earnings
confidence high
sentiment positive
materiality 0.85
Carlisle Q2 adj EPS $6.24 (+33% YoY); raises FY24 outlook; completes CIT sale
CARLISLE COMPANIES INC
2024-Q2 EPS reported
$18.75
revenue$2,547,100,000
- Diluted EPS $5.94, adjusted EPS $6.24; revenue $1.45B (+11% YoY); record operating margin 26.0%.
- CCM adj EBITDA margin 33.4% (+220 bps); CWT margin 22.5%; both segments drove record profitability.
- Completed sale of CIT for $2.025B; acquired MTL for $410M; repurchased $550M in shares in Q2.
- Raised FY24 outlook: ~12% revenue growth, ~150 bps adj EBITDA margin expansion; MTL synergies expected $20M.