Carlisle Companies Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue rose 9% and adjusted EPS reached a record $5.92, while inflation compressed margins. Q4 revenue is expected to grow high single digits, with price-cost parity targeted by year-end and pricing expected to benefit 2027.
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Record Q2 revenue and EPS were achieved despite inflation and supply chain disruptions, driven by strong reroofing demand and strategic initiatives. Full-year revenue outlook was raised, though margin guidance was lowered due to cost pressures, with pricing actions expected to offset inflation by year-end.
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Q1 2026 saw revenue decline 4% year-over-year due to weather and prior-year order pull-forward, but adjusted EPS rose 1% and margins improved on strong cost discipline. Full-year guidance was reaffirmed, with higher-end revenue growth driven by price increases to offset raw material inflation.
Fiscal Year 2025
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2025 saw strong cash flow, disciplined capital returns, and resilient performance despite market headwinds. 2026 guidance calls for low single-digit revenue growth, margin expansion, and continued focus on innovation and M&A, with Vision 2030 targets reaffirmed.
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Q3 2025 revenue grew 1% year-over-year to $1.3 billion, with strong reroofing demand offsetting new construction weakness. Adjusted EBITDA margin declined to 25.9%, and full-year guidance was revised to flat revenue and a 250 bps margin decline.
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Q2 2025 delivered record adjusted EPS of $6.27 on flat revenue, with strong commercial re-roofing offsetting new construction softness. Full-year guidance was revised lower due to persistent market headwinds, but robust cash flow and innovation investments support long-term growth.
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Q1 2025 revenue was flat year-over-year at $1.1B, with adjusted EPS down 3% amid residential market weakness and weather impacts. Guidance for 2025 is reaffirmed, targeting mid-single-digit revenue growth, margin expansion, and over 10% EPS growth, supported by strong reroofing demand and innovation.
Fiscal Year 2024
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Record 2024 results included 30% adjusted EPS growth and strong margin expansion, driven by recurring reroofing revenue and successful acquisitions. 2025 guidance calls for mid-single-digit revenue growth, double-digit EPS growth, and continued margin improvement, with innovation and M&A as key drivers.
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Record Q3 results with 6% sales growth and 24% EPS increase, driven by strong reroofing demand and operational efficiencies. Outlook for 2024 slightly lowered due to residential softness, but margin expansion and robust cash flow reaffirmed.
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Q2 2024 saw 11% sales growth, record margins, and strong cash flow, driven by reroofing demand, operational efficiency, and strategic M&A. Full-year guidance was raised, with robust liquidity and continued focus on innovation and capital returns.