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Mar 31, 2022
Carlisle Q1 2022 Earnings Report
Carlisle's Q1 2022 financial performance was marked by record revenues and EPS, driven by strong demand and strategic pricing actions.
Key Takeaways
Carlisle Companies reported record first-quarter results, with revenues of $1.5 billion, a 59% increase year-over-year. Organic revenue increased by 44.8%. The company reported GAAP diluted EPS of $3.67 and adjusted diluted EPS of $4.26, a 209% increase from the prior year. Strong demand in re-roofing and new construction, along with the successful integration of the Henry acquisition, contributed to the positive results.
Generated record first quarter revenues of $1.5 billion, up 45% organically year-over-year
Reported record first quarter GAAP Diluted EPS of $3.67 and Adjusted Diluted EPS of $4.26, an increase of 209% from prior year
Continued strong tailwinds, including pent-up demand in re-roofing backlogs
Henry acquisition continues to exceed expectations
Carlisle
Carlisle
Carlisle Revenue by Segment
Revenue by Segment
CCM Revenue
CapyFin.comCWT Revenue
CapyFin.com Forward Guidance
Carlisle is well positioned to drive continued profitable growth in 2022 and deliver Vision 2025.
Positive Outlook
- Demand accelerating across our businesses
- New segment structure in place to focus our teams
- CIT's backlog continues to grow
- Encouraged by the recertification and accelerating deliveries of the 737 MAX
- Impending resumption of 787 deliveries later this year, and improved capital spending in Medical markets.
Challenges Ahead
- Weathered significant global supply chain disruptions
- Raw material and labor inflation persisted
- Expect these pressures will persist throughout 2022
- Continued humanitarian crisis occurring in Eastern Europe and Ukraine
- Conflict in the international arena, including the Russian invasion of Ukraine, may adversely affect general market conditions and our future performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income