Record Adjusted EPS and Strategic Shift
Carlisle achieved record adjusted EPS of $20.20 in 2024, marking a 30% year-over-year increase. The company completed its pivot to a pure-play building products company with the $2 billion sale of CIT.
Strong Margin Performance
Adjusted EBITDA margins expanded by 150 basis points to a record 26.6% in 2024, despite challenges in the residential markets and a low single-digit price decline in commercial markets.
Successful Acquisitions and Synergies
Carlisle completed synergistic acquisitions of MTL and Plasti-Fab, contributing to its market position. Expected synergies from MTL increased from $13 million to over $20 million.
Positive Outlook for 2025
Carlisle expects double-digit EPS growth in 2025, driven by mid-single-digit revenue growth and a 50 basis point expansion in adjusted EBITDA margin, supported by innovation and operational efficiencies.