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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 announced a dividend of $0.54 per share, payable on December 1, 2021. Shareholders of record must hold their shares by the close of business on November 17, 2021. The company continues to focus on sustainable building solutions through its Construction Materials and other business segments while aiming for superior shareholder returns under its strategic plan, Vision 2025.
Carlisle Companies (NYSE:CSL) reported record third quarter revenue of $1.3 billion, a 19.4% organic increase year-over-year. Diluted EPS rose 12.8% to $2.12, with adjusted EPS increasing 27.2% to $2.99. The acquisition of Henry Company for $1.575 billion is progressing smoothly, enhancing Carlisle's portfolio in Building Products. Challenges from supply chain issues and Hurricane Ida were noted but offset by strong operational performance. Carlisle's cash flow from operations stood at $275.4 million, and they maintained their dividend for the 45th consecutive year.
Carlisle Companies Incorporated (NYSE:CSL) will release its third quarter 2021 results on October 21, 2021, after market close. The company plans to hold a conference call at 5 PM ET on the same day to discuss the results, accessible via webcast and telephone. Carlisle is recognized for its innovative Building Envelope products and energy-efficient solutions, serving diverse markets including Aerospace and Medical Technologies. The firm emphasizes shareholder returns and strategic investments under its Vision 2025 plan.
Carlisle Companies (NYSE: CSL) has priced a public offering of $300 million in 0.55% senior notes due September 1, 2023, and $550 million in 2.20% senior notes due March 1, 2032. The offering is expected to close on September 28, 2021. Proceeds will be used to repay $650 million in outstanding debt related to the acquisition of Henry Company, along with fees and general corporate purposes. J.P. Morgan, BofA Securities, and Wells Fargo are the joint book-running managers for the offering.
Carlisle Companies (NYSE:CSL) has successfully acquired Henry Company for
Carlisle Companies (NYSE:CSL) has announced a 3% increase in its regular quarterly dividend, raising it from $0.525 to $0.54 per share. This dividend is set to be paid on September 1, 2021, to shareholders of record as of August 18, 2021. This marks the 45th consecutive year of dividend increases, reflecting the company’s commitment to returning capital to shareholders and enhancing value. Carlisle, a leader in sustainable building solutions and other sectors, generated $4.2 billion in revenues in 2020.
CentroMotion has successfully completed its acquisition of Carlisle Brake & Friction (CBF) from Carlisle Companies (NYSE: CSL). This strategic acquisition enhances CentroMotion's capabilities, positioning it as a global leader in mission-critical solutions for industrial and transportation markets. CBF, founded in 1920, is the largest manufacturer of friction materials with operations in over 70 countries and 1,350 employees. The deal expands CentroMotion's portfolio, which includes other reputable brands, aiming to deliver improved safety and efficiency in demanding environments.
Carlisle Companies Incorporated (NYSE:CSL) has announced the successful completion of the sale of its subsidiary, Carlisle Brake & Friction, to CentroMotion, based in Waukesha, Wisconsin. This strategic divestiture aligns with Carlisle's focus on its core business areas within innovative Building Envelope products and energy-efficient solutions. The company emphasizes its commitment to generating superior shareholder returns and balanced capital deployment through investments, acquisitions, share repurchases, and dividend increases.
Carlisle Companies (NYSE:CSL) reported Q2 2021 revenue of $1.2 billion, a 22% increase year-over-year. Diluted EPS rose 29.2% to $1.77, while adjusted diluted EPS increased 10.8% to $2.16. The company repurchased 643,000 shares for $116 million in the quarter. Operating income improved to $133.8 million, a 16.9% increase. Carlisle announced the acquisition of Henry Company for $1.575 billion, aimed at enhancing growth in commercial construction. Despite challenges in the CIT segment, CCM's strong performance drove overall growth.
On July 19, 2021, American Securities LLC announced a definitive agreement to sell Henry Company to Carlisle Companies Incorporated (NYSE:CSL) for $1.575 billion. Henry, recognized for its building envelope systems, generated $511 million in revenue and $119 million in adjusted EBITDA for the twelve months ending May 31, 2021. The acquisition aligns with Carlisle's strategic vision and is expected to close in Q3 2021, pending customary conditions.
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