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Carlisle Companies (CSL)
NYSE:CSL
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$4.41Last Year’s EPS
$4.17Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -17.34%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by Carlisle in the third quarter, achieving record results and demonstrating resilience despite challenges in residential markets and external disruptions. Strategic acquisitions, robust financial health, and shareholder returns highlight positive momentum, but market headwinds and operational impacts from hurricanes and strikes are notable concerns.Company Guidance
In the third quarter of 2024, Carlisle Companies reported robust financial performance, achieving a 6% year-over-year sales growth to $1.3 billion, despite challenges from hurricanes and a weakening residential market. The company delivered record third-quarter results, with an adjusted EPS increase of 24% to $5.78 and an adjusted EBITDA margin expansion of 60 basis points to 27.6%. Key drivers included a 9% revenue growth in the CCM segment, with an impressive 110 basis point expansion in adjusted EBITDA margin to 32.8%, supported by strong reroofing demand. Meanwhile, the CWT segment faced a 3% sales decline due to higher interest rates impacting new housing activity. Carlisle remains committed to its Vision 2030 goals, including $40 EPS and 25% ROIC, while actively engaging in strategic M&A, such as the acquisition of PlastiFab, projected to contribute $14 million in annual synergies by 2025.Record Third Quarter Results
Carlisle achieved record third quarter results in both EBITDA margin and earnings per share, with adjusted EPS growing 24% to $5.78 and adjusted EBITDA margin expanding 60 basis points year-over-year to 27.6%.
CCM Segment Growth
CCM delivered third quarter revenues of $998 million, up 9% year-over-year, with an impressive 110 basis points expansion in adjusted EBITDA margin to a record third quarter 32.8%.
Shareholder Returns and Capital Allocation
Carlisle repurchased 1.1 million shares for $466 million in Q3, bringing year-to-date total to $1.2 billion, and paid out $46 million in dividends, with an 18% increase declared in August.
Strategic Acquisitions and M&A Strategy
The acquisition of MTL and the agreement to acquire PlastiFab align with Vision 2030 goals, expected to generate synergies and enhance Carlisle's building envelope product portfolio.
Strong Financial Position
Carlisle maintains a solid balance sheet with $1.5 billion in cash and a net leverage ratio of 0.5x, supporting investments in growth and shareholder returns.
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CSL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CSL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $457.60 | $416.27 | -9.03% |
| Jul 24, 2024 | $410.35 | $408.75 | -0.39% |
| Apr 25, 2024 | $379.47 | $397.88 | +4.85% |
| Feb 06, 2024 | $314.71 | $338.79 | +7.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carlisle Companies (CSL) report earnings?
Carlisle Companies (CSL) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Carlisle Companies (CSL) earnings time?
Carlisle Companies (CSL) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSL EPS forecast?
CSL EPS forecast for the fiscal quarter 2024 (Q4) is $4.41.
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