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CSW INDUSTRIALS CSW Industrials Reports Fiscal 2022 Second Quarter and First Half Results ; Provides Fiscal 2022 Second Half Guidance DALLAS , November 3 , 2021 ( GLOBE NEWSWIRE ) -- CSW Industrials , Inc. ( Nasdaq : CSWI or the " Company " ) today reported results for the fiscal 2022 second quarter and first half periods ended September 30 , 2021 . Fiscal 2022 Second Quarter Highlights ( comparisons to fiscal 2021 second quarter ) • • Total revenue increase of 48 % to $ 155.6 million , compared to $ 104.9 million Organic revenue growth of 15 % , or $ 15.4 million , all segments report organic growth GAAP net income attributable to CSWI ( net of non - controlling interest in the joint venture ) of $ 18.0 million , compared to $ 16.4 million , no adjustments in either period Diluted EPS attributable to CSWI increased to $ 1.14 , compared to $ 1.10 Growth of 33 % in EBITDA to $ 33.8 million , with a 22 % EBITDA margin • Net cash provided by operating activities of $ 23.8 million • • • Pandemic - driven operating reductions at TRUaire manufacturing facility in Vietnam during the fiscal second quarter negatively impacted profitability by $ 1.4 million , equivalent to $ 0.07 of diluted EPS ; facility is returning to full operations Maintained balance sheet strength with leverage ratio , in accordance with our credit facility , of approximately 1.5x debt to EBITDA Fiscal 2022 First Half Highlights ( comparisons to fiscal 2021 first half ) Increase in total revenue of 62 % to $ 316.9 million , compared to $ 195.9 million Organic revenue growth of 27 % , or $ 52.1 million , all segments reported organic growth GAAP net income attributable to CSWI of $ 38.0 million , or $ 41.0 million adjusted to exclude the final TRUaire purchase accounting effect , compared to $ 28.3 million , in prior year period Diluted EPS attributable to CSWI increased 26 % to $ 2.41 , compared to $ 1.91 Growth of 36 % in adjusted diluted EPS attributable to CSWI to $ 2.60 , compared to $ 1.91 Growth of 66 % in adjusted EBITDA to $ 74.3 million , with a 23 % adjusted EBITDA margin • Net cash provided by operating activities of $ 42.8 million TRUaire Vietnam Manufacturing Facility Update As reported in August , strict local COVID protocols required that the number of employees on - site at the TRUaire manufacturing facility in Vietnam be reduced . As these restrictions relaxed in recent weeks , approximately 900 team members returned to the TRUaire facility , bringing the on - site operations to approximately 1,150 team members , producing key items for shipment to the United States . On average during August and September , nine containers per week were shipped , which compares with 22 containers in the week ended October 29 , 2021. We anticipate a return to full operations , or approximately 36 containers per week by the end of November 2021. The strategic production decisions made , in conjunction with our TRUaire