Latest news with #CSW
Yahoo
2 days ago
- Business
- Yahoo
A Look Back at HVAC and Water Systems Stocks' Q1 Earnings: CSW (NASDAQ:CSWI) Vs The Rest Of The Pack
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at hvac and water systems stocks, starting with CSW (NASDAQ:CSWI). Many HVAC and water systems companies sell essential, non-discretionary infrastructure for buildings. Since the useful lives of these water heaters and vents are fairly standard, these companies have a portion of predictable replacement revenue. In the last decade, trends in energy efficiency and clean water are driving innovation that is leading to incremental demand. On the other hand, new installations for these companies are at the whim of residential and commercial construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 9 hvac and water systems stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 2.1% while next quarter's revenue guidance was 0.7% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. With over two centuries of combined operations manufacturing and supplying, CSW (NASDAQ:CSWI) offers special chemicals, coatings, sealants, and lubricants for various industries. CSW reported revenues of $230.5 million, up 9.3% year on year. This print fell short of analysts' expectations by 1%. Overall, it was a slower quarter for the company with a slight miss of analysts' EBITDA estimates. Unsurprisingly, the stock is down 3% since reporting and currently trades at $305.10. Is now the time to buy CSW? Access our full analysis of the earnings results here, it's free. Backed by two million square feet of lab testing space, AAON (NASDAQ:AAON) makes heating, ventilation, and air conditioning equipment for different types of buildings. AAON reported revenues of $322.1 million, up 22.9% year on year, outperforming analysts' expectations by 10.9%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. AAON pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems unhappy with the results as the stock is down 19.2% since reporting. It currently trades at $73.61. Is now the time to buy AAON? Access our full analysis of the earnings results here, it's free. Originally started as a farm water drainage company, Advanced Drainage Systems (NYSE:WMS) provides clean water management solutions to communities across America. Advanced Drainage reported revenues of $615.8 million, down 5.8% year on year, falling short of analysts' expectations by 6.8%. It was a disappointing quarter as it posted a miss of analysts' Infiltrators revenue estimates and full-year revenue guidance missing analysts' expectations significantly. Advanced Drainage delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 6.7% since the results and currently trades at $113.58. Read our full analysis of Advanced Drainage's results here. Based in Texas and founded over a century ago, Lennox (NYSE:LII) is a climate control solutions company offering heating, ventilation, air conditioning, and refrigeration (HVACR) goods. Lennox reported revenues of $1.07 billion, up 2.4% year on year. This number topped analysts' expectations by 4.6%. It was a very strong quarter as it also put up an impressive beat of analysts' organic revenue estimates and a decent beat of analysts' EPS estimates. The stock is down 3.8% since reporting and currently trades at $537.47. Read our full, actionable report on Lennox here, it's free. Founded by the inventor of air conditioning, Carrier Global (NYSE:CARR) manufactures heating, ventilation, air conditioning, and refrigeration products. Carrier Global reported revenues of $5.22 billion, down 3.7% year on year. This print was in line with analysts' expectations. Overall, it was a very strong quarter as it also logged a solid beat of analysts' EBITDA estimates. Carrier Global pulled off the highest full-year guidance raise among its peers. The stock is up 12% since reporting and currently trades at $69.96. Read our full, actionable report on Carrier Global here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
San Francisco Chronicle
3 days ago
- Politics
- San Francisco Chronicle
Religious leaders released from Nicaraguan prison say their experience only strengthens their faith
God's message didn't immediately make sense to pastor José Luis Orozco. But when U.S. efforts resulted in his release from a Nicaraguan prison a few months later, everything became clear. 'The Lord had told me: 'Don't be afraid, José Luis. A wind will blow from the north, your chains will break and the doors will open,'' the pastor said from his new home in Austin, Texas. By September 2024, he had spent nine months behind bars. With 12 other Nicaraguan members of the Texas-based evangelical Christian organization Mountain Gateway, he faced charges like money laundering and illicit enrichment. Just like them, other faith leaders had been imprisoned during a crackdown that organizations, such as Human Rights Watch, have said are attacks on religious freedom. Orozco thought his innocence would eventually surface. So when the U.S. government announced that it had secured his release along with other political prisoners, he wasn't completely surprised. 'That's when I understood,' the pastor said. 'God was telling me he would act through the United States.' In the hours following the announcement, 135 Nicaraguans were escorted to Guatemala, where most sought paths to settle in other countries. Why did Nicaragua imprison religious leaders? Tensions between President Daniel Ortega and Nicaraguan faith leaders began in 2018, when a social security reform sparked massive protests that were met with a crackdown. Relations worsened as religious figures rejected political decisions harming Nicaraguans and Ortega moved aggressively to silence his critics. Members of Catholic and Evangelical churches have denounced surveillance and harassment from the government. Processions aren't allowed and investigations have been launched into both pastors and priests. CSW, a British-based group that advocates for religious freedom, documented 222 cases affecting Nicaraguans in 2024. 