Carlisle - CSL STOCK NEWS

Carlisle Companies (NYSE:CSL) reported Q4 2024 results with revenue of $1.1 billion, down 0.4% year-over-year, while delivering record full-year diluted EPS of $18.34 and adjusted EPS of $20.20, up 30% from 2023. The company achieved Q4 operating margin of 19.9% and adjusted EBITDA margin of 25.1%.

Despite challenging macroeconomic conditions affecting the construction industry, including higher interest rates and weather impacts, Carlisle completed strategic acquisitions including Plasti-Fab and deployed $1.6 billion in share repurchases during 2024. The company's full-year revenue grew 9% with record adjusted EBITDA margin of 26.6%.

For 2025, Carlisle projects mid-single-digit revenue growth and approximately 50 basis points of adjusted EBITDA margin expansion, supported by solid re-roofing demand and recent acquisitions.

Carlisle Companies (NYSE:CSL) has completed the acquisition of ThermaFoam, a Texas-based expanded polystyrene insulation manufacturer. The acquisition aligns with Carlisle's Vision 2030 strategy to become a pure play building products company and follows their recent Plasti-Fab acquisition.

ThermaFoam, based in the Dallas/Fort Worth area, produces expanded polystyrene insulation products for commercial, residential, and infrastructure construction markets. This strategic move expands Carlisle's geographic presence in Texas and the South Central United States while leveraging their vertically integrated expanded polystyrene capabilities.

Carlisle Companies (NYSE:CSL) has announced the election of Sheryl D. Palmer to its Board of Directors, effective immediately. Palmer, who currently serves as President, CEO, and Chairman of Taylor Morrison Home , brings over 35 years of cross-functional industry experience in the building sector. Her expertise spans land acquisition, sales and marketing, development, and operations management.

Palmer's background includes senior leadership roles at Blackhawk Corp. and Pulte Homes/Del Webb She is also actively involved in non-profit organizations supporting homeless families and building industry talent development, and serves on the Executive Committee of the Joint Center for Housing Studies of Harvard University.

The appointment aligns with Carlisle's Vision 2030 initiatives, as the company continues its focus on innovative building envelope products and solutions for energy-efficient buildings through its subsidiaries Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT).

Carlisle Companies (NYSE:CSL) has announced that its Board of Directors has declared a regular quarterly dividend of $1.00 per share. The dividend will be paid on March 3, 2025, to shareholders who are recorded as holders of the company's stock at the close of business on February 18, 2025.

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.