Carlisle Companies Releases Vision 2030 Strategy and Financial Targets
- Leveraging mega trends around energy efficiency, labor savings, and the re-roofing cycle
- Strong cash flow to drive superior returns on invested capital
- Organic revenue CAGR of over 5%
- None.
- Outlines strategy to unlock the full potential of its pure play building products portfolio
-
2030 financial targets include Adjusted EPS of
$40 + and ROIC of25% + - Leverages mega trends around energy efficiency, labor savings and the re-roofing cycle
- Above market growth driven by innovation, the Carlisle Experience and COS
“Vision 2030 presents a new chapter in Carlisle’s now 106 year journey as a company, focused on unleashing the full potential of our pure play building products portfolio with best-in-class returns,” commented Chris Koch, Chair, President and Chief Executive Officer. “Our exceptional and resilient margins have demonstrated the power of our differentiated products and solutions that we deliver through the Carlisle Experience, a compelling value proposition that resonates across end users, contractors, and distributors. As we embrace the future under Vision 2030, we are again leading the charge to upgrade our industry standards, drive above-market growth and earn a premium in the marketplace by placing even greater emphasis on innovation. Our focus on innovative, energy-efficient, and labor-saving solutions not only meets the increasing demand for green buildings but also ensures a more attractive outlook for our Company.
“We believe our track record of unlocking value in Carlisle is only just beginning to be realized by investors. We are introducing what we consider to be highly attractive and achievable financial targets through our Vision 2030 plan. Combined with a commitment to our talented team, sustainability, and a robust capital deployment approach, we have a clear path to deliver exceptional returns and firmly establish Carlisle as a preeminent investment opportunity in the building products sector.”
The Vision 2030 Value Creation Journey:
- Builds on Carlisle’s record of success and strategic pivot to a pure play building products portfolio
- Leverages mega trends around energy efficiency, labor savings and the re-roofing cycle that are expanding Carlisle’s market opportunity
- Drives innovation by investing in and enhancing the significant technical infrastructure in place to help deliver above market growth and additional price for value
- Continues to deliver a strong Adjusted EBITDA margin that has demonstrated resilience through cycles
- Produces strong cash flow to drive superior returns on invested capital
Introducing Vision 2030 Financial Targets (from Base Year 2023E):
-
Adjusted EPS growing at mid-teen CAGR to over
$40 -
ROIC remaining in excess of
25% -
Organic revenue CAGR of over
5% -
Adjusted EBITDA margin increasing to over
25% -
Free Cash Flow to Sales ratio remaining above
15%
Vision 2030 Video and Presentation
The Vision 2030 pdf presentation and approximately 50-minute Vision 2030 video are both available on the Investors section of the Company’s website at www.carlisle.com. Visitors to the site can register to view the video.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials (“CCM”) and Carlisle Weatherproofing Technologies (“CWT”) – and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System (“COS”), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as "expect," "foresee," "anticipate," "believe," "project," "should," "estimate," "will," "plans," "intends," "forecast," and similar expressions, and reflect our expectations concerning the future. Such statements are made based on known events and circumstances at the time of publication and, as such, are subject in the future to unforeseen risks and uncertainties. It is possible that our future performance may differ materially from current expectations expressed in these forward-looking statements, due to a variety of factors such as: increasing price and product/service competition by foreign and domestic competitors, including new entrants; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; our mix of products/services; increases in raw material costs that cannot be recovered in product pricing; domestic and foreign governmental and public policy changes including environmental and industry regulations; the ability to meet our goals relating to our intended reduction of greenhouse gas emissions, including our net zero commitments; threats associated with and efforts to combat terrorism; protection and validity of patent and other intellectual property rights; the identification of strategic acquisition targets and our successful completion of any transaction and integration of our strategic acquisitions; our successful completion of strategic dispositions; the cyclical nature of our businesses; the impact of information technology, cybersecurity or data security breaches at our businesses or third parties; the outcome of pending and future litigation and governmental proceedings; the emergence or continuation of widespread health emergencies such as the COVID-19 pandemic, including, for example, expectations regarding their impact on our businesses, including on customer demand, supply chains and distribution systems, production, our ability to maintain appropriate labor levels, our ability to ship products to our customers, our future results, or our full-year financial outlook; and the other factors discussed in the reports we file with or furnish to the Securities and Exchange Commission from time to time. In addition, such statements could be affected by general industry and market conditions and growth rates, the condition of the financial and credit markets and general domestic and international economic conditions, including inflation and interest rate and currency exchange rate fluctuations. Further, any conflict in the international arena, including the Russian invasion of
Non-GAAP Disclosure
Carlisle reports its financial results in accordance with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20231207830754/en/
Mehul Patel
Vice President, Investor Relations
Carlisle Companies Incorporated
(310) 592-9668
mpatel@carlisle.com
Source: Carlisle Companies Incorporated
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