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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 faced negative drivers over the recent 3 months. Weak construction conditions led to margin compression. Despite a 1% year-over-year revenue growth to $1.3 billion, organic revenues declined. The company's Q3 earnings beat estimates, but were marked by mixed results, with stable revenue supported by acquisitions and re-roofing, but declining margins. An increase in medical care costs and high debt levels added pressure. Carlisle's rating was cut to "Hold" by some brokerages, with one research analyst issuing a sell recommendation. The company, however, issued $1.0 billion of debt to provide additional financial flexibility and increased its share repurchase target to $1.3 billion.

1.c. Company Highlights

2. Carlisle Companies' Q3 2025 Earnings: A Resilient Performance Amidst Challenges

Carlisle Companies reported revenues of $1.3 billion for Q3 2025, a 1% increase year-over-year, with adjusted EPS of $5.61, beating analyst estimates of $5.47. The company's adjusted EBITDA margin was 25.9%, a decrease of 170 basis points from the prior year. The CCM segment continued to execute on its Vision 2030 initiatives, maintaining an adjusted EBITDA margin of over 30%. As D. Koch mentioned, "Reroofing demand remains strong, driven by the aging commercial building stock, energy efficiency mandates, and our premium warranties."

Publication Date: Nov -02

📋 Highlights
  • Revenue Growth: Revenues reached $1.3 billion, up 1% year-over-year.
  • Revenue Growth: Revenues reached $1.3 billion, up 1% year-over-year.
  • EBITDA Margin Decline: Adjusted EBITDA margin fell to 25.9%, down 170 basis points from prior year.
  • Share Buybacks: Share repurchase target raised to $1.3 billion, with $1.1 billion in cash reserves.
  • Free Cash Flow: Generated $620 million in free cash flow YTD 2025, on track for 15% margin target.
  • 2030 Strategic Targets: Maintains $40 adjusted EPS and 25%+ ROIC goals under Vision 2030.

Segment Performance

The CWT segment faced challenges due to suppressed demand caused by elevated mortgage rates and affordability issues. However, the company remains confident in its ability to expand margins through operational initiatives and strategic growth initiatives. The CCM segment's strong performance was driven by reroofing demand, while CWT's underlying business performance was consistent with expectations.

Guidance and Outlook

The company revised its full-year 2025 guidance to flat revenue with adjusted EBITDA margin down 250 basis points. For Q4 2025, CCM revenue is expected to be down low single digits, while CWT revenue is expected to increase low single digits. Analysts estimate next year's revenue growth at 3.1%. The company's focus on Vision 2030 targets and factors within its control, such as innovation-driven organic growth and operational excellence, is expected to drive value creation.

Valuation and Metrics

With a P/E Ratio of 17.8 and an EV/EBITDA of 12.65, the company's valuation appears reasonable. The ROIC of 18.95% and ROE of 35.51% indicate strong profitability. The Net Debt / EBITDA ratio of 1.43 suggests a manageable debt burden. The Free Cash Flow Yield of 6.9% is attractive, indicating a potential upside in the stock.

Capital Allocation

The company has deployed $1 billion in share repurchases, taking advantage of valuation opportunities, and has raised its share buyback target to $1.3 billion for the year. This demonstrates the company's commitment to maximizing long-term value creation through its capital allocation strategy.

3. NewsRoom

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Critical Comparison: Livento Group (OTCMKTS:NUGN) versus Carlisle Companies (NYSE:CSL)

Dec -01

Source: defenseworld.net

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Carlisle Companies Incorporated $CSL Stake Reduced by Boston Partners

Nov -29

Source: defenseworld.net

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Carlisle Companies Incorporated $CSL Shares Sold by Advisors Asset Management Inc.

Nov -28

Source: defenseworld.net

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Bahl & Gaynor Inc. Decreases Stock Position in Carlisle Companies Incorporated $CSL

Nov -22

Source: defenseworld.net

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Bank Julius Baer & Co. Ltd Zurich Has $6.75 Million Stake in Carlisle Companies Incorporated $CSL

Nov -22

Source: defenseworld.net

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New Strong Sell Stocks for Nov. 20th

Nov -20

Source: zacks.com

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ABN Amro Investment Solutions Takes $5.17 Million Position in Carlisle Companies Incorporated $CSL

Nov -14

Source: defenseworld.net

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The Most Important Investment Lessons I've Ever Shared

Nov -09

Source: seekingalpha.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

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Yield: 2.0

Momentum: 8.5

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Installed Building Products

A-Score: 4.8/10

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Growth: 9.0

Quality: 5.6

Yield: 2.0

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Volatility: 4.0

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Carlisle

A-Score: 4.5/10

Value: 4.0

Growth: 8.0

Quality: 5.2

Yield: 2.0

Momentum: 1.0

Volatility: 6.7

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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

323.68$

Current Price

323.68$

Potential

-0.00%

Expected Cash-Flows