Overview

• Carlisle Q2 revenue flat at $1.4 bln, missing analyst expectations

• The maker of engineered products posts record adjusted EPS of $6.27 despite challenges in new construction market

• Co repurchased 0.8 mln shares for $300 mln, acquired Bonded Logic

Outlook

• Carlisle sees FY 2025 revenue growth in low-single-digit range

• Company anticipates FY 2025 adj EBITDA margins down 150 bps

• Carlisle expects CCM and CWT revenue up low-single-digit percentage

Result Drivers

• RE-ROOFING MARKET - Strong performance in commercial re-roofing markets contributed to stable revenue, per CEO Chris Koch

• RESIDENTIAL MARKET WEAKNESS - Continued declines in residential end-markets negatively impacted CWT segment sales

• ACQUISITIONS - Recent acquisitions, including Bonded Logic, supported revenue and expanded product offerings

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

• Wall Street's median 12-month price target for Carlisle Companies Inc is $460.00, about 7.8% above its July 29 closing price of $424.27

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nBwYFKVVa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)