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 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.
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