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Mar 31, 2023
Carlisle Q1 2023 Earnings Report
Carlisle's first quarter results reflected destocking efforts and inclement weather, but underlying demand remained strong.
Key Takeaways
Carlisle Companies reported a decrease in revenue and earnings per share for the first quarter of 2023 compared to the previous year. Revenues decreased by 21.2% to $1.2 billion, and GAAP diluted EPS decreased by 47.7% to $1.92. The company faced headwinds from channel inventory destocking and inclement weather, but contractor end market demand remained robust.
First quarter revenues declined 21.2% year-over-year to $1.2 billion.
GAAP Diluted EPS decreased 39.7% to $2.57.
Channel inventory destock and inclement weather continued to be headwinds.
Contractor end market demand remained robust.
Carlisle
Carlisle
Carlisle Revenue by Segment
Revenue by Segment
CCM Revenue
CapyFin.comCWT Revenue
CapyFin.com Forward Guidance
The company expects full year 2023 sales to decrease high-single-digits year-over-year for CCM and to decrease low-double-digits year-over-year for CWT. The company continues to expect full year 2023 sales to increase high-single-digits year-over-year for CIT and CFT.
Revenue & Expenses
Visualization of income flow from segment revenue to net income