Carlisle Companies Inc (MEX:CSL1)

MXN 8041.64 0 (0%) Market Cap: 415.71 Bil Enterprise Value: 431.01 Bil PE Ratio: 16.11 PB Ratio: 7.48 GF Score: 87/100

Q2 2024 Carlisle Companies Inc Earnings Call Transcript

Jul 24, 2024 / 09:00PM GMT

Transcript 10-Q8-K

Key Points

Positve

Carlisle Companies Inc (CSL) reported double-digit sales growth of 11% year-over-year, reaching $1.5 billion.
Adjusted EPS increased by 33% to $6.24, reflecting strong operational performance.
The CCM segment delivered 15% revenue growth and a 220 basis point expansion in adjusted EBITDA margin.
The company completed the acquisition of MTL, which is expected to deliver $20 million in annual synergies by year three.
Carlisle Companies Inc (CSL) raised its full-year 2024 revenue growth outlook to approximately 12%, up from 10% previously.

Negative

Higher interest rates are negatively affecting homebuyer demand and repair and remodel activities in the residential markets.
CWT segment experienced a slight decline in organic sales, down approximately 1% year-over-year.
The company faced challenges in maintaining pricing power, with some segments experiencing lower pricing.
Inventory levels remain historically lean, which could impact service levels if demand surges unexpectedly.
The company noted ongoing affordability headwinds and changes in consumer spending patterns affecting the residential market.

Editor

(audio streaming in progress)

Operator

Thanks. Good afternoon, ladies and gentlemen, and welcome to the Carlisle Companies Second Quarter 2024 earnings conference call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require assistance, please press star zero for the operator. This call is being recorded on the 24th of July 2024. I would now like to turn the conference over to Mal Patel, Carlyle's Vice President of Investor Relations.

Mehul S. Patel

Carlisle Companies Incorporated - VP, IR

Thank you, and good afternoon, everyone. Welcome to Carlisle's Second Quarter 2020 for earnings up. I'm level but our Head of Investor Relations for Carlyle. We released our second quarter 2024 financial results today, and you can find both in our press release and presentation for today's call in Investor Relations section of our website.

On the call with me today are Chris Coke, our Board Chair, President and CEO, along

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.