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Carlisle Companies Incorporated reports business developments for a building-products manufacturer focused on energy-efficient building envelope systems. Its operating businesses, Carlisle Construction Materials and Carlisle Weatherproofing Technologies, supply commercial roofing systems, single-ply membranes, polyiso insulation, waterproofing, moisture protection, air and vapor barriers, and spray polyurethane foam systems.
Recurring updates include quarterly results by segment, demand trends in commercial re-roofing and new construction, pricing and raw-material cost actions, product innovation under Vision 2030, Carlisle Operating System initiatives, dividends, share repurchases, strategic acquisitions, and broad-based employee equity grants.
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.
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Carlisle Companies (NYSE:CSL) will announce its Q1 2021 financial results on April 22, 2021, after market close. A conference call is set for 5 PM ET on the same day to discuss these results, accessible via webcast or telephone. The company focuses on generating shareholder returns through strategic investments and acquisitions, as outlined in its Vision 2025 strategy. In 2020, Carlisle generated $4.2 billion in revenues.
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Carlisle Companies (NYSE: CSL) announced the promotion of Kelly P. Kamienski to Vice President and Controller, and Titus B. Ball to Vice President, Finance for Carlisle Fluid Technologies. Chairman Chris Koch highlighted their exceptional contributions and potential for further growth as part of Carlisle's Vision 2025 strategy. Kamienski, with a strong background in accounting, will enhance financial reporting and controls, while Ball brings a decade of experience to drive progress toward a 20% long-term margin goal in his segment.
Carlisle Companies (NYSE:CSL) reported fourth quarter 2020 revenues of $1.1 billion, a 7% decline from 2019. CCM's sales rose 0.9%, showing positive growth driven by commercial roofing. Operating cash flow remained strong at $697 million with free cash flow at $601 million, akin to 2019 levels. Despite challenging market conditions, the company executed share repurchases of 3 million shares for $382 million in the year. Operating income fell 20.9% to $111.8 million, impacted by volume declines. Looking ahead, Carlisle remains optimistic about growth opportunities in 2021, targeting $15 EPS under their Vision 2025.
The Board of Directors of Carlisle Companies Incorporated (NYSE:CSL) has declared a dividend of $0.525 per share. This dividend is payable on March 1, 2021 to shareholders of record as of February 19, 2021. Carlisle, a global leader in manufacturing engineered products across diverse sectors, generated approximately $4.8 billion in revenue in 2019. The company is focused on delivering superior shareholder returns through its Vision 2025 strategy.
The Board of Directors of Carlisle Companies (NYSE:CSL) announced a new share repurchase program, allowing the buyback of up to 5 million shares of common stock. This program is set to run indefinitely or until terminated by the Board. This authorization supplements the remaining 2 million shares from a previous buyback plan initiated in February 2019. The repurchased shares will be acquired from the open market at prevailing prices or through negotiated transactions.