Carlisle Companies Inc is a diversified global manufacturer that specializes in providing a wide range of products across various industries. The company primarily focuses on three main segments: construction materials, specialty products, and agricultural products. Through its construction materials division, Carlisle produces roofing, waterproofing, and insulation systems that are designed to improve building performance and longevity. Its specialty products segment includes advanced materials and components used in the automotive, electrical, and aerospace markets. Additionally, Carlisle's agricultural products division offers innovative solutions for crop protection and enhancement. By leveraging its extensive expertise and technology, Carlisle aims to deliver high-quality and sustainable solutions to meet the evolving needs of its customers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Valmont (NYSE:VMI) and its peers.
Carlisle Companies Incorporated (NYSE:CSL) is proud to be recognized among the “Most Honored Companies” in Extel’s (formerly known as Institutional Investor) 2024 All-America Executive Team rankings. Carlisle received top rankings in 7 out of 8 categories in the large cap Homebuilding & Building Products industry and was awarded first place in several categories for the second year in a row.
Looking back on building materials stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Armstrong World (NYSE:AWI) and its peers.
Chris Koch, Chair, President and Chief Executive Officer, Kevin Zdimal, Vice President and Chief Financial Officer, and Mehul Patel, Vice President of Investor Relations of Carlisle Companies Incorporated (NYSE:CSL), will be presenting at the Baird Industrial Conference at The Ritz-Carlton in Chicago, IL, on Tuesday, November 12, 2024.
The Board of Directors of Carlisle Companies Incorporated (NYSE:CSL) has declared a dividend of $1.00 per share, payable on December 2, 2024, to shareholders of record at the close of business on November 15, 2024.
Shares of building envelope solutions provider Carlisle Companies (NYSE:CSL)
fell 8.4% in the morning session after the company reported disappointing third-quarter earnings results. Its revenue unfortunately missed, and its organic revenue fell short of Wall Street's estimates. Management called out the continued decline in residential markets and weather-related and port strikes as debilitating factors that slowed down momentum during the quarter. Overall, this was a weaker quarter.
CSL wasn't the only housing-related company to report underwhelming results. MHK, which is also exposed to residential construction and demand for homes, also put up weak results that sent the stock down.
CLEVELAND, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The Riverside Company, a global investment firm focused on the smaller end of the middle market, together with its portfolio company PFB Corporation (PFB), is pleased to announce the firm has signed a definitive agreement to sell PFB’s Plasti-Fab and Insulspan business units to Carlisle Companies Incorporated (NYSE: CSL). The sale price for the business is approximately USD $260 million, and the transaction is expected to close in Q4 2024.
Carlisle Companies Incorporated (NYSE:CSL) today announced that it has entered into a definitive agreement to acquire the expanded polystyrene “EPS” insulation segment of PFB Holdco, Inc., a portfolio company of The Riverside Company, composed of the Plasti-Fab and Insulspan brands (collectively referred to as “Plasti-Fab”). Plasti-Fab is a leading vertically integrated provider of EPS insulation products across Canada and the Midwestern United States. Under the terms of the agreement, Carlisle will purchase Plasti-Fab for $259.5 million in cash. The purchase price represents 6.7x on adjusted EBITDA for the twelve months ended August 31, 2024, inclusive of run-rate cost synergies.
Milton's impact on Florida housing market: $1.7-2.5B hit, delays in construction & closings. Major builders like PulteGroup, Lennar, D.R. Horton have significant exposure in affected regions.
Carlisle Companies Incorporated (NYSE:CSL) proudly announces that Henry, a Carlisle Company, has been honored as The Home Depot’s Building Materials Partner of the Year for 2024. This marks the second time Henry has received this prestigious award, having also been recognized in 2022. This award recognizes outstanding performance and product innovation and is awarded at The Home Depot’s Annual Supplier Partnership Meetings.
Carlisle Companies Incorporated (NYSE:CSL), a leading supplier of innovative building products and solutions, today released a presentation to highlight a campus tour of its Carlisle, PA facility with an overview of Carlisle’s Vision 2030 strategy, as well as overviews of the CCM and CWT businesses. The Carlisle Campus Tour presentation is available on the Investors section of the Company’s website at www.carlisle.com.