the second quarter were roughly $6.12 billion, up 15.1% from the prior-year quarter. The figure missed the Zacks Consensus Estimate of $6.35 billion. The year-over-year improvement in the top line was primarily driven by higher realized gold prices, partly offset by lower gold sales volumes. Newmont Corporation price-consensus-eps-surprise-chart | Newmont Corporation Quote Newmont’s attributable gold production in the second quarter was roughly 1.29 million ounces, down 12.5% year over year. The figure surpassed our estimate of 1.23 million. The average realized price of gold rose around 33% year over year to $4,414 per ounce. The figure lagged our estimate of $4,913 per ounce. The company’s CAS for gold on a co-product basis was $1,463 per ounce, up 20.4% year over year. The figure outpaced our estimate of $1,228.8 per ounce. AISC for gold on a co-product basis increased around 21.7% year over year to $1,938 per ounce. The figure beat our estimate of $1,881 per ounce. The company ended the quarter with cash and cash equivalents of roughly $9 billion, up 45.7% year over year. At the end of the quarter, Newmont had debt of around $5.08 billion, down 28.7% year over year. Net cash provided by operating activities amounted to $2.92 billion in the reported quarter, up 22.7% from $2.38 billion in the year-ago quarter. Free cash flow increased to $2.21 billion from $1.71 billion a year earlier. Newmont remains on track to achieve its previously announced 2026 guidance. The company expects attributable gold production of approximately 5.26 million ounces. It also projects gold by-product CAS of $1,055 per ounce and gold by-product AISC of $1,680 per ounce. General and administrative expenses for 2026 are expected to be around $375 million. Reclamation and remediation accretion is projected at approximately $385 million, while exploration and advanced-project expenses are anticipated to total $525 million. Shares of Newmont have gained 44% over the past year compared with a 39.2% rise in its industry. Image Source: Zacks Investment Research NEM currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the Basic Materials space are CSW Industrials, Inc. CSW, Carpenter Technology Corporation CRS and Ternium S.A. TX. CSW Industrials is expected to report second-quarter results on July 30. The Zacks Consensus Estimate for CSW’s second-quarter earnings is pegged at $3.66 per share. It carries a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. CRS is slated to report second-quarter results on July 30. The Zacks Consensus Estimate for earnings is pegged at $3.03 per share. CRS has a Zacks Rank #1 at present. Ternium is scheduled to report second-quarter results on Aug. 4. The Zacks Consensus Estimate for TX’s second-quarter earnings is pegged at $1.06 per share. It currently carries a Zacks Rank #1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Ternium S.A. (TX) : Free Stock Analysis Report CSW Industrials, Inc. (CSW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. CSW Industrials (CSW) shares are in focus after the Board declared a regular quarterly cash dividend of $0.30 per share, payable on August 14, 2026, to shareholders of record on July 31. See our latest analysis for CSW Industrials. CSW Industrials’ share price has been under some pressure recently, with a 7 day share price return of 4.02% and a 90 day share price return of 4.54%, while the 3 year total shareholder return of 62.69% and 5 year total shareholder return of 149.84% point to much stronger longer term compounding. If this dividend update has you thinking about where else to put fresh capital to work, it could be a good moment to scan 36 power grid technology and infrastructure stocks. CSW Industrials has given back some ground over the past year even as its 3 and 5 year returns and recent dividend decision paint a strong longer term picture, so is most of the upside already booked or is there still value on the table? With CSW Industrials last closing at $282.29 against a widely followed fair value estimate of $324.57, the current price sits below that narrative benchmark and puts more focus on the assumptions sitting underneath that gap. Read the complete narrative. Want to see what is behind that long runway argument for CSW Industrials? The narrative leans on measured revenue expansion, firmer margins, and a punchy future earnings multiple. Result: Fair Value of $324.57 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the CSW Industrials story still hinges on growth that depends on acquisitions and exposure to U.S. residential HVAC and construction, which could both amplify earnings volatility. Find out about the key risks to this CSW Industrials narrative. While the consensus fair value for CSW Industrials sits at $324.57, the current valuation multiples tell a different story. CSW trades on a P/E of 41.1x, compared with 21.8x for the US Building industry and 32.5x for peers, and above an estimated fair ratio of 26.9x. That gap suggests investors are already paying a premium for CSW Industrials compared with both its sector and what the fair ratio implies the market could move toward. This may limit room for