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Jun 30, 2021
Carlisle Q2 2021 Earnings Report
Carlisle's performance strengthened, driven by CCM's strong re-roofing cycle and strategic investments.
Key Takeaways
Carlisle Companies reported a 22% increase in revenue to $1.2 billion for Q2 2021. Diluted EPS increased by 29.2% to $1.77, and adjusted diluted EPS increased by 10.8% to $2.16. The company is progressing with Vision 2025, including strategic acquisitions and investments.
Consolidated second quarter revenue increased by 22% year-over-year to $1.2 billion.
Diluted EPS for the second quarter increased 29.2% year-over-year to $1.77; adjusted diluted EPS increased 10.8% year-over-year to $2.16.
CCM's revenues increased by 27.5% year-over-year, driven by strong U.S. commercial roofing demand.
The company signed a definitive agreement to acquire Henry Company for $1.575 billion.
Revenue by Segment
Forward Guidance
Carlisle expects full year sales to be up high-teens for CCM and up mid-teens for CFT. CIT expects full year sales to be down mid-single to high-single digits.
Positive Outlook
- Strength of U.S. commercial roofing demand
- Price discipline
- Strong performances by Architectural Metals and Polyurethane platforms
- Positive results in Europe
- Higher volumes in Automotive Refinish and Transportation markets
Challenges Ahead
- Continued decline in orders from aerospace customers
- Lower volumes at CIT
- Unfavorable mix at CIT
- Raw material inflation
- Higher SG&A and operating expenses
Historical Earnings Impact
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Avg. Return Before/After Earnings
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