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1. Company Snapshot

1.a. Company Description

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally.It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.The Carlisle Construction Materials segment produces building envelopes for commercial, industrial, and residential buildings, including single-ply roofing products, rigid foam insulations, spray polyurethane foam, architectural metal products, heating, ventilation and air conditioning hardware and sealants, waterproofing products, and air and vapor barrier systems.


The Carlisle Interconnect Technologies segment produces wires and cables, including optical fiber for the commercial aerospace, military and defense electronics, medical device, industrial, and test and measurement markets.It also offers sensors, connectors, contacts, cable assemblies, complex harnesses, racks, trays, and installation kits, as well as engineering and certification services.The Carlisle Fluid Technologies segment produces engineered liquid products, powder products, sealants and adhesives finishing equipment, and integrated system solutions for spraying, pumping, mixing, metering, and curing of coatings used in the automotive manufacture, general industrial, protective coating, wood, and specialty and automotive refinishing markets.


The company sells its products under the Carlisle, Binks, DeVilbiss, Ransburg, BGK, MS Powder, Thermax, Tri-Star, LHi Technology, Providien, SynTec, Weatherbond, Hunter Panels, Resitrix, Hertalan, Insulfoam, and Versico brands.Carlisle Companies Incorporated was founded in 1917 and is headquartered in Scottsdale, Arizona.

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1.b. Last Insights on CSL

Carlisle Companies Incorporated's recent performance is driven by a projected rebound in U.S. residential construction, fueled by lower interest and mortgage rates. The company's Q4 earnings beat estimates, with revenue growth modestly positive, despite organic sales weakness and tightened margins. A $1.1 billion operating cash flow in 2025 and $300 million share repurchases in Q4 underscore the company's financial strength. With 74% of revenue from construction materials, Carlisle is poised to benefit from a cyclical construction recovery, supporting valuation upside.

1.c. Company Highlights

2. Carlisle's Q4 2025 Earnings: A Resilient Performance Amidst Challenges

Carlisle reported a resilient financial performance in Q4 2025, with consolidated revenues of $1.1 billion, a 0.4% increase compared to the prior year. Adjusted EBITDA was $249 million, resulting in an adjusted EBITDA margin of 22.1%. The company's adjusted EPS was $3.90, beating analyst estimates of $3.6. For the full-year 2025, Carlisle achieved revenue of $5 billion, with adjusted EPS of $19.40 and adjusted EBITDA margins of 24.4%. The strong cash flow performance enabled the company to return $346 million to shareholders through share repurchases and dividends in the fourth quarter.

Publication Date: Feb -16

📋 Highlights
  • 2025 Full-Year Performance:: Revenue reached $5 billion, with adjusted EPS of $19.40 and adjusted EBITDA margins of 24.4%.
  • Shareholder Returns:: $1.3 billion in share repurchases and $181 million in dividends, including $346 million returned in Q4 alone.
  • 2026 Guidance:: Projects low single-digit revenue growth and 50 basis points of adjusted EBITDA margin expansion, targeting $40 adjusted EPS by 2030.
  • CCM Reroofing Resilience:: Accounts for 70% of CCM sales, with mid-single-digit demand growth forecasted, offsetting weaker new construction markets.
  • Financial Position:: Ended 2025 with $1.1 billion in cash and $1 billion available under a revolving credit facility, maintaining a 25% ROIC target.

Segment Performance

The Carlisle Construction Materials (CCM) segment reported fourth-quarter revenue of $827 million, a 0.8% decline year over year. Adjusted EBITDA for CCM was $222 million, a 10% decline from the prior year, due to continued investments in innovation and strategic initiatives. On the other hand, the Carlisle Weatherproofing Technologies (CWT) segment reported fourth-quarter revenues of $301 million, up 4% year over year, supported by revenues from recent acquisitions.

Outlook and Guidance

Carlisle expects low single-digit revenue growth and 50 basis points of adjusted EBITDA margin expansion in 2026. The company's reroofing business is expected to drive growth, with mid-single-digit growth forecasted in reroofing demand. The harsh weather in the first quarter is expected to impact revenue, but a strong construction season is expected to follow, leading to flat revenue in the second quarter and a strong second half of the year.

Valuation and Return Metrics

With a P/E Ratio of 22.92 and an EV/EBITDA of 15.73, Carlisle's valuation appears reasonable considering its growth prospects. The company's return on invested capital (ROIC) of 18.01% and return on equity (ROE) of 36.69% are impressive, indicating a strong ability to generate returns for shareholders. Additionally, the dividend yield of 1.03% and free cash flow yield of 5.55% provide a decent return for income-focused investors.

