CSW Industrials, Inc. (NASDAQ:CSWI) Q2 2024 Earnings Call Transcript

Joseph Armes: Well, it could. I think that our commitment to our shareholders all along has been to invest on a risk-adjusted returns basis. And so that presupposes that we are going to have demand for that capital investment. And so as we have said a couple of quarters now that the ramp up has been a little slower than anticipated, and so the capital is going to be a little slower than anticipated. We need to fully utilize the existing capacity before we add more. And we just think that’s the prudent thing to do and good stewardship of our investors’ capital.

Julio Romero: Very good. Thanks a lot guys. I appreciate it.

Joseph Armes: Thanks, Julio.

Operator: Thank you. This concludes our question-and-answer session. I’d like to turn the conference back over to the management team for closing remarks.

Joseph Armes: Great. Thank you, Rocco. We sure appreciate everyone joining us today and look forward to our next conversation next quarter. Thank you.

Operator: Thank you, sir. This concludes today’s conference call. We thank you all for attending today’s presentation. You may now disconnect your lines, and have a wonderful day.