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CSW INDUSTRIALS • CSW Industrials Reports Fiscal 2022 First Quarter Results with Record Quarterly Revenue and EPS DALLAS , August 4 , 2021 ( GLOBE NEWSWIRE ) -- CSW Industrials , Inc. ( Nasdaq : CSWI or the " Company " ) today reported results for the fiscal 2022 first quarter ended June 30 , 2021 . Fiscal First Quarter 2022 Highlights ( comparisons to prior year fiscal first quarter ) • Increase in total revenue of 77 % to $ 161.3 million , compared to $ 91.0 million • • • Organic revenue growth of 40 % , or $ 36.8 million , all segments reported organic growth GAAP net income attributable to CSWI ( after subtracting the non - controlling interest in the joint venture ) of $ 20.0 million , or $ 23.0 million adjusted to exclude the final TRUaire purchase accounting effect EPS attributable to CSWI increased 57 % to $ 1.27 , compared to $ 0.81 Growth of 80 % in adjusted EPS attributable to CSWI to $ 1.46 , compared to $ 0.81 Growth of 108 % in adjusted EBITDA to $ 40.5 million , with a 25 % adjusted EBITDA margin Net cash provided by operating activities of $ 18.9 million Maintained balance sheet strength with leverage ratio , in accordance with our credit facility , of less than -1.5x Effective April 1 , 2021 , CSWI strategically revised reportable segments to better align with business management , performance assessment , capital allocation , and approach to end markets served Joseph B. Armes , CSW Industrials ' Chairman , President , and Chief Executive Officer , commented , " We are extraordinarily pleased to report our fiscal first quarter consolidated results . Specifically , adjusted earnings per share of $ 1.46 , representing 80 % growth over the prior year period , exceeded expectations . Although profitability among our three segments was inconsistent , all three segments delivered organic revenue growth , highlighted by our Contractor Solutions segment , which demonstrated robust outperformance of the end markets served , reporting 54 % organic growth and 121 % total growth , including significant contribution from the TRUaire acquisition we consummated in December of last year . " Armes continued , " The decisive actions we took last year to acquire TRUaire , increase inventory levels of key products , and diversify our supply chains , while protecting employment for our team members , all directly contributed to the results that we report today . We expect the demand for our innovative , reliable products to translate into ongoing strength in top line growth . While short - term inflation , primarily in raw materials and transportation , is having a modest impact on near - term profit margins , our sustained and sharp focus on customer service , supplemented by disciplined price actions amid an accelerating economic recovery , serves to support our guiding objective of delivering sustainable long - term growth and profitability . " Following the completion of various strategic transactions , including the acquisition of TRUaire and the formation of the Whitmore joint venture ( JV ) with Shell Lubricants , CSWI is now organized into three reportable segments ( each of which has multiple brand names within the companies listed below ) :