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Mar 31, 2024
Carlisle Q1 2024 Earnings Report
Carlisle Companies reported first quarter results with revenue growth and margin expansion.
Key Takeaways
Carlisle Companies reported a strong first quarter in 2024, with revenue increasing by 23% year-over-year to $1.1 billion and adjusted EPS increasing by 85% year-over-year. The company is raising its 2024 outlook to include ~10% revenue growth and >100 bps margin expansion.
Diluted EPS of $3.52 and adj. EPS of $3.72, an increase of 85% YoY.
Revenue of $1.1 billion, an increase of 23% YoY.
Operating margin of 20.5% and adj. EBITDA margin of 24.2%, expanded 530 bps YoY.
Raising 2024 outlook to include ~10% revenue growth and >100 bps margin expansion.
Revenue by Segment
Forward Guidance
FY 2024 revenues to increase ~10% with Adjusted EBITDA margins expanding >100 bps.
Positive Outlook
- FY 2024 revenues to increase ~10%
- CCM - FY 2024 revenues to increase low double digits
- CWT - FY 2024 revenues to increase mid single digits
- Adjusted EBITDA margins expanding >100 bps
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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