Fourth Quarter 2024 Earnings Call February 4, 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 mad ...

Financial Performance - Carlisle reported quarterly earnings of $4.47 per share, slightly missing the Zacks Consensus Estimate of $4.48 per share, but showing an increase from $4.17 per share a year ago, representing an earnings surprise of -0.22% [1] - The company posted revenues of $1.12 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.61%, and down from $1.13 billion year-over-year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.20 on revenues of $1.16 billion, and for the current fiscal year, it is $22.59 on revenues of $5.34 billion [7] - The estimate revisions trend for Carlisle is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Market Performance - Carlisle shares have increased by approximately 3.4% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The outlook for the industry, specifically the Diversified Operations sector, is currently in the bottom 38% of Zacks industries, which may impact the stock's performance [8]

Financial Performance - Carlisle reported a record full year adjusted EPS of $20.20, a 30% increase over 2023, with full year revenue growth of 9%[2] - Fourth quarter revenue was $1.1 billion, a decline of 0.4% year-over-year, while adjusted EPS for the quarter was $4.47, an increase of 7% year-over-year[7] - Operating income for the year ended December 31, 2024, increased to $1,143.1 million, up from $982.8 million in 2023, representing a growth of 16.4%[20] - Net income for the year ended December 31, 2024, was $1,311.8 million, compared to $767.4 million in 2023, reflecting a significant increase of 71.1%[20] - Basic earnings per share for 2024 were $28.17, up from $15.35 in 2023, indicating an increase of 83.0%[20] - Adjusted net income for the year ended December 31, 2024, was $952.9 million, resulting in an adjusted EPS of $20.20, compared to $784.3 million and $15.52 in 2023, reflecting a 21.5% increase in adjusted net income[42] - Income from continuing operations for the year ended December 31, 2024, was $865.1 million, up 20.3% from $718.9 million in 2023[33] - The company reported EBIT of $1,123 million for 2024, showcasing strong operational performance[45] Revenue and Growth - The company expects mid-single-digit revenue growth for 2025, with approximately 50 basis points of adjusted EBITDA margin expansion[6] - The company reported organic revenue growth of 9.1% for the year ended December 31, 2024, driven by strong performance across segments[27] - Total revenues for the year ended December 31, 2024, reached $5,003.6 million, an increase of 9.0% compared to $4,586.9 million in 2023[33] Cash Flow and Investments - Operating cash flow from continuing operations for 2024 was $1.0 billion, with free cash flow of $938 million, an increase of $12 million from the prior year[10] - Free cash flow from continuing operations for the year ended December 31, 2024, was $938.3 million, slightly up from $925.9 million in 2023[30] - The company engaged in significant investing activities, with net cash provided by investing activities amounting to $1,229.6 million in 2024, compared to $352.4 million in 2023[22] - Carlisle deployed a record $1.6 billion for share repurchases in 2024, including $420 million in Q4[4] Margins and Efficiency - The company achieved a record adjusted EBITDA margin of 25.1% in Q4 2024, despite macroeconomic pressures[8] - Carlisle's operating margin for the full year 2024 was 22.8%, an increase of 140 basis points compared to 2023[8] - The adjusted EBITDA margin for the year ended December 31, 2024, was 31.4%, compared to 30.0% in 2023, indicating improved operational efficiency[37] Challenges and Outlook - The company anticipates continued challenges in the construction market into the first half of 2025 but remains optimistic about underlying business trends[6] - The company reported a total non-comparable items impact of $32.4 million for Q4 2024, significantly higher than $6.3 million in Q4 2023[33] Shareholder Returns - The company declared and paid dividends of $3.70 per share in 2024, compared to $3.20 per share in 2023, marking an increase of 15.6%[20] Environmental Commitment - The company is committed to achieving net-zero greenhouse gas emissions by 2050 as part of its long-term strategy[17] Other Financial Metrics - Cash and cash equivalents at the end of 2024 were $753.5 million, an increase from $576.7 million at the end of 2023[24] - Total stockholders' equity decreased to $2,463.3 million in 2024 from $2,829.0 million in 2023, a decline of 12.9%[24] - Interest expense for the year ended December 31, 2024, was $73.3 million, a decrease from $75.6 million in 2023[33] - The provision for income taxes for 2024 was $245 million, contributing to the overall financial performance[45] - Acquisition-related amortization for 2024 was $96.3 million, which impacts the earnings before interest and amortization[45] - The average invested capital for 2024 was $3,317.7 million, reflecting a strategic approach to capital management[45] - The impact of losses from pension settlement in 2024 was $21.1 million, affecting the overall financial results[42]

Wall Street analysts expect Carlisle (CSL) to post quarterly earnings of $4.48 per share in its upcoming report, which indicates a year-over-year increase of 7.4%. Revenues are expected to be $1.15 billion, up 2.3% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essential to take int ...

The Zacks Diversified Operations industry has been grappling with persistent weakness in the manufacturing sector. Industry participants have also been facing concerns due to the ongoing impact of supply-chain issues, particularly regarding the availability of electronic components.The industry is benefiting from the strength across aerospace, defense and oil & gas industries. Growth in the commercial aviation sector and solid demand across medical and life science end markets have been allowing the industr ...

Corporate Events and Investment Opportunities - The premium service "Value in Corporate Events" covers major earnings events, M&A, IPOs, and other significant corporate events, providing actionable investment ideas [1] - The service offers coverage of 10 major events per month, focusing on identifying the best investment opportunities [1] - Members of the investing group Value In Corporate Events can capitalize on IPOs, mergers & acquisitions, earnings reports, and changes in corporate capital allocation [1] Carlisle Companies (CSL) Stock Performance - Shares of Carlisle Companies (NYSE: CSL) have experienced a significant pullback, with a decline of around 25% [1] - Despite the recent pullback, the company maintains an impressive long-term track record [1]

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 ...