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 reported record revenues for Q3 2022, reaching $1.8 billion, up 36.4% year-over-year. GAAP diluted EPS surged to $4.84, marking an 128.3% increase from last year. Key drivers included strong U.S. non-residential construction demand and interest in sustainable solutions. Share repurchases amounted to $26 million, with a total of $201 million for the year. The annual dividend rose 39% to $3.00, the 46th consecutive increase.
Despite challenges from inflation and rising interest rates, the outlook remains positive, with expected revenue growth of 35-40% for the full year.
Carlisle Companies Incorporated (NYSE:CSL) announced a special stock option grant for eligible U.S. employees and a cash award for international employees. This grant is part of Carlisle's strategy to encourage employee ownership and align their interests with the company's long-term objectives. CEO Chris Koch highlighted the dedication of employees despite recent challenges and reaffirmed commitment to Vision 2025, aimed at enhancing shareholder returns through innovative solutions in sustainable building products and energy efficiency.
Carlisle Companies Incorporated (NYSE:CSL) is set to release its third quarter 2022 results on October 27, 2022, post-market close. A conference call for discussion will take place at 5pm ET, accessible via webcast and telephone. The company emphasizes its commitment to innovative and sustainable building materials, aiming for lower greenhouse gas emissions and enhanced building resilience. Carlisle's strategic plan, Vision 2025, focuses on delivering superior shareholder returns, including strategic acquisitions and dividend increases.
Carlisle TyrFil, a leader in polyurethane flatproofing technology, announced its 2022 reforestation initiative to aid endangered forests in North America. Collaborating with American Forests, the initiative focuses on planting seedlings in Essex County, Ontario, as part of local conservation programs. The project, under the "One Tote, One Tree" campaign, will restore 218 acres, enhancing biodiversity and supporting at-risk species. This effort aligns with Carlisle's commitment to sustainable practices, reducing environmental impact through eco-friendly tire solutions.
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.
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