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Dec 31, 2024
Carlisle Q4 2024 Earnings Report
Carlisle reported fourth quarter earnings, with revenue slightly declining but adjusted EPS increasing, driven by resilient re-roofing revenue and strategic acquisitions.
Key Takeaways
Carlisle Companies reported Q4 2024 results with a slight decrease in revenue but an increase in adjusted EPS. The company's performance was driven by resilient re-roofing revenue and strategic acquisitions.
Q4 revenue declined 0.4% year-over-year to $1.1 billion.
Diluted EPS was $3.56, while adjusted EPS reached a record $4.47, a 7% year-over-year increase.
Operating margin was 19.9%, and adjusted EBITDA margin was 25.1%.
The company repurchased $420 million of shares in Q4, bringing the full-year total to $1.6 billion.
Carlisle
Carlisle
Carlisle Revenue by Segment
Revenue by Segment
CCM Revenue
CapyFin.comCWT Revenue
CapyFin.com Forward Guidance
Carlisle expects market challenges from the second half of 2024 to continue into the first half of 2025, but anticipates mid-single-digit revenue growth and approximately 50 basis points of adjusted EBITDA margin expansion for FY 2025.
Positive Outlook
- CCM to benefit from solid re-roofing demand.
- CCM to benefit from new products.
- CCM to benefit from the full-year of the MTL acquisition.
- CCM to benefit from improving new construction markets in the second half of 2025.
- CWT will improve performance on share gain initiatives and new products.
Challenges Ahead
- Market challenges from the second half of 2024 are expected to continue into the first half of 2025.
- Broader macroeconomic pressures impacting the construction industry.
- Higher interest rates.
- Housing affordability challenges.
- Unfavorable weather conditions in November and December.
Revenue & Expenses
Visualization of income flow from segment revenue to net income