Financial Performance - Carlisle reported revenue of $1.1 billion for the first quarter of 2025, essentially flat year-over-year, with diluted EPS of $3.13[57] - Operating income for the company decreased to $183.6 million, with an operating margin of 16.8%, down from 20.5% in the previous year[63] - Gross profit decreased by 3.3% to $385.7 million, with a gross margin of 35.2%[65] - Net income for Q1 2025 was $143.3 million, down from $192.3 million in Q1 2024, with income from continuing operations at $140.1 million compared to $170.9 million[82] - Adjusted EBITDA for Q1 2025 was $238.4 million, a decrease from $265.5 million in Q1 2024, resulting in an adjusted EBITDA margin of 21.8% compared to 24.2%[82] - EBIT for Q1 2025 was $183.4 million, down from $225.5 million in Q1 2024, with adjusted EBIT at $190.6 million compared to $226.6 million[82] Revenue Segments - Revenues for Carlisle Construction Materials segment increased by 1.9% to $798.5 million, primarily due to higher sales in the non-residential construction end-market[72] - The Carlisle Weatherproofing Technologies segment saw a revenue decrease of 5.0% to $297.3 million, attributed to lower sales in the residential construction end-market[74] - Recent acquisitions contributed $50 million in revenue during the first quarter, with expectations that these acquisitions will exceed original synergy projections[60] Cash Flow and Investments - Operating cash flow for Q1 2025 was $1.8 million, a decrease of $161.7 million compared to Q1 2024, primarily due to lower income from continuing operations and higher working capital uses[78] - Cash used in investing activities was $78.9 million in Q1 2025, mainly for the purchase of ThermaFoam ($52.9 million) and capital expenditures ($29.0 million)[79] - Cash used in financing activities totaled $456.4 million in Q1 2025, primarily for share repurchases ($400.0 million) and cash dividends ($45.2 million)[80] Strategic Focus - Carlisle raised its 2025 share repurchase target from $800 million to $1 billion, having repurchased 1.2 million shares for $400 million in the first quarter[61] - Research and development expenses increased by 16.3% to $10.7 million, reflecting a commitment to innovation and new product development[67] - The company plans to continue focusing on strategic acquisitions and product development to enhance competitive positioning in the market[84] Market Conditions - The company expects a low-single-digit increase in commercial roofing volumes driven by re-roofing demand, while residential volumes are anticipated to decrease low-single-digits due to buyer uncertainty and affordability challenges[59] - There were no material changes in the company's market risk for the three months ended March 31, 2025[85] - The company anticipates potential impacts on future performance due to various external factors, including competition, economic conditions, and geopolitical events[84] Working Capital - The company reported a significant increase in working capital uses, with accounts receivable up by $29.1 million and accounts payable by $28.1 million compared to the previous year[78] - The provision for income taxes decreased by 20.5% to $34.9 million, reflecting lower pre-tax income[70]

Carlisle Companies Incorporated (CSL) reported first-quarter 2025 adjusted earnings of $3.61 per share, which surpassed the Zacks Consensus Estimate of $3.53. However, the bottom line decreased 3% year over year.Carlisle’s total revenues of $1,096 million narrowly missed the consensus estimate of $1,101 million. The top line inched down 0.1% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)CSL's Segmental DiscussionCarlisle has divested its Carlisle Interconnect Techn ...

First Quarter 2025 Earnings Call April 23, 2025 Forward Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as "expect," "foresee," "anticipate," "believe," "project," "should," "estimate," "will," "plans," "intends," "forecast," and similar expressions, and reflect our expectations concerning the future. Such statements are made b ...

Carlisle Companies Incorporated (NYSE:CSL) Q1 2025 Earnings Conference Call April 23, 2025 5:00 PM ET Company Participants Mehul Patel - VP, IR Chris Koch - Chair, President & CEO Kevin Zdimal - CFO Conference Call Participants Tim Wojs - Baird Susan Maklari - Goldman Sachs Bryan Blair - Oppenheimer Garik Shmois - Loop Capital Adam Baumgarten - Zelman & Associates David MacGregor - Longbow Research Keith Hughes - Truist Mehul Patel Good afternoon, everyone. Welcome to Carlisle's First Quarter 2025 Earnings ...

