Welcome to our dedicated page for Carlisle Companies news (Ticker: CSL), a resource for investors and traders seeking the latest updates and insights on Carlisle Companies stock.
Carlisle Companies Inc. (CSL) is a global diversified firm engaged in the design, manufacture, and marketing of a wide range of products catering to a broad array of niche markets. These include commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, foodservice, healthcare, and sanitary maintenance.
Organized into two principal segments, Carlisle Construction Materials and Carlisle Weatherproofing Technologies, the company offers an extensive portfolio that includes moisture protection products, protective roofing underlayments, integrated air and vapor barriers, spray polyurethane foam and coating systems, among others. The Carlisle Construction Materials segment represents the bulk of the company's revenue, with more than half of their total revenue generated in the United States.
Known for its innovative approach, Carlisle Companies excels in delivering product solutions that address the unique challenges faced by its customers. This dedication is reflected in the diverse range of industries they serve and their continued focus on quality and customer service.
In 2013, Carlisle Companies had net sales of $2.9 billion, showcasing the significant impact of their global team of employees. The company's strategic direction is driven by decentralized operating units, each led by entrepreneurial management teams committed to enhancing the Carlisle brand's value.
Recent achievements and ongoing projects further underline Carlisle's commitment to excellence. Among these, the development of advanced roofing and weatherproofing technologies stands out, ensuring that the company remains a key player in the commercial building industry.
Carlisle Companies (NYSE:CSL) announced its participation in the upcoming Baird Industrial Conference at The Ritz-Carlton in Chicago on November 12, 2024. The company's leadership team, including Chair, President and CEO Chris Koch, CFO Kevin Zdimal, and VP of Investor Relations Mehul Patel, will be presenting at the event.
Interested parties can access the presentation materials through the Events and Presentations section of Carlisle's corporate website.
Carlisle Companies (NYSE:CSL) announced that its Board of Directors has declared a quarterly dividend of $1.00 per share. The dividend will be paid on December 2, 2024, to shareholders who are recorded as holders at the close of business on November 15, 2024.
Carlisle Companies (NYSE:CSL) reported strong Q3 2024 results with record diluted EPS of $5.30 and adjusted EPS of $5.78, up 24% year-over-year. Revenue increased 6% to $1.3 billion, with operating margin at 23.7% and record Q3 adjusted EBITDA margin of 27.6%. Carlisle Construction Materials (CCM) grew revenue 9% with record 32.8% adjusted EBITDA margin, while Carlisle Weatherproofing Technologies (CWT) faced headwinds in residential markets with a 3% revenue decline. The company repurchased 1.1 million shares for $466 million, increased quarterly dividend by 18%, and announced the acquisition of Plasti-Fab.
Carlisle Companies Incorporated (NYSE:CSL) has announced a definitive agreement to acquire Plasti-Fab, a leading provider of expanded polystyrene (EPS) insulation products, for $259.5 million in cash. This acquisition aligns with Carlisle's Vision 2030 strategy and is expected to establish the company as an industry leader in the $1.5B North American EPS insulation market.
Key highlights of the acquisition include:
- Purchase price represents 6.7x adjusted EBITDA for the twelve months ended August 31, 2024, inclusive of run-rate cost synergies
- Plasti-Fab generated revenue of $109 million for the twelve months ended August 31, 2024
- Expected to add approximately $0.30 of adjusted earnings per share in 2025
- Anticipated annual cost synergies of $14 million within the first three years
- Expands Carlisle's geographic presence in Canada and the Midwestern United States
The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
Carlisle Companies Incorporated (NYSE:CSL) has announced that it will release its third quarter 2024 results on Thursday, October 24, 2024, after the market close. The company has scheduled a conference call at 5pm ET on the same day to discuss the results. Investors can access the call via webcast at www.carlisle.com/investors/events-and-presentations or by telephone.
Carlisle Companies is a leading supplier of innovative building envelope products for energy-efficient buildings. The company operates through its building products businesses: Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). Carlisle is committed to generating superior shareholder returns, maintaining a balanced capital deployment approach, and achieving net-zero greenhouse gas emissions by 2050.
Carlisle Companies Incorporated (NYSE:CSL) announces that Henry, a Carlisle Company, has been named The Home Depot's Building Materials Partner of the Year for 2024. This marks the second time Henry has received this award in three years, having also been recognized in 2022.
Chris Koch, Chair, President and CEO, expressed pride in Henry's achievement, highlighting it as a testament to their collaboration in expanding partnerships across multiple building materials categories. The award aligns with Carlisle's Vision 2030 strategy to maximize the potential of their building products portfolio.
Henry has contributed to Carlisle's innovation efforts with The Home Depot, introducing products like Henry Blueskin VPTech, an integrated air barrier and continuous insulation solution, and Henry Roof Guard Urethane Enhanced waterproof roof coating. Carlisle Companies Incorporated is committed to delivering innovative, labor-reducing, and environmentally responsible products while aiming for net-zero greenhouse gas emissions by 2050.
Carlisle Companies Incorporated (NYSE:CSL), a leading supplier of innovative building products, has released a presentation highlighting a campus tour of its Carlisle, PA facility. The presentation, available on the company's website, provides an overview of Carlisle's Vision 2030 strategy and insights into its CCM and CWT businesses.
Carlisle specializes in building envelope products for energy-efficient buildings through its Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT) divisions. The company focuses on delivering innovative, labor-reducing, and environmentally responsible solutions to customers. Carlisle is committed to generating superior shareholder returns, maintaining a balanced capital deployment approach, and achieving net-zero greenhouse gas emissions by 2050.
Carlisle Companies (NYSE: CSL) announced its Board of Directors has approved an 18% increase in the regular quarterly dividend from $0.85 to $1.00 per share. This increase brings the annualized dividend to $4.00 per share. The dividend is payable on September 3, 2024, to shareholders of record as of August 20, 2024. Chris Koch, Chair, President, and CEO, highlighted that this marks the 48th consecutive annual increase, demonstrating Carlisle’s strong free cash flow generation and commitment to returning capital to shareholders.
Carlisle Companies (NYSE:CSL) reported strong Q2 2024 results, with diluted EPS of $5.94 and adjusted EPS of $6.24, up 33% year-over-year. Revenue increased 11% to $1.5 billion, driven by strong performance in the Construction Materials (CCM) and Weatherproofing Technologies (CWT) segments. The company achieved record operating margin of 26.0% and adjusted EBITDA margin of 28.8%.
Carlisle completed the sale of its Interconnect Technologies business for $2.025 billion, finalizing its pivot to a pure-play building products company. The company also acquired MTL for $410 million, expanding its presence in the architectural metal category. Based on strong performance and positive market dynamics, Carlisle raised its 2024 outlook to approximately 12% revenue growth and 150 basis points of adjusted EBITDA margin expansion.
Carlisle Companies Incorporated (NYSE:CSL) has announced several leadership changes in its finance organization, effective August 1, 2024. The changes include:
- John Calogero becoming Senior VP of Special Projects for Carlisle Construction Materials (CCM)
- Stephen Aldrich promoted to CFO of CCM
- Andrew Easton named VP and Chief Accounting Officer
- Cory Walter promoted to VP of Internal Audit
These changes aim to strengthen and enhance the global finance team, leveraging deep experience and a track record of success. The announcement highlights the company's commitment to developing top finance talent and providing growth opportunities within the organization.
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