error if growth or margins come in softer than expected. See what the numbers say about this price — find out in our valuation breakdown. Mixed signals around CSW Industrials can make the story feel unclear. Consider moving quickly, reviewing the key data yourself, and weighing the 1 key reward and 2 important warning signs. If you stop with CSW Industrials, you could miss other opportunities. Use the Simply Wall St Screener to uncover fresh, data driven stock ideas. Target stronger downside protection by focusing on companies in the 82 resilient stocks with low risk scores that pair resilience with more measured risk profiles. Hunt for potential bargains using the 47 high quality undervalued stocks that highlight stocks with quality fundamentals at prices that may not fully reflect them yet. Spot dependable cash generators through the 7 dividend fortresses aimed at companies offering higher yields with a focus on income strength. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CSW. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Freeport-McMoRan Inc. FCX recorded net income of $984 million or 68 cents per share for the second quarter of 2026, up from $772 million or 53 cents per share in the year-ago quarter. Barring one-time items, adjusted earnings per share were 74 cents, up around 37% year over year from 54 cents. The figure topped the Zacks Consensus Estimate of 62 cents. Revenues declined around 7.3% year over year to approximately $7.03 billion. The figure surpassed the Zacks Consensus Estimate of $6.47 billion. Lower copper and gold volumes were partly offset by significantly higher realized metal prices. Freeport-McMoRan Inc. price-consensus-eps-surprise-chart | Freeport-McMoRan Inc. Quote Copper production fell around 18.4% year over year to 786 million pounds in the reported quarter. Consolidated copper sales declined approximately 30.1% year over year to 710 million pounds. The fall primarily resulted from lower operating rates at PTFI during the phased ramp-up of the Grasberg Block Cave underground mine. The company sold 123,000 ounces of gold in the quarter, down 76.4% year over year. Freeport also sold 25 million pounds of molybdenum, up 13.6% from the prior-year quarter. Consolidated average unit net cash costs per pound of copper were $1.97, up around 74.3% from $1.13 a year ago. The figure missed our estimate of $2.12 per pound. The average realized copper price was $6.17 per pound, up around 35.9% year over year. The figure exceeded our estimate of $6.05 per pound. The average realized gold price rose around 37.3% year over year to $4,520 per ounce. The figure marginally lagged our estimate of $4,536.26. The average realized molybdenum price was $28.75 per pound, up around 36.3% year over year. It surpassed our estimate of $27.73. Cash and cash equivalents at the end of the quarter were $4.1 billion, down around 9.1% year over year. Total debt was roughly $9.4 billion, up modestly from $9.25 billion at the end of the year-ago quarter. Cash flows provided by operating activities were $2 billion in the reported quarter, down around 6.7% year over year. Capital expenditures totaled $1.1 billion compared with $1.26 billion in the prior-year quarter. For full-year 2026, consolidated sales volumes are expected to 3.1 billion pounds of copper, 650,000 ounces of gold and 93 million pounds of molybdenum. This includes projected third-quarter sales of 750 million pounds of copper, 160,000 ounces of gold and 22 million pounds of molybdenum. Consolidated average unit net cash costs are expected to average $1.90 per pound of copper for 2026, including $2 per pound in the third quarter. Freeport also projects full-year operating cash flows of $8.3 billion and capital expenditures of around $4.3 billion. Shares of Freeport have gained 45.8% over the past year compared with a 58.2% rise in its industry. Image Source: Zacks Investment Research FCX currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Basic Materials space are CSW Industrials, Inc. CSW, Carpenter Technology Corporation CRS and Ternium S.A. TX. CSW Industrials is expected to report second-quarter results on July 30. The Zacks Consensus Estimate for CSW’s second-quarter earnings is pegged at $3.66 per share. It carries a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. CRS is slated to report second-quarter results on July 30. The Zacks Consensus Estimate for earnings is pegged at $3.03 per share. CRS has a Zacks Rank #1 at present. Ternium is scheduled to report second-quarter results on Aug. 4. The Zacks Consensus Estimate for TX’s second-quarter earnings is pegged at $1.06 per share. It currently carries a Zacks Rank #1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Ternium S.A. (TX) : Free Stock Analysis Report CSW Industrials, Inc. (CSW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

