Shares of Carlisle Companies (NYSE: CSL) plummeted 5.89% in after-hours trading on Wednesday following the release of its second-quarter earnings report and revised full-year outlook. The engineered products manufacturer reported disappointing results that fell short of analyst expectations, prompting investors to reassess their positions.
Carlisle's Q2 adjusted earnings per share came in at $6.27, missing the consensus estimate of $6.64. While this figure represents a slight increase from $6.24 in the same quarter last year, it failed to meet market expectations. Revenue for the quarter remained relatively flat at $1.45 billion, falling short of the projected $1.49 billion. The company's net income for the quarter stood at $255.8 million.
Adding to investor concerns, Carlisle revised its full-year 2025 outlook downward. The company now anticipates low-single-digit revenue growth, a significant reduction from its previous forecast of mid-single-digit growth. Additionally, Carlisle expects its adjusted EBITDA margin to decline by 150 basis points. This downward revision reflects lower volume expectations and limited success in implementing price increases announced earlier in the year. The company cited ongoing challenges in the new construction market, particularly in the residential sector, as a key factor impacting its performance.