Carlisle Stock Price, News & Analysis

Carlisle Companies (NYSE:CSL) has successfully acquired Henry Company for $1.575 billion in cash. This acquisition strengthens Carlisle's Construction Materials (CCM) business, enhancing its offerings in building envelope systems that improve energy efficiency and reduce installation times. The move aligns with Carlisle's Vision 2025 strategy, which focuses on high-return investments and aims to generate over $15 in earnings per share. In 2020, Carlisle reported revenues of $4.2 billion.

Carlisle Companies (NYSE:CSL) has announced a 3% increase in its regular quarterly dividend, raising it from $0.525 to $0.54 per share. This dividend is set to be paid on September 1, 2021, to shareholders of record as of August 18, 2021. This marks the 45th consecutive year of dividend increases, reflecting the company’s commitment to returning capital to shareholders and enhancing value. Carlisle, a leader in sustainable building solutions and other sectors, generated $4.2 billion in revenues in 2020.

CentroMotion has successfully completed its acquisition of Carlisle Brake & Friction (CBF) from Carlisle Companies (NYSE: CSL). This strategic acquisition enhances CentroMotion's capabilities, positioning it as a global leader in mission-critical solutions for industrial and transportation markets. CBF, founded in 1920, is the largest manufacturer of friction materials with operations in over 70 countries and 1,350 employees. The deal expands CentroMotion's portfolio, which includes other reputable brands, aiming to deliver improved safety and efficiency in demanding environments.

Carlisle Companies Incorporated (NYSE:CSL) has announced the successful completion of the sale of its subsidiary, Carlisle Brake & Friction, to CentroMotion, based in Waukesha, Wisconsin. This strategic divestiture aligns with Carlisle's focus on its core business areas within innovative Building Envelope products and energy-efficient solutions. The company emphasizes its commitment to generating superior shareholder returns and balanced capital deployment through investments, acquisitions, share repurchases, and dividend increases.

Carlisle Companies (NYSE:CSL) reported Q2 2021 revenue of $1.2 billion, a 22% increase year-over-year. Diluted EPS rose 29.2% to $1.77, while adjusted diluted EPS increased 10.8% to $2.16. The company repurchased 643,000 shares for $116 million in the quarter. Operating income improved to $133.8 million, a 16.9% increase. Carlisle announced the acquisition of Henry Company for $1.575 billion, aimed at enhancing growth in commercial construction. Despite challenges in the CIT segment, CCM's strong performance drove overall growth.

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.