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Sep 30, 2022
Carlisle Q3 2022 Earnings Report
Carlisle reported record third quarter results, driven by strong revenue growth and improved earnings performance.
Key Takeaways
Carlisle Companies reported record third quarter revenues of $1.8 billion, up 36.4% year-over-year, with organic revenue increasing by 28.3%. The company's GAAP diluted EPS reached a record $4.84, and adjusted diluted EPS was $5.66, an 89.3% increase from the prior year. Strong underlying trends in U.S. non-residential construction markets and significant interest in Carlisle's sustainable building solutions contributed to the positive results.
Generated record year-over-year third quarter revenues of $1.8 billion, up 36.4% (28.3% organic)
Delivered record GAAP Diluted EPS of $4.84 and Adjusted Diluted EPS of $5.66, an increase of 89.3% from prior year
Underlying trends in U.S. non-residential construction markets remained strong
Increased annual dividend 39% to $3.00, our 46th consecutive year of increases
Revenue by Segment
Forward Guidance
Carlisle remains optimistic for the remainder of 2022 and is excited to continue our drive to exceed Carlisle's commitments under Vision 2025.
Positive Outlook
- U.S. non-residential construction demand remains strong
- Pricing at all of our businesses continues to be positive
- Improvements in supply chain and greater availability of materials are leading us toward a more normalized operating environment
- Aerospace markets continue their recovery, driving record backlogs and increased profitability in our CIT business
- Residential markets longer term, fundamentals remain attractive given the undersupply of homes in the U.S. and growing demand for energy-efficient building solutions
Challenges Ahead
- Macroeconomic environment, which has been a challenge for several years, and is becoming even more complicated with rising interest rates, high inflation and a war in Europe.
- Residential markets are facing increased pressure due to interest rate hikes
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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