Key Drivers and Risks

The company's distribution disruption progress is expected to benefit Carlisle in 2026. However, labor shortages and new construction market softness are potential risks. The expected rebound in the new construction market could put upward pressure on pricing in the second half of 2026. Analysts estimate revenue growth at 4.2% for the next year, which is slightly higher than the company's guidance.

3. NewsRoom

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Carlisle Companies to Announce First Quarter 2026 Results on April 23, 2026

Apr -09

Source: businesswire.com

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4 Diversified Operations Stocks to Watch Despite Industry Headwinds

Apr -01

Source: zacks.com

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Carlisle Companies Incorporated $CSL Shares Sold by Allspring Global Investments Holdings LLC

Mar -31

Source: defenseworld.net

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Carlisle Companies Incorporated (NYSE:CSL) Receives Consensus Rating of “Hold” from Analysts

Mar -29

Source: defenseworld.net

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Carlisle Companies Publishes 2025 Annual Report

Mar -25

Source: businesswire.com

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Procyon Advisors LLC Increases Holdings in Carlisle Companies Incorporated $CSL

Mar -23

Source: defenseworld.net

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Comparing Hitachi (OTCMKTS:HTHIY) and Carlisle Companies (NYSE:CSL)

Mar -23

Source: defenseworld.net

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Carlisle Companies: A Strong Contender in the Building Products Sector

Mar -20

Source: fool.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.29%)

6. Segments

Carlisle Construction Materials

Expected Growth: 10%

Carlisle Construction Materials' 10% growth is driven by increasing demand for energy-efficient roofing and insulation products, expansion in the repair and remodeling market, and strategic acquisitions. Additionally, the segment benefits from a strong backlog, favorable pricing, and operational efficiencies. These factors, combined with a growing focus on sustainability, position the segment for continued growth.

Carlisle Weatherproofing Technologies

Expected Growth: 11%

Carlisle Weatherproofing Technologies' 11% growth is driven by increasing demand for energy-efficient and sustainable building solutions, expansion in the repair and remodeling market, and strategic acquisitions. Additionally, the segment benefits from its diversified customer base, including architects, builders, and contractors, as well as its strong brand reputation and innovative product offerings.

7. Detailed Products

Roofing Systems

Carlisle Companies Incorporated offers a wide range of roofing systems, including EPDM, TPO, and PVC membranes, as well as roofing accessories and components.

Architectural Metals

The company provides a variety of architectural metal products, including metal roofing, wall panels, and trim, as well as custom fabrication services.

Rail and Transit

Carlisle Companies Incorporated offers a range of products and services for the rail and transit industries, including rail fastening systems, track components, and signaling systems.

Aerospace and Defense

The company supplies a range of products and services to the aerospace and defense industries, including sealants, coatings, and composite materials.

Medical Technologies

Carlisle Companies Incorporated provides a range of medical technologies, including medical devices, components, and materials.

Interconnect Technologies

The company offers a range of interconnect technologies, including connectors, cables, and sensors, for various industries.

8. Carlisle Companies Incorporated's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Carlisle Companies Incorporated is moderate due to the availability of alternative products and services in the market.

Bargaining Power Of Customers

The bargaining power of customers for Carlisle Companies Incorporated is low due to the company's strong brand reputation and customer loyalty.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Carlisle Companies Incorporated is moderate due to the presence of multiple suppliers in the market.

Threat Of New Entrants

The threat of new entrants for Carlisle Companies Incorporated is high due to the low barriers to entry in the industry.

Intensity Of Rivalry

The intensity of rivalry for Carlisle Companies Incorporated is high due to the presence of several established competitors in the market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 44.73%
Debt Cost 4.21%
Equity Weight 55.27%
Equity Cost 8.47%
WACC 6.56%
Leverage 80.93%

11. Quality Control: Carlisle Companies Incorporated passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Armstrong World Industries

A-Score: 5.7/10

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Growth: 5.8

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Yield: 2.0

Momentum: 7.5

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A-Score: 5.0/10

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Quality: 5.7

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Carlisle

A-Score: 4.9/10

Value: 3.8

Growth: 8.0

Quality: 6.6

Yield: 2.0

Momentum: 2.0

Volatility: 7.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

359.97$

Current Price

359.97$

Potential

-0.00%

Expected Cash-Flows