CSW Industrials (CSW) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and CSW Industrials published the results on October 29, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. CSW Industrials reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• CSW Industrials' fiscal year ends March 31, so Q2 fiscal 2027 is the quarter ended September 30, 2026.
• CSW acquired MARS Parts on November 4, 2025 for $658.1 million, so the year-ago quarter does not include it; MARS added $50.5 million of Contractor Solutions revenue in Q2 fiscal 2027. Segment revenues include intersegment sales, eliminated in the last row.

Source: CSW Industrials Q2 fiscal 2027 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How CSW Industrials splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• CSW Industrials's Contractor Solutions revenue was $286 million in Q2 fiscal 2027, up 37% from $208 million in Q2 fiscal 2026, 79% of total revenue.
• CSW Industrials's Specialized Reliability Solutions revenue was $49.5 million in Q2 fiscal 2027, up 28% from $38.8 million in Q2 fiscal 2026, 14% of total revenue.
• CSW Industrials's Engineered Building Solutions revenue was $28.4 million in Q2 fiscal 2027, down 11% from $31.9 million in Q2 fiscal 2026, 8% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

CSW Industrials gives no numeric revenue or earnings guidance. Its release carries the CEO's qualitative outlook.

In its Q2 fiscal 2027 release (Joseph B. Armes, Chairman, President and CEO), CSW Industrials said:

“Our optimistic outlook for the remainder of fiscal 2027 is unchanged.”

“We expect to deliver sustained organic revenue growth in excess of the markets we serve.”

“We may have some short-term margin headwinds due to recent cost increases, but we remain confident in our long-term ability to achieve adjusted EBITDA growth in excess of our revenue growth as well as strong cash flow conversion.”

Source: CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CSW forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net revenues and diluted EPS attributable to CSW, each as first reported in that quarter's release.

CSW Industrials's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Oct 29, 2026

CSW Industrials had revenue of $361.4 million in Q2 fiscal 2027, up $84.5 million or 30.5%. Acquisitions made over the last twelve months contributed $56.3 million, or 20.3%, and organic revenue rose $28.2 million, or 10.2%, with growth in Contractor Solutions and Specialized Reliability Solutions partly offset by lower revenue in Engineered Building Solutions. (CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026)

Contractor Solutions, which makes products mainly for residential and commercial HVAC/R, plumbing and electrical work, is most of the business: segment revenue of $285.8 million, up 37.1%. The MARS Parts acquisition added $50.5 million, or 24.2%, and organic revenue rose 12.9% from higher unit volumes and pricing actions. The segment's operating margin fell to 24.4% from 25.6% because of raw material inflation and higher ocean and domestic freight. (CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026; CSW Industrials Form 10-Q, Q2 fiscal 2027, Oct 29, 2026)

Specialized Reliability Solutions revenue was a record $49.5 million, up 27.6%, split between 12.7% organic growth and 14.9% from acquisitions, with revenue up in all end markets. Engineered Building Solutions fell 11.1% to $28.4 million because of the plan to sell Greco U.S. and exit Greco Canada; without Greco the segment grew 2.4% to $22.7 million. (CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026)

CSW sells into HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining and rail transportation, in over 100 countries. Its customer base is spread out: no single customer represented 10% or more of net revenues in fiscal 2026. (CSW Industrials Form 10-Q, Q2 fiscal 2027, Oct 29, 2026; CSW Industrials Form 10-K, fiscal 2026, May 26, 2026)

CSW Industrials earned $2.90 per diluted share in Q2 fiscal 2027, up 20.3% from $2.41, and Adjusted EPS rose 23.6% to $3.66 from $2.96. Net income attributable to CSW was $47.3 million. Adjusted EPS adds back amortization of acquisition-related intangible assets and inventory step-up, worth $0.94 a share before a $0.23 tax effect, and $0.05 of acquisition integration expenses. (CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026)

Net interest expense rose to $12.5 million from $1.3 million because of the Term Loan A and higher revolver borrowings used for acquisitions and buybacks. Operating income was $75.5 million, a 20.9% margin against 20.5%, and the effective tax rate was 24.1%, against 26.4%. (CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026)

Diluted weighted average shares were 16,333 thousand, against 16,842 thousand a year earlier, and CSW spent $29 million on share repurchases in the first half of fiscal 2027. It declared a quarterly dividend of $0.30 per share, its thirty-first consecutive quarterly dividend. (CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

CSW Industrials does not publish numeric revenue or EPS guidance. In the Q2 fiscal 2027 release CEO Joseph B. Armes said its outlook for the rest of fiscal 2027 is unchanged, that it expects organic revenue growth above its end markets, and that recent cost increases may bring short-term margin headwinds. (CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026)

CSW reports its leverage against a stated target. It repaid $91 million of debt in the quarter, bringing net debt to $734 million and net leverage under its credit facility to 2.10x, inside its target range of 1 to 3x. (CSW Industrials Q2 fiscal 2027 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover CSW Industrials, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones CSW Industrials's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CSW is on is CSW a buy or a sell?, what analysts expect next is on the CSW forecast, and what the company does is on the CSW Industrials (CSW) stock page.

Every number on this page can be traced to a document CSW Industrials published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.