CSW Industrials, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, the company reported revenue was $83,464,000 against $76,425,000 a year ago. Operating income was $10,533,000 against $6,397,000 a year ago. Income before income taxes was $9,931,000 against $5,729,000 a year ago. Income from continuing operations was $10,609,000 against $3,323,000 a year ago. Loss from discontinued operations, net of tax was $4,270,000 against $595,000 a year ago. Net income was $6,339,000 against $2,728,000 a year ago. Diluted earnings per common share from continuing operations were $0.68 against $0.21 a year ago. Adjusted operating income from continuing operations was $11,399,000 against $10,961,000 a year ago. Adjusted net income from continuing operations was $7,936,000 against $6,753,000 a year ago. Adjusted earnings per diluted common share were $0.51 against $0.42 a year ago. Net debt at quarter end was $12.3 million. The effective tax rate on continuing operations for the quarter ended March 31, 2018, was negative 6.8%.

For the full year, the company reported revenue was $326,222,000 against $287,460,000 a year ago. Operating income was $50,714,000 against $33,126,000 a year ago. Income before income taxes was $48,247,000 against $32,160,000 a year ago. Income from continuing operations was $32,682,000 against $17,800,000 a year ago. Loss from discontinued operations, net of tax was $44,564,000 against $6,729,000 a year ago. Net loss was $11,882,000 against net income of $11,071,000 a year ago. Diluted earnings per common share from continuing operations were $2.09 against $1.12 a year ago. Net cash provided by operating activities was $43,156,000 against $39,036,000 a year ago. Capital expenditure was $5,534,000 against $6,869,000 a year ago. Adjusted operating income from continuing operations was $52,933,000 against $45,423,000 a year ago. Adjusted net income from continuing operations was $33,594,000 against $28,657,000 a year ago. Adjusted earnings per diluted common share were $2.14 against $1.81 a year ago.

The Company's effective tax rate for fiscal 2019 is expected to be in a range of 25% to 27%.