Carlisle Companies Incorporated Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 06, 2024 at 04:12 pm EST
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Carlisle Companies Incorporated reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,127.5 million compared to USD 1,149.9 million a year ago. Net income was USD 205.5 million compared to USD 174.2 million a year ago. Basic earnings per share from continuing operations was USD 3.96 compared to USD 2.97 a year ago. Diluted earnings per share from continuing operations was USD 3.91 compared to USD 2.93 a year ago. Basic earnings per share was USD 4.25 compared to USD 3.37 a year ago. Diluted earnings per share was USD 4.2 compared to USD 3.33 a year ago.
For the full year, sales was USD 4,586.9 million compared to USD 5,449.4 million a year ago. Net income was USD 767.4 million compared to USD 924 million a year ago. Basic earnings per share from continuing operations was USD 14.38 compared to USD 16.53 a year ago. Diluted earnings per share from continuing operations was USD 14.22 compared to USD 16.3 a year ago. Basic earnings per share was USD 15.35 compared to USD 17.8 a year ago. Diluted earnings per share was USD 15.18 compared to USD 17.56 a year ago.
Carlisle Companies Incorporated is a manufacturer and supplier of building envelope products and solutions that enable energy efficiency in buildings. The Company operates through two segments: Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). The CCM segment produces a complete line of single-ply roofing products and warranted roof systems and accessories for the commercial building industry, including ethylene propylene diene monomer (EPDM), thermoplastic polyolefin (TPO) and polyvinyl chloride (PVC) membrane, polyiso insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings. The CWT segment produces building envelope solutions that drive energy efficiency and sustainability in commercial and residential applications. Its products include waterproofing and moisture protection products, protective roofing underlayments, fully integrated liquid and sheet applied air/vapor barriers, and others.