Mar 31, 2021

Carlisle Q1 2021 Earnings Report

Carlisle Companies reported flat revenue and a decrease in adjusted EPS due to lower profitability at CIT.

Key Takeaways

Carlisle Companies reported first quarter revenue of $1.03 billion, flat compared to the previous year. Diluted EPS was $0.97, while adjusted diluted EPS was $1.47. The company continued share repurchases, totaling 984 thousand shares for $150 million. CCM delivered strong year-over-year sales growth of 6.3%.

Consolidated first quarter revenue was $1.0 billion, flat compared to the first quarter of 2020.

First quarter diluted EPS was $0.97; adjusted diluted EPS was $1.47.

Share repurchases continued in the first quarter, totaling 984 thousand shares for $150 million.

CCM delivered strong year-over-year sales growth of 6.3%.

Total Revenue
$1.03B
Previous year: $1.03B
-0.1%
EPS
$1.47
Previous year: $1.09
+34.9%
Gross Profit
$245M
Previous year: $278M
-12.0%
Cash and Equivalents
$767M
Previous year: $1.19B
-35.4%
Free Cash Flow
$47.6M
Previous year: $30.4M
+56.6%
Total Assets
$5.75B
Previous year: $6.3B
-8.7%

Carlisle

Carlisle

Carlisle Revenue by Segment

Forward Guidance

Carlisle expects full year sales to be up low double digits for CCM, down mid-single to high-single digits for CIT, up low double digits for CFT, and up over thirty percent for CBF.

Revenue & Expenses

Visualization of income flow from segment revenue to net income