Carlisle Companies Reports Record Q2 Earnings Amid Cost Pressures
Carlisle Companies (NYSE: CSL) reported record second-quarter revenue of $1.6 billion, up 8% year over year, and adjusted earnings per share increased to a record $7.03, reflecting strong reroofing demand and strategic initiatives despite weakness in new construction markets. Despite rising input costs, the company raised its full-year revenue growth forecast to mid-single-digit levels but reduced its EBITDA margin outlook by 50 basis points due to inflationary pressures on raw materials and freight. Management expects pricing actions to offset these costs progressively through the year, turning price-cost performance positive in Q4. Carlisle also increased its share repurchase target for 2025 to $1.2 billion after spending $500 million so far this year. The company's largest segment, Carlisle Construction Materials (CCM), delivered record revenue of $1.2 billion and maintained a margin above 30% despite declining new construction activity.
Tickers: $CSL
Topics: adjusted_eps cost_pressure ebitda revenue_growth share_repurchase