SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Carlisle Companies Incorporated (NYSE:CSL) today announced that it has entered into a definitive agreement to acquire MTL Holdings (“MTL”) from GreyLion Partners, a leading U.S. private equity firm. MTL is a leading provider of pre-fabricated edge metal for commercial roofing systems. Under the terms of the agreement, Carlisle will purchase MTL for $410 million in cash. The purchase price represents 8.7x on MTL’s adjusted EBITDA for the twelve months ending February 29, 2 ...

ITT Inc. (ITT) has been benefiting from solid momentum in its aftermarket business, driven by robust demand for parts and services. A strong pipeline of projects in energy, mining and decarbonization markets, including a new contract with ExxonMobil, bode well for the Industrial Process segment.Growth in component sales within the commercial aerospace and defense markets has been driving the Connect & Control Technologies segment. Also, solid momentum in the friction OE (original equipment) business is supp ...

Identifying stocks that offer healthy returns may be tricky for investors. In such a scenario, one may consider liquidity levels, which are a good indicator of a company’s financial health.Liquidity measures a company’s ability to meet short-term debt obligations by converting assets into liquid cash and equivalents. These stocks have always been on investors’ radar owing to their potential to offer alluring returns.Nonetheless, one should be careful about investing in a stock with a high liquidity level, a ...

It has been about a month since the last earnings report for Carlisle (CSL) . Shares have added about 5.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Carlisle due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Carlisle Q4 Earnings Beat Estimates, Revenues Declin ...

Investors interested in Conglomerates stocks should always be looking to find the best-performing companies in the group. Has Carlisle (CSL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Carlisle is a member of the Conglomerates sector. This group includes 27 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within th ...

The Zacks Diversified Operations industry is poised for growth on the back of strength across aerospace, defense and oil & gas industries. Healthy demand across medical and life science end markets and growth in the commercial aviation sector have been proving beneficial for the industry participants. Higher infrastructure development, product innovation efforts and technological advancements in business operations have been other tailwinds.However, challenges in the manufacturing sector amid persistent sup ...

Tony Anderson The Direxion Daily Homebuilders & Supplies Bull 3X Shares ETF (NYSEARCA:NAIL) is a leveraged exchange-traded fund, or ETF, that covers an index containing some of the major U.S. homebuilders. We think that while news has been good for the homebuilding sector, particularly on rates, good news won't become better news anytime soon, so a leveraged ETF is a little out of the question for now as far as we're concerned. First, a critical note on the general issues of leveraged ETFs. Note on Leverage ...

On August 3, 2023, the Board approved a 7.5 million share increase in the Company's share repurchase program. We repurchased approximately 3.5 million shares in 2023 as part of our plan to return capital to stockholders, utilizing $900.0 million of our cash on hand. As of December 31, 2023, we had authority to repurchase 7.4 million shares. Debt Instruments Revolving Credit Facility Debt Covenants Our significant accounting policies are more fully described in Note 1. In preparing the Consolidated Financial ...

Carlisle Companies (CSL) reported fourth-quarter 2023 adjusted earnings (excluding 26 cents from non-recurring items) of $4.17 per share, which surpassed the Zacks Consensus Estimate of $3.47. The bottom line increased 6.4% year over year.Carlisle’s total revenues of $1.13 billion beat the consensus estimate of $1.08 billion. However, the top line decreased 2% year over year, with a 2.3% decline in organic revenues.Segmental DiscussionCarlisle has divested its Carlisle Interconnect Technologies segment. The ...

For the quarter ended December 2023, Carlisle (CSL) reported revenue of $1.13 billion, down 22.5% over the same period last year. EPS came in at $4.17, compared to $3.92 in the year-ago quarter.The reported revenue represents a surprise of +3.92% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $3.47, the EPS surprise was +20.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...