CSL 8-K: Carlisle Q1 revenue down 21.2%, adjusted EPS $2.57, cuts CCM full-year outlook

Carlisle Q1 revenue down 21.2%, adjusted EPS $2.57, cuts CCM full-year outlook

CARLISLE COMPANIES INC

2023-Q1 EPS reported $1.96 revenue$1,178,800,000

Q1 revenue $1.2B (-21.2% YoY); GAAP EPS $1.92, adjusted EPS $2.57 (down 39.7%).

CCM revenue down 34.6%; full-year guidance cut to high-single-digit decline from prior flat.

CWT -11.8%, CIT +15.4% (aerospace), CFT +2.3%; pricing positive across all segments.

Operating cash flow $147.5M (+$102.5M); $50M in share repurchases during quarter.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CARLISLE COMPANIES INC reported the first quarter ended March 31, 2023 results: revenue $1.2 billion, net income $99.6 million, EPS $1.92.

Period: the first quarter ended March 31, 2023
Revenue: $1.2 billion
Net income: $99.6 million
EPS: $1.92
Result: reported results

Exact text from the filing

First quarter 2023 Revenue for the first quarter of $1.2 billion decreased 21.2% year-over-year. Organic revenue decreased 20.6% (organic revenue defined as revenue excluding acquired revenues within the last 12 months and the impact of changes in foreign exchange rates versus the U.S. Dollar). Changes in foreign exchange rates had a negative 0.6% impact on revenues. Operating income for the first quarter of $141.0 million decreased 49.2% from $277.3 million in the first quarter of 2022. Income from continuing operations for the first quarter of $99.6 million decreased 48.7% from $194.3 million in the first quarter of 2022. Adjusted EBITDA for the first quarter of $213.8 million decreased 38.0% from $344.8 million in the first quarter of 2022. Diluted earnings per share (EPS) for the first quarter of $1.92 decreased 47.7% from $3.67 in the first quarter of 2022. Adjusted diluted EPS for the first quarter of $2.57 decreased 39.7% from $4.26 in the first quarter of 2022.

View on SEC.gov