Core Insights - Carlisle (CSL) reported revenue of $1.1 billion for the quarter ended March 2025, reflecting a slight decline of 0.1% year-over-year and a negative surprise of -0.46% compared to the Zacks Consensus Estimate [1] - The company's EPS was $3.61, down from $3.72 in the same quarter last year, but exceeded the consensus estimate of $3.53 by +2.27% [1] Revenue Performance - Carlisle Weatherproofing Technologies (CWT) generated revenues of $297.30 million, which was below the average estimate of $317.84 million, marking a year-over-year decline of -5% [4] - Carlisle Construction Materials (CCM) reported revenues of $798.50 million, surpassing the average estimate of $783.03 million, with a year-over-year increase of +1.9% [4] Adjusted EBIT Analysis - Adjusted EBIT for Carlisle Construction Materials (CCM) was $194.90 million, exceeding the average estimate of $186.16 million [4] - Adjusted EBIT for Corporate and unallocated was -$25.30 million, slightly better than the average estimate of -$25.99 million [4] - Adjusted EBIT for Carlisle Weatherproofing Technologies (CWT) was $21 million, which fell short of the average estimate of $30.25 million [4] Stock Performance - Over the past month, shares of Carlisle have returned +1.9%, contrasting with a -6.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - Carlisle (CSL) reported quarterly earnings of $3.61 per share, exceeding the Zacks Consensus Estimate of $3.53 per share, but down from $3.72 per share a year ago, indicating a 2.27% earnings surprise [1][2] Financial Performance - The company posted revenues of $1.1 billion for the quarter ended March 2025, which was a miss by 0.46% compared to the Zacks Consensus Estimate, and remained unchanged from the previous year's revenues [2] - Over the last four quarters, Carlisle has surpassed consensus EPS estimates three times and topped consensus revenue estimates only once [2] Stock Performance - Carlisle shares have declined approximately 3.6% since the beginning of the year, while the S&P 500 has seen a decline of 10.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $6.96 on revenues of $1.52 billion, and for the current fiscal year, it is $22.31 on revenues of $5.26 billion [7] - The trend of estimate revisions for Carlisle is mixed, which could change following the recent earnings report [6] Industry Context - The Diversified Operations industry, to which Carlisle belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Markel Group (MKL), is expected to report quarterly earnings of $18.89 per share, reflecting a year-over-year increase of 4% [9]

Exhibit 99.1 PRESS RELEASE 4/23/25 Carlisle Companies Reports First Quarter Results SCOTTSDALE, ARIZONA, April 23, 2025 - Carlisle Companies Incorporated (NYSE:CSL) today announced its first quarter 2025 financial results. Comments from Chris Koch, Chair, President and Chief Executive Officer "We are pleased with Carlisle's first quarter results. With perseverance and a commitment to achieving Vision 2030, our team overcame challenges from the continued softness in the residential construction market, the n ...

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Group 1: Company Performance - Carlisle Companies Incorporated (CSL) is experiencing growth in the Construction Materials segment, with a 2% year-over-year revenue increase in Q4 2024, driven by non-residential construction market strength in the U.S. and Europe [1] - The company anticipates mid-single-digit revenue growth for the Construction Materials segment in 2025, supported by strong contractor backlogs and customer demand [2] - The Weatherproofing Technologies segment is facing challenges, with organic revenues declining by 8% year-over-year in Q4 due to a slowdown in the residential construction market and project delays [8] Group 2: Acquisitions and Expansion - CSL acquired ThermaFoam in February 2025, enhancing its polystyrene insulation product portfolio and expanding its market presence in Texas and the South-Central U.S. [3] - The acquisition of Plasti-Fab in December 2024 strengthened CSL's position in the North American polystyrene insulation market [4] - The acquisition of MTL Holdings in May 2024 expanded customer offerings and boosted the architectural metals business [4] Group 3: Financial Management - In 2024, CSL rewarded shareholders with $172.4 million in dividends, a 7.6% increase year-over-year, and repurchased shares worth $1.59 billion, up 76.2% year-over-year [5] - The company is facing rising raw material and labor costs, with selling and administrative expenses increasing by 15.6% and cost of sales by 5.5% year-over-year in 2024 [9]

Group 1: Company Performance and Outlook - Carlisle Companies Incorporated (CSL) is expected to benefit from strong demand in the Carlisle Construction Materials segment, particularly in reroofing products and non-residential construction activity in the U.S. and Europe, with projected revenue growth in the mid-single digits for 2025 compared to the previous year [1] - The company has solidified its product portfolio through strategic acquisitions, including ThermaFoam in February 2025 and Plasti-Fab in December 2024, enhancing its offerings and market presence in the polystyrene insulation sector [2] - The acquisition of MTL Holdings in May 2024 will expand CSL's architectural metals business by adding pre-fabricated edge metal products to its portfolio [3] Group 2: Shareholder Returns - CSL has implemented shareholder-friendly policies, increasing its dividend by 18% to $1.00 per share in August 2024, and rewarding shareholders with a total dividend payment of $172.4 million in 2024, a 7.6% increase year over year [4] - The company also engaged in significant share buybacks, repurchasing shares worth $1.59 billion in 2024, which represents a 76.2% increase year over year [4] Group 3: Challenges and Costs - CSL faces challenges in the Weatherproofing Technologies segment due to lower volumes from a slowdown in the residential construction market, exacerbated by high interest rates and unfavorable weather conditions [5] - The company is dealing with rising raw material and labor costs, leading to increased direct expenses and higher selling, administrative, and R&D costs, with selling and administrative expenses rising by 15.6% and cost of sales by 5.5% year over year in 2024 [6]