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) has scheduled its fourth quarter 2024 earnings release for Tuesday, February 4, 2025, after market close. The company will host 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 phone using the domestic toll-free number (800-549-8228) or international number (646-564-2877) with Conference ID 68568. An audio replay will be available on the company's website after the call.
Carlisle is a leading supplier of building envelope products focusing on energy-efficient buildings through its divisions Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). The company emphasizes shareholder returns through balanced capital deployment and has committed to achieving net-zero greenhouse gas emissions by 2050.
Carlisle Companies (NYSE:CSL) has announced a definitive agreement to acquire ThermaFoam, a Texas-based manufacturer of expanded polystyrene insulation products. Founded in 1978 and located in Dallas/Fort Worth, ThermaFoam serves commercial, residential, and infrastructure construction markets through its ThermaFoam and PowerFoam brands. The acquisition aligns with Carlisle's Vision 2030 strategy and its pivot towards becoming a pure play building products company. The deal is expected to close in Q1 2025, building upon Carlisle's recent Plasti-Fab acquisition while expanding its EPS capabilities, retail channel growth, and geographic presence in Texas and South Central US.
Carlisle Companies (NYSE:CSL) has completed the acquisition of Plasti-Fab, an EPS insulation segment of PFB Holdco, for $259.5 million in cash. Plasti-Fab, headquartered in Calgary, Alberta, is a leading provider of EPS insulation products with eight manufacturing facilities in Canada and three in the United States, serving commercial, residential, and infrastructure construction markets.
The acquisition aligns with Carlisle's Vision 2030 strategy and meets its four core M&A tenets: organic growth potential, identified cost synergies, strong management team, and integration capabilities. This strategic move strengthens Carlisle's position as a supplier of innovative building envelope products for energy-efficient buildings through its CCM and CWT divisions.
Carlisle Companies (NYSE:CSL) has announced the promotion of Susan Wallace to Vice President & Chief Human Resources Officer. Wallace, who joined Carlisle Construction Materials in April 2019 as Human Resources Director and became Vice President of Human Resources in February 2024, brings 30 years of experience in human resources, including expertise in organizational effectiveness and talent development from her previous role at TE Connectivity.
In her new position, Wallace will report directly to CEO Chris Koch and oversee all aspects of the company's employee experience, developing HR programs aligned with Carlisle's Vision 2030 objectives. Carlisle Companies is a leading supplier of building envelope products focused on energy-efficient buildings through its divisions Carlisle Construction Materials and Carlisle Weatherproofing Technologies.
Carlisle Companies (NYSE:CSL) has been named among the 'Most Honored Companies' in Extel's 2024 All-America Executive Team rankings, securing top positions in 7 out of 8 categories within the large cap Homebuilding & Building Products industry. This marks the second consecutive year of recognition. The achievement reflects the company's successful implementation of its Vision 2030 value creation strategy and commitment to transparent investor communications. The Extel survey, considered an industry benchmark, involved 3,703 investment community members who evaluated 1,435 companies.
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.
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