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CSW Industrials sees 2023 revenue growth of 20% y-o-y, two est. $752.2M
The Fly

CSW Industrials sees 2023 revenue growth of 20% y-o-y, two est. $752.2M

CEO Joseph Armes continued, "We delivered impressive operating leverage as EBITDA grew by 47% on 26% growth in revenue, while also generating $33.0 million in free cash flow, equal to 19% of revenue. In light of the strength of our fiscal year-to-date results, we expect year-over-year revenue growth of approximately 20% with an EBITDA margin of over 22% for the full year. These full-year expectations imply fourth quarter revenue growth of approximately 9% as compared to the same period last year, with an EBITDA margin of approximately 23% in the fourth quarter."

Published first on TheFly

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