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Carlisle Companies (NYSE:CSL), a diversified supplier of construction materials, stands as one of the top high-growth mid-cap stocks to buy in Q3. The company's growth strategy through acquisitions, has significantly boosted its earnings, operating margins and free cash flow since the 2020 COVID-19 pandemic. Carlisle is an incredible business that you've probably never heard of before. It operates as a manufacturer and supplier of single-ply roofing products for commercial, residential, and industrial clien ...

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 June 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) Delaware ...

Financial Data and Key Metrics Changes - The company reported sales of $1.5 billion for Q2 2024, reflecting an 11% year-over-year growth [8][41] - Adjusted EPS increased by 33% to $6.24, and adjusted EBITDA margin expanded by 220 basis points to a record 28.8% [9][69] - The company raised its full-year 2024 revenue outlook to approximately 12% growth over the prior year [1][51] Business Line Data and Key Metrics Changes - The CCM segment achieved revenues of $1.1 billion, up 15% year-over-year, driven by strong re-roofing demand and inventory normalization [28][42] - CWT revenues increased by 1% year-over-year to $362 million, supported by higher volumes and the acquisition of Polar Industries, but offset by lower pricing [43][78] Market Data and Key Metrics Changes - The company noted that the residential markets are facing affordability challenges, impacting homebuyer demand and repair and remodel activities [33] - The construction season is expected to continue positively, with revenue growth anticipated at approximately 12% for the year [34][60] Company Strategy and Development Direction - The company is focused on its Vision 2030 strategy, which emphasizes innovation, energy efficiency, and labor-saving solutions [16][52] - A $45 million investment in a new research and innovation center is planned to support the company's innovation goals [32][90] - The acquisition of MTL is seen as a strategic move to enhance the architectural metals platform and is expected to deliver significant synergies [31][63] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's future, citing strong performance and the successful execution of strategic initiatives [2][67] - The company expects to maintain double-digit EPS growth in 2024 and free cash flow margins of at least 15% [77][78] Other Important Information - The company executed $550 million in share repurchases during Q2 2024 and distributed over $40 million in dividends [14][46] - The company aims to increase R&D spending to 3% of sales by 2030 to drive innovation [17][66] Q&A Session Summary Question: Can you elaborate on the pent-up demand for re-roofing? - Management indicated that the pent-up demand is linked to previous years' prioritization of new construction over re-roofing, leading to a backlog that is now being addressed [56][86] Question: What is the outlook for price-cost dynamics? - Initially expecting a flat price-cost for the year, the company now anticipates it to be around flat due to rising raw material costs and pricing adjustments in certain segments [94][95] Question: How is the MTL acquisition performing so far? - Management expressed confidence in the MTL acquisition, raising EPS accretion guidance based on early positive performance and synergy realization [97][102] Question: What is the current state of the M&A pipeline? - The company noted a good M&A pipeline but highlighted valuation discrepancies as a potential slowing factor for closing deals [139]

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Diversified Operations is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, ITT (ITT) , has yet to report results for the quarter ended June 2024. The results a ...

Exhibit 99.2 PRESS RELEASE 7/24/24 Carlisle Companies Reports Second Quarter Results SCOTTSDALE, ARIZONA, July 24, 2024 - Carlisle Companies Incorporated (NYSE:CSL) today announced its second quarter 2024 financial results. • Diluted EPS of $5.94 and adj. EPS of $6.24, an increase of 33% on a year-over-year basis ◦ Revenue of $1.5 billion, an increase of 11% year-over-year ◦ Record operating margin of 26.0% and record adj. EBITDA margin of 28.8% ◦ CCM and CWT delivered adj. EBITDA margins of 33.4% and 22.5% ...

That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). Arguably nothing is more important than earnings growth, as surging profi ...

F ■ Introduction W. P. Carey School of Business | --- | --- | --- | --- | --- | --- | --- | |----------------------------------|-------------------|------------------|-------|--------------------------------------------------------------------------------------------------------|--------------------------------|--------------------------------| | Company Name (Most Recent) | First Return Date | Last Return Date | Years | Table 2: CRSP Common Stocks with the Highest Cumulative Returns \nCumulative Gross Weal ...

For those looking to find strong Conglomerates stocks, it is prudent to search for companies in the group that are outperforming their peers. Carlisle (CSL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Conglomerates peers, we might be able to answer that question. Carlisle is one of 24 companies in the Conglomerates group. The Conglomerate ...

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell ...