CSW Industrials Increases Quarterly Dividend 13% to $0.17 Per Share, Provides Update… | News

DALLAS, April 14, 2022 (GLOBE NEWSWIRE) — The board of directors of CSW Industrials, Inc. (Nasdaq: CSWI) today declared a regular quarterly cash dividend of $0.17 per share. This represents an increase of $0.02 per share, or approximately 13%, over the dividend declared in the prior quarter. The dividend is payable on May 13, 2022 to shareholders of record at the close of business on April 29, 2022.

During the fourth quarter of fiscal 2022, CSWI repurchased 121,940 shares for an aggregate purchase price of $14.0 million under its current $100 million share repurchase authorization announced on October 30, 2020. CSWI launched the inaugural share buyback program in the third quarter of fiscal 2018 and since then has cumulatively returned $95.4 million to shareholders through the purchase of 1, 5 million shares.

“We are pleased to announce another increase to our quarterly dividend and to provide an update on our share buyback program, which together demonstrate our continued commitment to disciplined capital allocation. Over the past four years, we have returned $121.1 million in cash to our shareholders, while growing organically and through acquisitions,” said Joseph B. Armes, Chairman, President and Chief Executive Officer. management of CSW Industrials.

About CSW Industrials CSW Industrials is a diversified, growth-oriented industrial company with leading businesses in three segments: Contractor Solutions, Engineered Building Solutions and Specialty Reliability Solutions. CSWI provides value-added niche 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, Architectural Specification Building Products, Energy, Mining and Rail. For more information, please visit www.cswindustrials.com.

Safe Harbor Statement This press release contains 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”, “expect”, “could”, “intend”, “plan”, “anticipate”, “estimate”, “believe”, “expects”, “predicts” or other similar expressions are intended to identify forward-looking statements, which include, but are not limited to, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments regarding 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. These 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 anticipated in these 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 undertake no obligation to update any forward-looking statement except as required by law.

Investor Relations Adrianne D. Griffin Vice President, Investor Relations and Treasurer 214-489-7113 adrianne.griffin@cswi.com

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