RPM International (RPM) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.72%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $0.37 per share when it actually produced earnings of $0.57, delivering a surprise of +54.05%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. RPM International, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $2.23 billion for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 2.06%. This compares to year-ago revenues of $2.08 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. RPM International shares have lost about 2.4% since the beginning of the year versus the S&P 500's gain of 9.7%. While RPM International has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for RPM International was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.92 on $2.23 billion in revenues for the coming quarter and $5.94 on $8.23 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Specialty is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. CSW Industrials (CSW), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30. This industrial products and coatings maker is expected to post quarterly earnings of $3.66 per share in its upcoming report, which represents a year-over-year change of +28.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. CSW Industrials' revenues are expected to be $340.56 million, up 29.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RPM International Inc. (RPM) : Free Stock Analysis Report CSW Industrials, Inc. (CSW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Steel Dynamics, Inc. STLD reported second-quarter 2026 adjusted earnings of $3.80 per share, up from $2.01 in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of $3.67. The company reported second-quarter earnings of $3.69 per share, which included a $16 million non-cash asset impairment charge tied to relocating its second planned aluminum recycled slab center from Arizona to Columbus, MS. Net sales in the second quarter rose around 33.4% year over year to $6,092 million. The metric surpassed the Zacks Consensus Estimate of $5,438 million. Steel Dynamics, Inc. price-consensus-eps-surprise-chart | Steel Dynamics, Inc. Quote Net sales from steel operations were $4,006 million in the reported quarter, up around 22.3% year over year. STLD registered record steel shipments of roughly 3.74 million tons, up about 11.7% from the prior-year quarter. Shipments also topped the consensus estimate of 3.65 million tons. STLD’s steel operations reported an average external product selling price of $1,298 per ton, up from $1,134 per ton in the year-ago quarter. The figure beat the consensus estimate of $1,270.53 per ton. Net sales from metals recycling operations were $654 million in the quarter, up around 25.1% year over year. STLD registered ferrous shipments of approximately 1.67 million gross tons, up roughly 4.8% from the prior-year quarter. The figure outpaced the consensus estimate of 1.60 million gross tons. The company’s steel fabrication operations reported sales of around $394 million, up approximately 15.6% year over year. Steel Dynamics recorded fabrication shipments of 161,010 tons in the quarter, up around 19% from the year-ago period. The figure beat the consensus estimate of 152,000 tons. Steel Dynamics ended the quarter with cash and cash equivalents of $567.7 million, up around 23.9% year over year. Long-term debt was approximately $4.18 billion, up roughly 10.6% from the prior-year period. The company generated cash flow from operations of $427.9 million in the reported quarter, up around 41.9% year over year. The company remains optimistic that domestic steel and aluminum consumption will stay strong through the remainder of 2026 and into 2027, supported by improving customer sentiment, stronger order activity, better pricing, domestic trade actions, manufacturing reshoring and infrastructure investments. Steel backlogs and lead times have extended, while customer inventory levels remain below historical norms. Steel Dynamics also continues to advance the commissioning of its aluminum flat-rolled products mill. The third cold mill was undergoing commissioning, with commercial operations expected to begin in August 2026. Management expects aluminum volumes and profitability to improve sharply in the second half of 2026 as utilization and yields rise and startup costs subside. Shares of Steel Dynamics have gained 74.3% over the past year compared with a 59.4% rise in its industry. Image Source: Zacks Investment Research STLD currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Basic Materials space are CSW Industrials, Inc. CSW, Carpenter Technology Corporation CRS and Ternium S.A. TX. CSW Industrials is expected to report second-quarter results on July 30. The Zacks Consensus Estimate for CSW’s second-quarter earnings is pegged at $3.66 per share. It carries a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. CRS is slated to report second-quarter results on July 30. The Zacks Consensus Estimate for earnings is pegged at $3.03 per share. CRS has a Zacks Rank #1 at present. Ternium is scheduled to report second-quarter results on August 4. The Zacks Consensus Estimate for TX’s second-quarter earnings is pegged at $1.06 per share. It currently carries a Zacks Rank #1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Ternium S.A. (TX) : Free Stock Analysis Report CSW Industrials, Inc. (CSW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research