Carlisle Construction Materials | ||||||||||||||||||||||
(in millions) | FY19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | FY20 | 1Q21 | 2Q21 | 3Q21 | 4Q21 | FY21 | |||||||||||
Operating income (GAAP) | $ | 538.6 | $ | 101.5 | $ | 126.2 | $ | 159.7 | $ | 136.8 | $ | 524.2 | $ | 110.7 | $ | 155.0 | $ | 181.1 | $ | 173.1 | $ | 619.9 |
Non-operating expense (income)(1)
| - | 0.4 | 2.3 | 0.2 | 0.5 | 3.4 | 2.3 | - | 0.3 | (0.1) | 2.5 | |||||||||||
EBIT | 538.6 | 101.1 | 123.9 | 159.5 | 136.3 | 520.8 | 108.4 | 155.0 | 180.8 | 173.2 | 617.4 | |||||||||||
Exit and disposal, and facility rationalization costs | - | - | 0.1 | 0.3 | - | 0.4 | - | - | 0.1 | - | 0.1 | |||||||||||
Inventory step-up amortization and acquisition costs | 1.6 | 0.2 | - | - | - | 0.2 | - | - | - | - | - | |||||||||||
Impairment charges | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Losses (gains) from acquisitions and disposals | - | 1.1 | 2.0 | - | - | 3.1 | 2.3 | (0.1) | (0.1) | 0.1 | 2.2 | |||||||||||
Losses (gains) from insurance | - | - | - | - | - | - | - | 0.3 | - | - | 0.3 | |||||||||||
Losses (gains) from litigation | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Losses on extinguishment of debt | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Total non-comparable items | 1.6 | 1.3 | 2.1 | 0.3 | - | 3.7 | 2.3 | 0.2 | - | 0.1 | 2.6 | |||||||||||
Adjusted EBIT | 540.2 | 102.4 | 126.0 | 159.8 | 136.3 | 524.5 | 110.7 | 155.2 | 180.8 | 173.3 | 620.0 | |||||||||||
Depreciation | 33.3 | 8.7 | 9.0 | 8.9 | 9.0 | 35.6 | 9.2 | 9.1 | 9.1 | 9.2 | 36.6 | |||||||||||
Amortization | 16.1 | 4.1 | 4.0 | 4.1 | 4.1 | 16.3 | 4.0 | 4.0 | 4.2 | 3.9 | 16.1 | |||||||||||
Adjusted EBITDA | $ | 589.6 | $ | 115.2 | $ | 139.0 | $ | 172.8 | $ | 149.4 | $ | 576.4 | $ | 123.9 | $ | 168.3 | $ | 194.1 | $ | 186.4 | $ | 672.7 |
Divided by: | ||||||||||||||||||||||
Total revenues | $ | 2,543.2 | $ | 519.8 | $ | 578.6 | $ | 646.3 | $ | 590.7 | $ | 2,335.4 | $ | 556.4 | $ | 722.8 | $ | 783.9 | $ | 783.1 | $ | 2,846.2 |
Adjusted EBITDA margin | 23.2 | % | 22.2 | % | 24.0 | % | 26.7 | % | 25.3 | % | 24.7 | % | 22.3 | % | 23.3 | % | 24.8 | % | 23.8 | % | 23.6 | % |
Carlisle Weatherproofing Technologies(1)
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(in millions) | FY19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | FY20 | 1Q21 | 2Q21 | 3Q21 | 4Q21 | FY21 | |||||||||||
Operating income (GAAP) | $ | 37.4 | $ | 6.2 | $ | 11.4 | $ | 21.6 | $ | 18.2 | $ | 57.4 | $ | 10.6 | $ | 22.4 | $ | 6.0 | $ | 25.4 | $ | 64.4 |
Non-operating expense (income)(2)
| 0.5 | (0.1) | 0.3 | 0.1 | 0.1 | 0.4 | (0.1) | 0.1 | 0.1 | (0.5) | (0.4) | |||||||||||
EBIT | 36.9 | 6.3 | 11.1 | 21.5 | 18.1 | 57.0 | 10.7 | 22.3 | 5.9 | 25.9 | 64.8 | |||||||||||
Exit and disposal, and facility rationalization costs | 0.3 | 0.1 | 0.1 | 0.3 | 0.1 | 0.6 | - | - | - | 0.4 | 0.4 | |||||||||||
Inventory step-up amortization and acquisition costs | 1.0 | - | - | 0.2 | (0.3) | (0.1) | - | - | 22.3 | 2.1 | 24.4 | |||||||||||
Impairment charges | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Losses (gains) from acquisitions and disposals | 0.1 | (0.8) | - | - | 4.7 | 3.9 | - | - | 0.1 | (0.1) | - | |||||||||||
Losses (gains) from insurance | - | - | - | - | (0.7) | (0.7) | - | 0.2 | - | 0.2 | 0.4 | |||||||||||
