Core Insights - Carlisle Companies Incorporated (CSL) reported third-quarter 2025 adjusted earnings of $5.61 per share, exceeding the Zacks Consensus Estimate of $5.47, but reflecting a 2.9% year-over-year decline [1][9] - Total revenues reached $1.35 billion, surpassing the consensus estimate of $1.33 billion, and increased by 1% year over year, although organic revenues fell by 2.1% [1][9] - The company’s cash and cash equivalents rose to $1.11 billion from $753.5 million at the end of 2024, while long-term debt increased to $2.9 billion from $1.89 billion [6][9] Segment Performance - Revenues from the Carlisle Construction Materials segment increased by 0.3% year over year to $1.0 billion, with organic revenues remaining flat, driven by strong re-roof activity [3] - The Carlisle Weatherproofing Technologies segment saw a 3% year-over-year revenue increase to $346 million, aided by acquisitions, although organic revenues declined by 8% [4] Margin Analysis - The cost of sales rose by 5.2% year over year to $861.7 million, while selling and administrative expenses decreased by 7.2% to $177.9 million [5] - Adjusted EBITDA for the Construction Materials segment was $303 million, down 8% year over year, and for the Weatherproofing Technologies segment, it was $60 million, declining 13% year over year [3][4] Cash Flow and Shareholder Returns - In the first nine months of 2025, CSL generated net cash of $715.8 million from operating activities, compared to $659.7 million in the same period last year [6] - The company rewarded shareholders with a dividend payment of $135.3 million, up 6.2% year over year, and repurchased shares worth $1 billion, down 14.2% year over year [7] Future Outlook - For the fourth quarter of 2025, Carlisle anticipates a low single-digit revenue decrease in the Construction Materials segment, while the Weatherproofing Technologies segment is expected to see low single-digit growth [8] - The company projects flat revenues for 2025, with an expected adjusted EBITDA margin contraction of approximately 250 basis points [10]