Welcome to our dedicated page for Carlisle Companies news (Ticker: CSL), a resource for investors and traders seeking the latest updates and insights on Carlisle Companies stock.
Carlisle Companies Inc. (CSL) is a global diversified firm engaged in the design, manufacture, and marketing of a wide range of products catering to a broad array of niche markets. These include commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, foodservice, healthcare, and sanitary maintenance.
Organized into two principal segments, Carlisle Construction Materials and Carlisle Weatherproofing Technologies, the company offers an extensive portfolio that includes moisture protection products, protective roofing underlayments, integrated air and vapor barriers, spray polyurethane foam and coating systems, among others. The Carlisle Construction Materials segment represents the bulk of the company's revenue, with more than half of their total revenue generated in the United States.
Known for its innovative approach, Carlisle Companies excels in delivering product solutions that address the unique challenges faced by its customers. This dedication is reflected in the diverse range of industries they serve and their continued focus on quality and customer service.
In 2013, Carlisle Companies had net sales of $2.9 billion, showcasing the significant impact of their global team of employees. The company's strategic direction is driven by decentralized operating units, each led by entrepreneurial management teams committed to enhancing the Carlisle brand's value.
Recent achievements and ongoing projects further underline Carlisle's commitment to excellence. Among these, the development of advanced roofing and weatherproofing technologies stands out, ensuring that the company remains a key player in the commercial building industry.
On July 19, 2021, American Securities LLC announced a definitive agreement to sell Henry Company to Carlisle Companies Incorporated (NYSE:CSL) for $1.575 billion. Henry, recognized for its building envelope systems, generated $511 million in revenue and $119 million in adjusted EBITDA for the twelve months ending May 31, 2021. The acquisition aligns with Carlisle's strategic vision and is expected to close in Q3 2021, pending customary conditions.
Carlisle Companies Incorporated (NYSE:CSL) has announced a definitive agreement to acquire Henry Company for $1.575 billion. This purchase, valued at 10.5x Henry's adjusted EBITDA of $119 million, aims to enhance Carlisle's portfolio in building envelope systems that improve energy efficiency. Henry, with a strong brand history and a focus on sustainability, generated $511 million in revenue over the past year. The acquisition is expected to yield $30 million in pre-tax cost synergies by 2025 and boost adjusted EPS by approximately $1.25+ in the first fiscal year.
Carlisle Companies (NYSE: CSL) will announce its second quarter 2021 financial results on July 22, 2021, after the market closes. A conference call is set for 5pm ET the same day to discuss these results. Participants can join via webcast on the company's investor relations page or by phone at 833-968-1983 (domestic) or 647-689-6933 (international), using conference ID 3395544. Carlisle specializes in energy-efficient engineered products, aiming for superior shareholder returns through its Vision 2025 strategy, which includes investments, acquisitions, and share repurchases.
Carlisle Companies (NYSE:CSL) has commenced construction on its sixth TPO manufacturing line, which will produce the first 16-foot-wide TPO membranes in the commercial roofing industry. This new facility in Carlisle, PA, aims to enhance production capacity and support organic growth, aligning with Carlisle's Vision 2025 strategy. The new TPO membranes promise labor savings and improved installation quality with fewer seams and less waste. The line is expected to be operational by early 2022, further solidifying Carlisle’s position as a leader in energy-efficient building products.
Carlisle Companies (NYSE:CSL) has signed a definitive agreement to sell Carlisle Brake & Friction (CBF) to CentroMotion for $375 million. This includes $250 million in cash at closing and a potential additional $125 million based on CBF's adjusted EBITDA targets for 2021. The transaction, part of Carlisle's Vision 2025 strategy to simplify its portfolio, is set to close in Q3 2021 and aims to optimize long-term growth for CBF. In 2020, CBF generated $275.3 million in revenue. The deal reflects Carlisle's focus on expanding its building products segment.
Carlisle TyrFil announced its collaboration with American Forests to plant 300,000 tree saplings in Florida's longleaf pine forest region. The initiative is part of the One Tote, One Tree program, which has already contributed to nearly 250,000 trees being planted over the past decade. This effort addresses the decline in biodiversity caused by habitat loss, particularly affecting species like the red-cockaded woodpecker. Carlisle TyrFil emphasizes its commitment to environmental sustainability through innovative product development that reduces harmful compounds.
Carlisle Companies Incorporated (NYSE: CSL) has announced a dividend of $0.525 per share. This dividend will be payable on June 1, 2021, to shareholders recorded by the close of business on May 17, 2021. The company, headquartered in Scottsdale, Arizona, generated $4.2 billion in revenues in 2020. Carlisle is focused on delivering energy-efficient products and solutions and aims to enhance shareholder returns through strategic investments and continued dividend increases.
Carlisle Companies (NYSE:CSL) reported first quarter 2021 revenue of $1.0 billion, flat compared to Q1 2020. The diluted EPS was $0.97, while adjusted diluted EPS stood at $1.47. The company repurchased 984,000 shares for $150 million. CCM showed a 6.3% sales growth year-over-year, supported by a $60 million investment in a new Polyiso insulation facility in Missouri. Despite challenges in CIT due to the pandemic's impact on commercial aerospace, overall, Carlisle aims for a stronger recovery, leveraging its Vision 2025 strategy.
Carlisle Companies (NYSE: CSL) plans to invest over $60 million to build a new manufacturing facility in Sikeston, Missouri. This 445,000 square foot facility, the 50th for Carlisle’s Construction Materials segment, is aligned with its Vision 2025 strategy aimed at fostering organic growth and creating local jobs. The facility will produce energy-efficient polyiso insulation, enhancing supply chain efficiency and reducing carbon footprint. Construction is expected to start in summer 2021, with operations beginning in Q1 2023.
FAQ
What is the current stock price of Carlisle Companies (CSL)?
What is the market cap of Carlisle Companies (CSL)?
What does Carlisle Companies Inc. specialize in?
How is Carlisle Companies Inc. organized?
Where does Carlisle Companies generate most of its revenue?
What kind of products does Carlisle Companies offer?
How much did Carlisle Companies earn in net sales in 2013?
What markets does Carlisle Companies serve?
What drives Carlisle Companies’ business strategy?
What are some recent achievements of Carlisle Companies?
What is Carlisle Companies' approach to customer service?
What is Carlisle Companies' impact on the global market?
