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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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