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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 commenced construction on its sixth TPO manufacturing line, which will produce the first 16-foot-wide TPO membranes in the commercial roofing industry. This new facility in Carlisle, PA, aims to enhance production capacity and support organic growth, aligning with Carlisle's Vision 2025 strategy. The new TPO membranes promise labor savings and improved installation quality with fewer seams and less waste. The line is expected to be operational by early 2022, further solidifying Carlisle’s position as a leader in energy-efficient building products.
Carlisle Companies (NYSE:CSL) has signed a definitive agreement to sell Carlisle Brake & Friction (CBF) to CentroMotion for $375 million. This includes $250 million in cash at closing and a potential additional $125 million based on CBF's adjusted EBITDA targets for 2021. The transaction, part of Carlisle's Vision 2025 strategy to simplify its portfolio, is set to close in Q3 2021 and aims to optimize long-term growth for CBF. In 2020, CBF generated $275.3 million in revenue. The deal reflects Carlisle's focus on expanding its building products segment.
Carlisle TyrFil announced its collaboration with American Forests to plant 300,000 tree saplings in Florida's longleaf pine forest region. The initiative is part of the One Tote, One Tree program, which has already contributed to nearly 250,000 trees being planted over the past decade. This effort addresses the decline in biodiversity caused by habitat loss, particularly affecting species like the red-cockaded woodpecker. Carlisle TyrFil emphasizes its commitment to environmental sustainability through innovative product development that reduces harmful compounds.
Carlisle Companies Incorporated (NYSE: CSL) has announced a dividend of $0.525 per share. This dividend will be payable on June 1, 2021, to shareholders recorded by the close of business on May 17, 2021. The company, headquartered in Scottsdale, Arizona, generated $4.2 billion in revenues in 2020. Carlisle is focused on delivering energy-efficient products and solutions and aims to enhance shareholder returns through strategic investments and continued dividend increases.
Carlisle Companies (NYSE:CSL) reported first quarter 2021 revenue of $1.0 billion, flat compared to Q1 2020. The diluted EPS was $0.97, while adjusted diluted EPS stood at $1.47. The company repurchased 984,000 shares for $150 million. CCM showed a 6.3% sales growth year-over-year, supported by a $60 million investment in a new Polyiso insulation facility in Missouri. Despite challenges in CIT due to the pandemic's impact on commercial aerospace, overall, Carlisle aims for a stronger recovery, leveraging its Vision 2025 strategy.
Carlisle Companies (NYSE: CSL) plans to invest over $60 million to build a new manufacturing facility in Sikeston, Missouri. This 445,000 square foot facility, the 50th for Carlisle’s Construction Materials segment, is aligned with its Vision 2025 strategy aimed at fostering organic growth and creating local jobs. The facility will produce energy-efficient polyiso insulation, enhancing supply chain efficiency and reducing carbon footprint. Construction is expected to start in summer 2021, with operations beginning in Q1 2023.
Carlisle Companies (NYSE:CSL) will announce its Q1 2021 financial results on April 22, 2021, after market close. A conference call is set for 5 PM ET on the same day to discuss these results, accessible via webcast or telephone. The company focuses on generating shareholder returns through strategic investments and acquisitions, as outlined in its Vision 2025 strategy. In 2020, Carlisle generated $4.2 billion in revenues.
Carlisle Companies (NYSE: CSL) announced the promotion of Kelly P. Kamienski to Vice President and Controller, and Titus B. Ball to Vice President, Finance for Carlisle Fluid Technologies. Chairman Chris Koch highlighted their exceptional contributions and potential for further growth as part of Carlisle's Vision 2025 strategy. Kamienski, with a strong background in accounting, will enhance financial reporting and controls, while Ball brings a decade of experience to drive progress toward a 20% long-term margin goal in his segment.
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