- Carlisle 1Q CCM (Carlisle Construction Materials) revenue beats estimates, with revenue at $783.6 million, a 36% increase year on year (y/y).
- The estimate for CCM revenue was $679.9 million.
- Carlisle Weatherproofing Technologies revenue was $312.9 million, slightly above the estimate of $310.6 million.
- Operating income for CCM was $211.2 million, a massive 73% increase y/y, beating the estimate of $156 million.
- Carlisle Weatherproofing Technologies reported an operating income of $42.2 million, significantly higher than the estimate of $34 million.
- The net income stood at $192.3 million, a whopping 89% increase y/y, outperforming the estimate of $119.8 million.
- The free cash flow from continuing operations was $132.0 million, a solid increase of 23% y/y.
- Capital expenditure was $32.5 million, down 19% y/y, which is lower than the estimated $48 million.
- Operating income was $225.2 million, well above the estimate of $169.6 million.
- The adjusted EPS (Earnings per Share) was $3.72, an increase from last year’s $2.57, beating the estimate of $2.81.
- Given the strong first quarter results, the full year 2024 outlook was increased to approximate a 10% revenue growth with adjusted EBITDA margins expanding by at least 100 basis points.
- Favourable factors influencing first quarter efforts include growing re-roof activity, beneficial weather conditions fostering healthy construction activity, and normalized customer inventory levels.
- Pricing continues to meet expectations, and optimism for the remainder of the year is based on recent industry price increases.
- Overall, there were 5 buy ratings, 2 hold ratings and 1 sell rating for Carlisle.
A look at Carlisle Cos Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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 company specializing in manufacturing and distributing construction materials, transportation products, and general industry products, has been assessed using the Smartkarma Smart Scores system. With a strong score of 4 for growth and a perfect score of 5 for momentum, Carlisle Cos shows promising signs for long-term development and market performance. These scores indicate that the company is positioned well for expansion and has been gaining positive traction in the market.
While Carlisle Cos scored moderately in value and dividend factors with scores of 2, it displayed resilience with a score of 3. This suggests that despite facing some challenges, the company has the ability to adapt and withstand market pressures. Overall, based on the Smartkarma Smart Scores evaluation, Carlisle Cos seems to have a bright long-term outlook, especially with its strong growth and momentum ratings supporting its potential for future success in various industries it serves.
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.
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