Carlisle Companies Reports Third Quarter Results

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Carlisle delivered record third quarter adjusted EPS of $5.92, up 6% year-over-year, on 9% revenue growth to $1.5 billion.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Both CCM and CWT again grew faster than their underlying markets, a direct result of our Vision 2030 strategic initiatives, the strength of our resilient business model, and the superior Carlisle Experience we deliver to contractors, distributors, and building owners.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Even as petroleum-derived input and freight costs rose sharply, our teams grew volume, built price realization, and delivered solid results.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“CCM grew revenue 8%, driven by strong volume from our strategic initiatives, including growing traction in data centers, together with solid re-roofing demand and price realization.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Re-roofing has grown steadily since we launched Vision 2030, supported by an aging building stock and the non-discretionary nature of roof replacement.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“At CWT, share gains drove 9% revenue growth despite continued softness in new construction.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Price realization continued to build through the quarter, supported by the freight surcharges and broad-based price increases implemented across CCM and CWT.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Customers have continued to choose Carlisle as these actions have taken hold, and we have not seen a material change in demand.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Renewed escalation of the conflict in the Middle East drove petroleum-derived raw material, diesel, and freight costs higher, well above what we anticipated in our July outlook.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“As in prior inflationary cycles, pricing lags cost, which drove the year-over-year decline in adjusted EBITDA margin.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“We view this as a timing issue, not a structural one.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“We expect the benefit of our pricing actions to keep building through the fourth quarter and into 2027, and margin expansion to resume as raw material costs normalize.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Our strong cash generation continues to support our balanced and disciplined approach to capital allocation.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“This milestone reflects the durability of our business model and our long-standing commitment to returning capital to shareholders.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Our M&A framework remains unchanged, focused on disciplined, synergistic building envelope acquisitions that enhance our systems offering, increase content per square foot, and meet our strict returns criteria.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“For the fourth quarter, we expect high-single-digit revenue growth with flat adjusted EBITDA margin, as the benefits of our pricing actions continue to build.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“Our outlook does not assume a near-term recovery in new construction markets.”

Chris Koch, Chair, President and Chief Executive Officer of Carlisle Companies

“With the strength of our imperative business model, resilient re-roofing demand, and our leadership position in North America, we remain committed to advancing Vision 2030 through organic growth, synergistic acquisitions, margin expansion, and increased free cash flow, and we remain confident in our path to $40 of adjusted EPS and 25%-plus ROIC.”