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Sep 30, 2024
Carlisle Q3 2024 Earnings Report
Carlisle reported strong third-quarter results, driven by CCM's growth and margin expansion, despite headwinds in residential markets and weather-related events.
Key Takeaways
Carlisle Companies reported a record third quarter with diluted EPS of $5.30 and adjusted EPS of $5.78, a 24% year-over-year increase. Revenue reached $1.3 billion, up 6% year-over-year. The company saw an operating margin of 23.7% and a record adjusted EBITDA margin of 27.6%, up 60 bps year-over-year. CCM's revenue grew by 9% with an adjusted EBITDA margin expansion of 110 bps, reaching a record 32.8%. Carlisle repurchased 1.1 million shares for $466 million and increased its quarterly dividend by 18%. They also signed an agreement to acquire Plasti-Fab.
Record third quarter diluted EPS of $5.30 and adjusted EPS of $5.78, up 24% year-over-year.
Revenue of $1.3 billion, an increase of 6% year-over-year.
Operating margin of 23.7% and Q3 record adjusted EBITDA margin of 27.6%, up 60 bps year-over-year.
CCM grew revenue 9% and expanded adjusted EBITDA margin 110 bps to Q3 record of 32.8%.
Carlisle
Carlisle
Carlisle Revenue by Segment
Revenue by Segment
CCM Revenue
CapyFin.comCWT Revenue
CapyFin.com Forward Guidance
The company expects residential headwinds to continue for the remainder of the year. Based on that outlook, they expect to deliver approximately 10% revenue growth and increase adjusted EBITDA margin by approximately 150 bps for 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income