Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Analyst’s Disclosure: I/we have a beneficial long position in the shares of CME. CSL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alph ...

Carlisle Companies Incorporated (CSL) has been witnessing solid momentum in the Construction Materials segment, supported by the healthy demand for reroofing products. Strength in the non-residential construction market in the United States and Europe, driven by inventory normalization and growing re-roof activity as a result of pent-up demand, has been driving the segment’s performance. The company expects the segment’s revenues to increase in the mid-single digit in fourth-quarter 2024 from the year-ago p ...

Carlisle Companies Incorporated (CSL) recently announced that it has signed a definitive deal to acquire ThermaFoam. The financial terms of the transaction have been kept under wraps. The latest deal is a testimony to Carlisle’s intention of becoming a pure-play building products company.Based in Dallas/Fort Worth, TX, ThermaFoam is engaged in manufacturing and fabricating molded polystyrene. The company caters to the commercial, residential and infrastructure construction sectors under its ThermaFoam and P ...

Carlisle Companies Incorporated (CSL) recently completed the acquisition of the expanded polystyrene (EPS) insulation segment of PFB Holdco, Inc., a portfolio unit of The Riverside Company. The EPS insulation segment comprises primarily of the Plasti-Fab and Insulspan brands (jointly known as Plasti-Fab). The transaction was valued at $259.5 million in cash.Based in Calgary, Alberta, Plasti-Fab offers EPS insulation products to the residential, commercial and infrastructure construction markets in Canada an ...

Carlisle Companies Incorporated (CSL) has been benefiting from strength in the Construction Materials segment, driven by the solid demand for reroofing products. Growing re-roof activity and inventory normalization in the non-residential construction market have been driving the segment’s performance. Driven by the strength across its businesses, CSL projects revenues to increase 10% in 2024 from the year-ago level.The company remains focused on acquiring businesses to gain access to new customers, regions ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .If I had a dollar for every time someone had asked me this question, I would finally be able to buy both my dream car and my dreamAnalyst’s Disclosure: I/we have a beneficial long position in the shares of TPL, LB, RTX, UNP, CSL, REXR, GE, EXR, AM, CP, LHX either through stock o ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . On October 25, I wrote an article about three of my investments that reported fantastic earnings and highlighted why earnings season is such a challenging time for active traders. Analyst's Disclosure: I/we have a beneficial long position in the shares of CSL, LMT, RTX, LHX eit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO _____. Commission file number 1-9278 www.carlisle.com CARLISLE COMPANIES INCORPORATED (Exact name of registrant as specified in its charter) Dela ...

Carlisle Companies Incorporated (CSL) reported third-quarter 2024 adjusted earnings of $5.78 per share, which beat the Zacks Consensus Estimate of $5.77. The bottom line increased 23.5% year over year. Carlisle's total revenues of $1.33 billion missed the consensus estimate of $1.38 billion. Nevertheless, the top line increased 5.9% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. CSL's Segmental Discussion Carlisle has divested its Carlisle Interconnect Technologies ...

Financial Data and Key Metrics Changes - Carlisle reported third quarter sales of $1.3 billion, reflecting a 6% year-over-year growth despite challenges in the residential market and the impact of two major hurricanes [6][26] - Adjusted EPS increased by 24% to $5.78, while adjusted EBITDA margin expanded by 60 basis points year-over-year to 27.6%, indicating strong profitability [6][26] - The company slightly lowered its full-year 2024 revenue growth outlook to approximately 10% due to ongoing challenges in residential markets [12][30] Business Line Data and Key Metrics Changes - The Construction Materials segment (CCM) achieved revenues of $998 million, up 9% year-over-year, driven by strong reroofing demand and inventory normalization [26] - The Commercial Water Treatment segment (CWT) experienced a 3% decline in revenues to $335 million, primarily due to weaker residential markets and expected price declines [27] Market Data and Key Metrics Changes - Industry sales for CCM were estimated to be up about 3% in Q3, with the company performing at the higher end of that range [39] - The residential market remains under pressure, with new housing activity slowing due to higher interest rates and affordability challenges [9][27] Company Strategy and Development Direction - Carlisle's Vision 2030 strategy focuses on energy efficiency, labor-saving solutions, and capturing a larger share of the reroofing market, with a commitment to tripling R&D investments [10][15] - The company aims to enhance its building envelope portfolio through strategic acquisitions, with a healthy pipeline of opportunities identified [17][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, anticipating stabilization post-election and potential interest rate cuts that could positively impact the market [38] - The company remains confident in achieving its Vision 2030 goals of $40 EPS and 25% ROIC, supported by strong cash flow and a solid balance sheet [33][34] Other Important Information - Carlisle repurchased 1.1 million shares for $466 million in Q3, bringing the year-to-date total to $1.2 billion, reflecting a commitment to returning capital to shareholders [11][29] - The company declared an 18% increase in dividends, marking the 48th consecutive annual increase [11] Q&A Session Summary Question: Industry sales and volume outlook for CCM - Management indicated that industry sales were up about 3% in Q3, with expectations for stabilization in 2025 despite current economic uncertainties [36][39] Question: Contribution of pricing to CCM margins - Pricing was neutral for CCM in the quarter, with margin expansion driven by operational efficiencies rather than price increases [46] Question: Impact of hurricanes on construction demand - The hurricanes had a neutral impact on overall demand, with some short-term disruptions expected but potential recovery in 2025 [47][62] Question: R&D investment ramp-up - R&D spending is expected to increase gradually, aiming for 3% of sales by 2030, with a steady increase of about 50 basis points per year [48][49] Question: CWT market outlook and investments - Management highlighted ongoing investments in share gain initiatives and product development, with expectations for recovery in the residential and repair markets [60][64]