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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) announced the retirement of Nicholas J. Shears as Group President of Carlisle Construction Materials LLC, effective September 30, 2022, after 38 years with the company. His retirement aligns with a February 2022 realignment of the construction materials business, which includes new leadership with Steve Schwar and Frank Ready stepping into key roles. Chris Koch, CEO, thanked Shears for his contributions and noted his role in advancing the company’s strategic initiatives, particularly Vision 2025.
Carlisle Companies Incorporated (NYSE:CSL) announced a 39% increase in its quarterly dividend, raising it from $0.54 to $0.75 per share, marking a significant milestone as the largest increase in 25 years. This change reflects the company’s strong financial health and commitment to shareholder returns, with dividends scheduled for payment on September 1, 2022, to shareholders recorded by August 18, 2022. This is the 46th consecutive year of dividend increases, showcasing Carlisle’s strategic focus on sustainable growth and robust capital allocation.
Carlisle Companies (NYSE: CSL) reported record revenues of $1.85 billion for Q2 2022, marking a 57% year-over-year increase and 42% organic growth. GAAP diluted EPS reached $5.62, a 217.5% rise compared to the previous year. The company benefitted from strong demand in commercial construction and energy-efficient solutions, effectively offsetting inflation through pricing actions. Operating income surged to $410.6 million, up 206.9%. Carlisle raised its full-year sales growth expectation to 40%, driven by solid performances in its Construction Materials and Weatherproofing divisions.
Carlisle Companies Incorporated (NYSE:CSL) is set to release its second quarter 2022 results on July 27, 2022, after market close. A conference call will take place at 5pm ET on the same day. Interested parties can access the call via webcast or by phone. Carlisle is focused on providing innovative building envelope products and energy-efficient solutions, as part of its strategic plan, Vision 2025, aimed at enhancing shareholder value.
Carlisle Companies (NYSE:CSL) has announced a dividend of $0.54 per share, to be paid on June 1, 2022, for shareholders recorded as of the close of business on May 17, 2022. The company focuses on providing innovative and energy-efficient building products, aiming to support sustainable construction. Through its strategic Vision 2025 plan, Carlisle is dedicated to enhancing shareholder returns while balancing capital deployment with investments, strategic acquisitions, and share repurchases.
Carlisle Companies (NYSE:CSL) reported record revenues of $1.5 billion for Q1 2022, a 45% organic increase year-over-year. The company achieved a GAAP Diluted EPS of $3.67 and an Adjusted Diluted EPS of $4.26, marking a 209% rise from last year. Strong demand in re-roofing, effective pricing strategies, and successful integration of the Henry acquisition contributed to these results. Despite challenges from supply chain disruptions, Carlisle anticipates continued revenue growth and has returned $125 million to shareholders through buybacks.
Carlisle Companies Incorporated (NYSE:CSL) will release its first quarter 2022 financial results on April 28, 2022, after market close. A conference call to discuss these results is scheduled for 5 PM ET on the same day, accessible via webcast and telephone. Carlisle is recognized for its innovative building envelope products and energy-efficient solutions. The company aims to enhance shareholder returns through its Vision 2025 strategic plan, focusing on investments, acquisitions, share repurchases, and increasing dividends.
Lawson Products, Inc. has appointed Matt Boyce as the new Senior Vice President of Corporate Development. With over 15 years of experience in corporate development, Boyce will spearhead acquisition and integration initiatives to enhance growth across Lawson, TestEquity, and Gexpro Services. Chairman J. Bryan King expressed confidence in Boyce's capabilities, noting his previous success in M&A strategies. Boyce aims to strengthen the companies' positions in their markets and increase long-term shareholder value.
Carlisle Companies (NYSE:CSL) has announced the receipt of $125 million in cash from CentroMotion, related to the post-closing earn-out following the sale of Carlisle Brake and Friction (CBF) on August 2, 2021. This complete payment is expected to bolster Carlisle's focus on expanding its building products segment. CEO Chris Koch expressed satisfaction with the transaction, highlighting its benefits for both Carlisle and CentroMotion in the industrial market.
Carlisle Companies Incorporated (NYSE:CSL) announced key executive changes, appointing Kevin P. Zdimal as Vice President and Chief Financial Officer, effective March 1, 2022, succeeding Robert M. Roche. Zdimal brings over 25 years of experience within the company. Additionally, Kelly Kamienski has been promoted to Vice President and Chief Accounting Officer. Carlisle introduced a new segment structure for its construction materials businesses, emphasizing sustainability in the Building Envelope market, reflecting a strategic focus for future growth.
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