CSW closed at $292.47 as SiriusXM reported quarterly results on Oct. 29
Key Facts
SiriusXM announced its third-quarter 2026 operating and financial results on Oct. 29 and scheduled an investor call for the same day at 8 a.m. Eastern time, according to a company statement. The announcement came after the close of the Oct. 28 session, when the company’s shares ended at $27.32, compared with $27.25 in the previous session. On the same day, CSW Industrials shares closed at $292.47, down from $300.65 on Oct. 27. The two stocks’ moves put the market in view of results from companies operating in different sectors, but details of SiriusXM’s third-quarter results are not included in the disclosure available here. It is therefore not possible to confirm whether the company beat analysts’ estimates, as stated in the initial version of the report.
SiriusXM’s second-quarter 2026 results provide context for its performance ahead of the latest announcement. Consolidated revenue rose 1% year over year to $2.16 billion, while net income increased 17% to $239 million, according to the company’s filing with the U.S. Securities and Exchange Commission. Diluted earnings per share rose 23% to $0.70, from $0.57 in the second quarter of 2025. The figures reflect earnings improving faster than revenue during the period, as investors await details of the third quarter that the company announced on Oct. 29.
SiriusXM’s free cash flow posted notable growth in the second quarter, rising 48% to $593 million, compared with $402 million in the year-earlier period. In its self-pay subscription business, the company added about 22,000 subscribers during the quarter, an improvement of 90,000 year over year. The monthly churn rate for this group was about 1.4%, according to the same filing. These indicators provide a picture of cash and subscriptions before the latest results, but do not establish third-quarter performance or the outcome relative to analysts’ expectations.
The company had scheduled its investor call for Oct. 29 at 8 a.m. Eastern time, alongside the release of its third-quarter results. In the previous day’s trading, SiriusXM shares edged up from $27.25 to $27.32, while CSW Industrials shares fell from $300.65 to $292.47. The session closes provide a direct comparison of the two stocks’ performance before SiriusXM’s announcement, without by themselves establishing a causal link between the price moves and the results. The available information did not include CSW results figures or details of SiriusXM’s third-quarter performance.