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 published its 2023 Corporate Sustainability Report, detailing their progress on sustainability goals through a three-pillar strategy and the Carlisle Operating System. Key achievements include generating over $3.2 billion in revenue from energy-efficient products, which constitutes 70% of the company's revenues. Carlisle also significantly reduced its Scope 1 & 2 emissions by over 21% and Scope 3 emissions by over 12% from the 2021 base year. Additionally, Carlisle surpassed its initial goal of diverting 1 million tons of landfill waste through recycling efforts and has set a new target of 2 million tons by 2030. Further details are available on Carlisle's official website.
Carlisle Companies (NYSE: CSL) will release its Q2 2024 results on July 24, 2024, after market close, followed by a conference call at 5pm ET. The call can be accessed via webcast or telephone. Carlisle is a significant player in the building envelope products sector, focusing on energy efficiency through its Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT) divisions. The company is committed to superior shareholder returns, strategic acquisitions, share repurchases, and dividend increases. Carlisle aims to achieve net-zero greenhouse gas emissions by 2050.
Amphenol (NYSE: APH) has finalized the acquisition of the Carlisle Interconnect Technologies (CIT) business from Carlisle Companies Incorporated (NYSE: CSL). This acquisition aims to enhance Amphenol's offerings in engineered interconnect solutions for harsh environments, targeting commercial air, defense, and industrial markets. The CIT business is projected to contribute $900 million in sales and a 20% adjusted EBITDA margin for the full year 2024. Additionally, the acquisition is expected to increase Amphenol's 2024 earnings per share by approximately $0.02, excluding acquisition-related costs. This figure will adjust to $0.01 per share following the company's recently announced 2-for-1 stock split.
Carlisle Companies (NYSE: CSL) has announced the completion of the sale of Carlisle Interconnect Technologies (CIT) to Amphenol (NYSE: APH). Carlisle is known for its innovative building products and solutions aimed at energy efficiency. The company operates through its main divisions, Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). Carlisle emphasizes shareholder returns through balanced capital deployment, strategic acquisitions, share repurchases, and dividend increases. Additionally, the company aims to achieve net-zero greenhouse gas emissions by 2050.
Carlisle Companies Incorporated (NYSE: CSL) has elected Robin J. Adams as the new Lead Independent Director, succeeding Gregg A. Ostrander. Adams, a Director since 2009, brings extensive experience in industrial business attributes and corporate governance. The company remains focused on its Vision 2030 strategies under Adams' leadership.
Carlisle Companies Incorporated (NYSE:CSL) plans to invest over $45 million to expand its Research & Innovation Center in Carlisle, Pennsylvania. The expansion aims to accelerate new product development, increase annual revenue, and align with Carlisle's Vision 2030 strategy. The center will add 50,000 sq ft of lab space, work areas, and equipment stations, doubling the current research space. The investment reflects a commitment to growth, innovation, and sustainability.
Carlisle Companies Incorporated (NYSE:CSL) has completed the acquisition of MTL Holdings for $410 million in cash. MTL is a leading provider of prefabricated metal systems and architectural wall panels for commercial, institutional, and industrial buildings. The acquisition aligns with Carlisle's Vision 2030 strategy and focus on building products, innovation, talent retention, and sustainability.
Carlisle Companies Incorporated (CSL) has declared a regular quarterly dividend of $0.85 per share, payable on June 3, 2024, to shareholders of record on May 20, 2024.
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