Losses (gains) from litigation | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Losses on extinguishment of debt | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Total non-comparable items | 1.4 | (0.7) | 0.1 | 0.5 | 3.8 | 3.7 | - | 0.2 | 22.4 | 2.6 | 25.2 | |||||||||||
Adjusted EBIT | 38.3 | 5.6 | 11.2 | 22.0 | 21.9 | 60.7 | 10.7 | 22.5 | 28.3 | 28.5 | 90.0 | |||||||||||
Depreciation | 9.9 | 3.5 | 3.5 | 2.9 | 2.7 | 12.6 | 2.7 | 2.9 | 3.8 | 6.3 | 15.7 | |||||||||||
Amortization | 34.6 | 8.5 | 8.5 | 8.5 | 8.0 | 33.5 | 7.5 | 7.5 | 14.3 | 16.3 | 45.6 | |||||||||||
Adjusted EBITDA | $ | 82.8 | $ | 17.6 | $ | 23.2 | $ | 33.4 | $ | 32.6 | $ | 106.8 | $ | 20.9 | $ | 32.9 | $ | 46.4 | $ | 51.1 | $ | 151.3 |
Divided by: | ||||||||||||||||||||||
Total revenues | $ | 690.1 | $ | 156.6 | $ | 156.3 | $ | 177.2 | $ | 170.1 | $ | 660.2 | $ | 162.9 | $ | 214.5 | $ | 281.9 | $ | 331.2 | $ | 990.5 |
Adjusted EBITDA margin | 12.0 | % | 11.2 | % | 14.8 | % | 18.8 | % | 19.2 | % | 16.2 | % | 12.8 | % | 15.3 | % | 16.5 | % | 15.4 | % | 15.3 | % |
Legacy Carlisle Construction Materials | ||||||||||||||||||||||
(in millions) | FY19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | FY20 | 1Q21 | 2Q21 | 3Q21 | 4Q21 | FY21 | |||||||||||
Operating income (GAAP) | $ | 576.0 | $ | 107.7 | $ | 137.6 | $ | 181.3 | $ | 155.0 | $ | 581.6 | $ | 121.3 | $ | 177.4 | $ | 187.1 | $ | 198.5 | $ | 684.3 |
Non-operating expense(income)(1)
| 0.5 | 0.3 | 2.6 | 0.3 | 0.6 | 3.8 | 2.2 | 0.1 | 0.4 | (0.6) | 2.1 | |||||||||||
EBIT | 575.5 | 107.4 | 135.0 | 181.0 | 154.4 | 577.8 | 119.1 | 177.3 | 186.7 | 199.1 | 682.2 | |||||||||||
Exit and disposal, and facility rationalization costs | 0.3 | 0.1 | 0.2 | 0.6 | 0.1 | 1.0 | - | - | 0.1 | 0.4 | 0.5 | |||||||||||
Inventory step-up amortization and acquisition costs | 2.6 | 0.2 | - | 0.2 | (0.3) | 0.1 | - | - | 22.3 | 2.1 | 24.4 | |||||||||||
Impairment charges | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Losses (gains) from acquisitions and disposals | 0.1 | 0.3 | 2.0 | - | 4.7 | 7.0 | 2.3 | (0.1) | - | - | 2.2 | |||||||||||
Losses (gains) from insurance | - | - | - | - | (0.7) | (0.7) | - | 0.5 | - | 0.2 | 0.7 | |||||||||||
Losses (gains) from litigation | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Losses on extinguishment of debt | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
Total non-comparable items | 3.0 | 0.6 | 2.2 | 0.8 | 3.8 | 7.4 | 2.3 | 0.4 | 22.4 | 2.7 | 27.8 | |||||||||||
Adjusted EBIT | 578.5 | 108.0 | 137.2 | 181.8 | 158.2 | 585.2 | 121.4 | 177.7 | 209.1 | 201.8 | 710.0 | |||||||||||
Depreciation | 43.2 | 12.2 | 12.5 | 11.8 | 11.7 | 48.2 | 11.9 | 12.0 | 12.9 | 15.5 | 52.3 | |||||||||||
Amortization | 50.7 | 12.6 | 12.5 | 12.6 | 12.1 | 49.8 | 11.5 | 11.5 | 18.5 | 20.2 | 61.7 | |||||||||||
Adjusted EBITDA | $ | 672.4 | $ | 132.8 | $ | 162.2 | $ | 206.2 | $ | 182.0 | $ | 683.2 | $ | 144.8 | $ | 201.2 | $ | 240.5 | $ | 237.5 | $ | 824.0 |
Divided by: | ||||||||||||||||||||||
Total revenues | $ | 3,233.3 | $ | 676.4 | $ | 734.9 | $ | 823.5 | $ | 760.8 | $ | 2,995.6 | $ | 719.3 | $ | 937.3 | $ | 1,065.8 | $ | 1,114.3 | $ | 3,836.7 |
Adjusted EBITDA margin | 20.8 | % | 19.6 | % | 22.1 | % | 25.0 | % | 23.9 | % | 22.8 | % | 20.1 | % | 21.5 | % | 22.6 | % | 21.3 | % | 21.5 | % |
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Carlisle Companies Inc. published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 20:17:21 UTC.