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.
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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 (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.
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.
Carlisle Companies (NYSE:CSL) will announce its fourth quarter 2020 results on February 4, 2021, after market close. A conference call to discuss these results is scheduled for the same day at 5 PM ET, accessible via telephone or webcast. The call aims to provide insights into the company’s financial performance, aligning with its strategic plan, Vision 2025, which focuses on delivering superior shareholder returns. Carlisle generated $4.8 billion in revenues in 2019 and operates in various markets, including commercial roofing and medical technologies.
Carlisle Companies (NYSE:CSL) announces the promotion of Lori A. Snyder to Vice President of Human Resources and the relocation of Amelia Z. Murillo to a senior finance position. Chris Koch, CEO, praised Lori's proven leadership at Carlisle Construction Materials and expressed confidence in her ability to enhance HR practices. Amelia, who previously led talent management, will further her career development in finance. These changes align with Carlisle's Vision 2025 objectives, emphasizing the company's commitment to nurturing internal talent for operational excellence.
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Carlisle Companies (NYSE:CSL) reported its third quarter 2020 results with revenues of $1.13 billion, down 12% year-over-year. Key highlights include an operating margin of 22% for the Construction Materials segment, despite an overall sales decline of 8%. EPS was at $1.87, which included $0.08 related to restructuring and COVID-19 costs. The company repurchased 1.2 million shares for $150 million and raised its dividend by 5%, marking the 44th consecutive year of increases. Optimism is noted for recovery in the aerospace sector and continued cash flow generation, with $719 million cash on hand.
Carlisle Companies Incorporated (NYSE:CSL) will report its third quarter 2020 results on October 20, 2020, after market close. A conference call is scheduled for the same day at 5 PM ET, accessible via webcast and telephone. Domestic investors can dial 833-968-1983, while international callers can reach 647-689-6933. The Company emphasizes its robust strategy, Vision 2025, focusing on superior shareholder returns. In 2019, Carlisle generated revenues of $4.8 billion, servicing diverse markets including roofing, aerospace, and construction.