CSW Industrials, Inc.

At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during today's conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn this conference over to your host, Adrienne Griffin, Vice President of Investor Relations. Thank you. You may begin.

Thank you, Laura. Good morning, everyone, and welcome to CSW Industrials Fiscal Fourth Quarter 2021 Earnings Call. Joining me today are Joseph Arms, Chairman, Executive Officer, and President of CSW Industrials, and James Perry, Executive Vice President and Chief Financial Officer. We issued our earnings release, presentation, and Form 10-K prior to the market's opening today, and all are available on the investor portion of our website at www.cswindustrials.com. This 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 identified in 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 Arms.

Thank you, Adrienne. Good morning, and thank you for joining our fiscal fourth quarter conference call. Last April, amidst a difficult and highly uncertain macroeconomic backdrop, we articulated four guiding objectives, which included treating our employees well, serving our customers well, effectively managing our supply chains, and thus positioning the company for sustainable long-term success. With these in mind, we began fiscal 2021 well-positioned to successfully navigate near-term uncertainty with a clear objective of emerging as an even stronger company. Today, I'm pleased to announce that in fiscal 2021, by many measures, our team delivered CSWI's best ever year. Our achievements were enabled by the strength of our diversified business model and resulted from our team's tireless work and dedication, coupled with strategic, disciplined allocation of capital. During the last year, we executed on all aspects of our capital allocation strategy, including inorganic investments via the acquisition of TruAir and the formation of the Whitmore Shell Joint Venture, the return of $15.4 million to shareholders through share repurchases and dividends, and an $8.8 million investment in organic growth capital expenditures. Additionally, we reported impressive fiscal fourth quarter and full year revenue growth record full-year adjusted EPS of $3.37, and adjusted EBITDA of $91.6 million. Subsequent to the fiscal year end, we increased our quarterly cash dividend by 11.1% to 15 cents per share, indicating confidence in our fiscal 2022 outlook. Today, we announced the execution of a new five year 400 million dollar revolving credit facility providing 168 million of effective availability based upon the amount borrowed as of the fiscal year end further strengthening our balance sheet and providing capital for future inorganic growth opportunities i will now turn the call over to james who will discuss our fourth quarter and full year results thank you joe good morning everyone during the fiscal fourth quarter