'Religious persecution in Nicaragua is the cruelest Latin America has seen in years,' said Martha Patricia Molina, a Nicaraguan lawyer who keeps a record of religious freedom violations. 'But the church has always accomplished its mission of protecting human life.' Spreading the gospel Orozco was the first member of his family to become evangelical. He felt called to the ministry at age 13 and convinced relatives to follow in his footsteps. He began preaching in Managua, urging different churches to unite. His experience became key for Mountain Gateway's missionary work. Founded by American pastor Jon Britton Hancock, it began operating in Nicaragua in 2013. CSW had warned that religious leaders defending human rights or speaking critically of the government can face violence and arbitrary detention. But Hancock and Orozco said their church never engaged in political discourse. While maintaining good relations with officials, Mountain Gateway developed fair-trade coffee practices and offered disaster relief to families affected by hurricanes. By the time Orozco was arrested, his church had hosted mass evangelism campaigns in eight Nicaraguan cities, including Managua, where 230,000 people gathered with the government's approval in November 2023. An unexpected imprisonment Orozco and 12 other members of Mountain Gateway were arrested the next month. 'They chained us hand and foot as if we were high-risk inmates,' he recalled. 'None of us heard from our families for nine months.' The prison where he was taken hosted around 7,000 inmates, but the cells where the pastors were held were isolated from the others. The charges they faced weren't clarified until their trial began three months later. No information was provided to their relatives, who desperately visited police stations and prisons asking about their whereabouts. 'We still had faith this was all a confusion and everything would come to light,' Orozco said. 'But they sentenced us to the maximum penalty of 12 years and were ordered to pay $84 million without a right to appeal.' Preaching in prison Fasting and prayer helped him endure prison conditions. Pastors weren't given drinking water or Bibles, but his faith kept him strong. 'The greatest war I've fought in my Christian life was the mental battle I led in that place,' Orozco recalled. Guards didn't prevent pastors from preaching, so they ministered to each other. According to the pastor, they were mocked, but when they were released, a lesson came through. 'That helped them see that God performed miracles,' he said. 'We always told them: Someday we'll leave this place.' Molina said that several faith leaders who fled Nicaragua have encountered barriers imposed by countries unprepared to address their situation. According to the testimonies she gathered, priests have struggled to relocate and minister, because passports are impossible to obtain, and foreign parishes require documents that they can't request. But Orozco fared differently. He shares his testimony during the services he leads in Texas, where he tries to rebuild his life. 'I arrived in the United States just like God told me,' the pastor said. 'So I always tell people: 'If God could perform such a miracle for me, he could do it for you too.'' Laymen were targets too Onboard the plane taking Orozco to Guatemala was Francisco Arteaga, a Catholic layman imprisoned in June 2024 for voicing his concerns over Ortega's restrictions on religious freedom. 'After 2018, when the protests erupted, I started denouncing the abuses occurring at the churches,' Arteaga said. 'For example, police sieges on the parks in front of the parishes.' Initially, he relied on Facebook posts, but later he joined a network of Nicaraguans who documented violations of religious freedom throughout the country. 'We did not limit ourselves to a single religious aspect,' said Arteaga, whose personal devices were hacked and monitored by the government. 'We documented the prohibitions imposed on processions, the fees charged at church entrances and restrictions required inside the sanctuaries.' Arteaga witnessed how police officers detained parishioners praying for causes that were regarded as criticism against Ortega. According to CSW, the government monitors religious activities, putting pressure on leaders to practice self-censorship. 'Preaching about unity or justice or praying for the general situation in the country can be considered criticism of the government and treated as a crime,' said CSW's latest report. Building a new life Prison guards also denied a Bible to Arteaga, but an inmate lent him his. It was hard for him to go through the Scripture, given that his glasses were taken away after his arrest, but he managed to read it back-to-back twice. 'I don't even know how God granted me the vision to read it,' said Arteaga, who couldn't access his diabetes medicine during his imprisonment. 'That gave me strength.' He eventually reunited with his wife and children in Guatemala, where he spent months looking for a new home to resettle. He recently arrived in Bilbao, Spain, and though he misses his country, his time in prison shaped his understanding of life. 'I've taken on the task, as I promised God in prison, of writing a book about faith,' Arteaga said. 'The title will be: 'Faith is not only believing.''
