CSW Industrials, Inc. (NASDAQ:CSWI) Q1 2021 Earnings Conference Call - Final Transcript

Aug 03, 2020 • 10:00 am ET

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CSW Industrials, Inc. (NASDAQ:CSWI) Q1 2021 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Greetings, and welcome to the CSW Industrials' First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]

It is now my pleasure to introduce your host, Adrianne Griffin, Vice President of Investor Relations. Thank you. You may begin.

Executive
Adrianne Griffin

Thank you, Christine. Good morning, everyone, and welcome to the CSW Industrials' fiscal first quarter 2021 earnings call. Joining me today are Joseph Armes, Chairman, Chief Executive Officer and President of CSW Industrials; and James Perry, Executive Vice President and Chief Financial Officer. We issued our earnings release and presentation prior to the market opening today, and both are available on the Investor portion of our website at www.cswindustrials.com.

During this call, we will reference specific slides in the presentation. The call is being webcast, and information on how to access the replay is included in the earnings release.

During this call, we will be making forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. Actual results could materially differ because of factors discussed today in our earnings release and in the comments made during this call, as well as the Risk Factors section of our annual report on Form 10-K and other filings with the SEC.

We do not undertake any duty to update any forward-looking statements. I will now turn the call over to Joe Armes.

Executive
Joseph B. Armes

Thank you, Adrianne. Good morning, and thank you for joining our fiscal first quarter conference call. On today's call, I will provide an update on the four guiding objectives that we presented last quarter, discuss our fiscal first quarter results, and comment on our outlook for the remainder of fiscal 2021. I will then hand the call off to James for a closer look at the numbers.

On our last call, we outlined four guiding objectives; treating our employees well; serving our customers well; and managing our supply chains effectively, thus positioning our Company for sustainable long-term success. We recognized the challenges that the pandemic has posed to many of our stakeholders, including our employees, customers and suppliers, and our focus has been on the safety, continuity of service and collaboration throughout a changing business environment.

Our success in fiscal first quarter of 2021 was directly attributable to the diligence and professionalism of each of our over 700 employees of CSWI. We have remained engaged, courageous and confident while continuing our operations with minimal disruptions. Our employee stock ownership plan, which is designed to ensure alignment, incentivizes our team members to think like owners. We thank all CSWI team members for their effort to date, as together, we work each day to ensure that CSWI emerges even stronger and better positioned for future growth.

As we outlined on Slide 4, our diversified end-market strategy, history of robust profitability, strong cash generation and resilient balance sheet, position us to capitalize on both organic and inorganic growth opportunities, while driving