earnings
confidence high
sentiment positive
materiality 0.80
Carlisle Q1 EPS $3.52 (adj. $3.72) +85% YoY; revenue $1.1B +23%; raises FY outlook
CARLISLE COMPANIES INC
2024-Q1 EPS reported
$3.97
revenue$1,096,500,000
- Diluted EPS $3.52, adj. EPS $3.72 (up 85% YoY); revenue $1.1B (+23% YoY); operating margin 20.5%.
- CCM revenue +36% YoY to $784M; adj. EBITDA margin 28.9% (+510 bps). CWT revenue -1.2% but margin expanded 370 bps to 20.7%.
- Signed definitive agreements to sell CIT (~$2B) to Amphenol and acquire MTL (metal edge/wall systems) – pure play building products pivot.
- FY 2024 outlook raised: ~10% revenue growth, adj. EBITDA margin expansion >100 bps. Repurchased $150M shares in Q1.
- Free cash flow from continuing ops $132M, up $42M YoY. Cash & equivalents $553M; $1B revolver available.