earnings
confidence high
sentiment positive
materiality 0.85
Carlisle Q4 adj EPS $4.17 (+29.5% YoY); records margins; sells CIT; 2024 outlook mid-single-digit growth
CARLISLE COMPANIES INC
2023-FY EPS reported
$15.18
revenue$4,586,900,000
- GAAP diluted EPS $3.91; adj EPS $4.17 (+29.5% YoY).
- Revenue $1.1B (-1.9% YoY); op margin 22.5%; adj EBITDA margin 26.4% (up 440 bps).
- Agreed to sell CIT business, final step in pivot to pure-play building products.
- Repurchased 3.5M shares for $900M in 2023; cash $576.7M, revolver $1.0B.
- 2024 outlook: rev +~5% (CCM +6%, CWT +4%), EBITDA margins expand ~50 bps.