- Second quarter revenue for Carlisle Companies is $1.45 billion, down 4.9% year-over-year.
- Carlisle Construction Materials (CCM) reported revenue of $1.09 billion, a 15% increase year-over-year, surpassing the estimate of $1.07 billion.
- Carlisle Weatherproofing Technologies reported revenue of $361.7 million, a slight increase of 0.6% year-over-year, but below the estimate of $369.6 million.
- Operating income for Carlisle Construction Materials was $346.8 million, up 24% year-over-year, beating the estimate of $327.8 million.
- Operating income for Carlisle Weatherproofing Technologies was $59.2 million, compared to the estimate of $63.1 million.
- Adjusted EBITDA was $417.6 million, an 8.4% increase year-over-year, exceeding the estimate of $403.2 million.
- Net income saw a significant rise to $712.4 million, compared to $194.6 million last year, and well above the estimate of $270.8 million.
- Free cash flow from continuing operations was $155.8 million, a decrease of 6.2% year-over-year.
- Capital expenditure dropped by 17% year-over-year to $24.9 million, much lower than the estimated $62 million.
- Total operating income was $377.5 million, a 15% increase year-over-year, and surpassed the estimate of $363.4 million.
- Adjusted EPS improved to $6.24 from $5.18 year-over-year, beating the estimate of $5.98.
- The company raised its full-year 2024 outlook to revenue growth of approximately 12% and approximately 150 basis points of adjusted EBITDA margin expansion.
- The strong quarter aligns with Carlisle’s Vision 2030 goal of delivering $40 of adjusted EPS.
- Analysts’ ratings: 5 buys, 2 holds, and 1 sell.
A look at Carlisle Cos Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Carlisle Companies Incorporated, a manufacturer and distributor of construction materials, transportation products, and general industry products, has garnered positive Smartkarma Smart Scores across key metrics. With a strong Growth score of 5, the company is poised for long-term expansion and development in various sectors such as roofing, construction, and trucking. Complemented by a solid Momentum score of 4, Carlisle Cos shows potential for sustained performance and market traction in the coming years.
Additionally, the company scores well in terms of Resilience with a rating of 3, indicating its ability to weather economic fluctuations and industry challenges. While Value and Dividend scores are moderate at 2, Carlisle Cos‘ overall outlook remains promising, supported by its diversified product portfolio and presence across multiple industries.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