Associated Press
09-06-2025
- Business
- Associated Press
CSW Industrials Announces the Commencement of Trading on the New York Stock Exchange and Ticker Symbol Change
Published [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] DALLAS, June 09, 2025 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NYSE: CSW) (the 'Company') today announced the commencement of trading of the Company's common stock on the New York Stock Exchange ('NYSE') under the new ticker symbol, 'CSW'. Trading on the NYSE will begin at market open today, June 9, 2025. CSW's Executive Management Team and Board of Directors will be in New York City this afternoon to ring the closing bell at the NYSE in celebration of joining the world's largest stock exchange. About CSW Industrials CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. The Company provides niche, value-added 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, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit . Investor Relations Alexa Huerta Vice President Investor Relations, & Treasurer 214-489-7113 [email protected]
IOL News
03-06-2025
- Health
- IOL News
eThekwini Municipality allocates R10 million for urgent repairs at Durban landfill sites
The eThekwini Municipality landfill sites will receive much needed repairs following the March 2025 floods in Durban. Image: File The eThekwini Municipality will spend R10 million to repair March 2025 storm-related damage at the Bisasar Road and Buffelsdraai landfill sites. The municipality stated that work has begun at Buffelsdraai, but none have yet begun at Bisasar Road in Clare Estate, where a contractor is being sourced by the Cleansing and Solid Waste Unit (CSW). In a report by CSW, it stated that infrastructure has been compromised and that these landfills are required by law to have waste disposal areas operated to prevent negative impacts such as odour, toxic leachate waters being formed from rainfall infiltration, and landfill gas migration, etc. The CSW stated that the repairs are deemed critical based on the damage requiring urgent attention. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading The sites were damaged because of rapid runoff coupled with the saturated soils from the rains that had resulted in these landfill sites experiencing flash flooding, which not only overwhelmed the site's infrastructure, but resulted in damages to leachate (toxic waste waters) systems, access erosion and consequential damage to landfill, and extraction pipework infrastructure. The report stated that CSW engineers have applied a due diligence assessment and categorised the site as bordering on unsafe and requiring a competent contractor/s to make the safe works and mitigate further negative impacts, noting that site teams have exhausted options internally to make good areas with temporary fixes. Other works will entail specialist works on leachate containment and landfill gas infrastructure, in which tenderers' attention to functionality will be needed. The report stated that failure to conduct repairs will result in pollution to the environment and a reduction in the waste management service standard for the ratepayers. Alicia Kissoon, eThekwini Ward 23 councillor, said residents surrounding Clare Estate raised concerns about the strong odours emanating from the Bisasar Road. Following interventions from CSW, Kissoon said that the landfill gas system is operational, pipe repairs have been completed, and an internal toolbox talk was conducted to ensure that staff avoid the recently damaged area, especially during wet weather. 'The removal of standing uncovered waste and the backlog of waste cover caused by recent flood events is ongoing. The odour control spray system has been ramped up, and operational staff hours have been extended to ensure continued maintenance of control systems. I will continue to monitor the situation and maintain open lines of communication with the department to ensure further mitigation and accountability,' she said. At a recent council meeting, Sunitha Maharaj, Minority Front councillor, said the Bisasar Road landfill site should have been decommissioned and rehabilitated as it has surpassed its lifespan. 'We support all measures to make landfill sites safe. It may or may not be common knowledge that this site poses serious environmental and health risks. Despite numerous requests from the affected community over the years to close the site, it remains open,' Maharaj said.
Time of India
25-05-2025
- Time of India
Two bomb threat calls spark panic in Vijayawada
Vijayawada: Two bomb threat calls caused panic in Vijayawada on Saturday. In the first case, an unknown person claimed a bomb was planted near the LIC building on Besant Road. Police, along with bomb and dog squads, conducted thorough searches. According to Prasada Rao, DCP, city security wing (CSW), an unidentified caller claimed that a bomb was planted near the LIC building on the busy Besant Road. The call, made to the police control room, sent security forces into high alert. Responding swiftly, the Governorpet police, along with bomb disposal and dog squads, rushed to the scene and cordoned off the area. Several shops in and around the LIC building were temporarily closed as a precautionary measure until 11 am, while the teams conducted thorough checks. Prem Kumar, ACP, CSW, who oversaw the operation, stated that five teams, comprising around 20 personnel, were formed to carry out extensive searches across the Besant Road. "All precautionary protocols were followed and shops were shut briefly to ensure safety. The area has now been cleared, and normal business activities have resumed," ACP confirmed. The incident caused considerable alarm among shopkeepers and morning commuters, many of whom gathered in confusion as police intensified checks. In a parallel development, another call was made about a bomb threat at the Vijayawada Railway Station, one of the busiest transit points in Andhra Pradesh. Police confirmed that unidentified individuals called in, alleging the presence of explosives at the station. Bomb disposal squads were immediately dispatched to the station, where checks are currently underway. Police have confirmed no discovery of any suspicious objects in either locations so far. While both threats are suspected to be a hoax, police are treating them with utmost seriousness. An investigation is underway to trace the origin of the calls. Cyber teams are examining phone records and surveillance footage to identify the individuals responsible. Speaking to the media, senior police officials urged the public not to panic but to remain alert and report any suspicious activity. "Creating fear through such hoax calls is a punishable offence under the Indian law. Strict action will be taken once the culprits are identified," officials warned.
