CSW Industrials Deploys $40M Of Acquisition Capital In Contractor Solutions Segment For Acquisition Of PSP Products
Portfolio Pulse from Benzinga Newsdesk
CSW Industrials, Inc. (NASDAQ:CSWI) has announced the acquisition of PSP Products, Inc. for $40 million. The acquisition is expected to be accretive to earnings per share in the first full year and was funded through cash on hand and borrowings under an existing credit facility.
August 06, 2024 | 12:44 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
CSW Industrials has acquired PSP Products for $40 million, expected to be accretive to earnings per share in the first full year. The acquisition was funded through cash on hand and borrowings under an existing credit facility.
The acquisition of PSP Products is expected to be accretive to CSWI's earnings per share in the first full year, indicating a positive impact on the company's financial performance. The use of cash on hand and borrowings under an existing credit facility suggests a well-planned financial strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100