We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Carlisle Q1 Earnings Beat, Construction Materials Sales Up Y/Y
Read MoreHide Full Article
Carlisle Companies Incorporated (CSL - Free Report) reported first-quarter 2025 adjusted earnings of $3.61 per share, which surpassed the Zacks Consensus Estimate of $3.53. However, the bottom line decreased 3% year over year.
Carlisle’s total revenues of $1,096 million narrowly missed the consensus estimate of $1,101 million. The top line inched down 0.1% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
CSL's Segmental Discussion
Carlisle has divested its Carlisle Interconnect Technologies segment. The company now reports under the following two segments.
Revenues from the Carlisle Construction Materials segment increased 2% year over year to $799 million. Our estimate for segmental revenues was $791.4 million. Organic revenues decreased 1%. Revenues were driven by contributions from the MTL acquisition and healthy end-market demand, partially offset by the adverse impact from weather and lower carryover pricing from the previous year. Adjusted EBITDA of $217 million decreased 5% year over year.
Revenues from the Carlisle Weatherproofing Technologies segment decreased 5% year over year to $297 million, due to lower construction activities, partially offset by the buyouts of Plasti-Fab and ThermaFoam. Our estimate for segmental revenues was $324.9 million. Organic revenues slipped 12%. Adjusted EBITDA of $46 million declined 28% year over year.
Carlisle Companies Incorporated Price, Consensus and EPS Surprise
Carlisle’s cost of sales increased 1.8% year over year to $710.1 million. Selling and administrative expenses increased 16.3% to $194 million. Research and development expenses totaled $10.7 million, up 16.3% year over year.
CSL recorded an operating income of $183.6 million, down 18.4% year over year. The operating margin decreased 370 basis points to 16.8% from the year-ago quarter. Our estimate for the operating margin was pegged at 16.9%.
Carlisle’s Balance Sheet and Cash Flow
At the end of the first quarter, Carlisle had cash and cash equivalents of $220.2 million compared with $753.5 million at the end of 2024. Long-term debt (including the current portion) was $1.89 billion, relatively stable compared with the figure reported at the end of 2024.
In the first three months of 2025, CSL generated net cash of $1.8 million from operating activities compared with $163.5 million in the year-ago period.
In the same period, CSL rewarded its shareholders with a dividend payment of $45.2 million, up 8.9% year over year. The company bought back shares worth $400 million, up 166.5% year over year.
CSL’s Outlook
The company reaffirmed its financial guidance for 2025. Management expects revenues to witness a mid-single-digit increase. It anticipates delivering earnings growth of more than 10% on a year-over-year basis. Adjusted EBITDA margin is expected to expand approximately 50 bps. The free cash flow margin is anticipated to be more than 15%.
Griffon Corporation (GFF - Free Report) currently sports a Zacks Rank of 1.
GFF delivered a trailing four-quarter average earnings surprise of 14.7%. In the past 60 days, the consensus estimate for Griffon’s fiscal 2025 (ending September 2025) earnings has increased 2.9%.
Astronics Corporation (ATRO - Free Report) currently sports a Zacks Rank of 1. ATRO delivered an earnings surprise of 128.6% in the last reported quarter. In the past 60 days, the Zacks Consensus Estimate for Astronics’ 2025 earnings has increased 3.5%.
AerSale Corporation (ASLE - Free Report) presently sports a Zacks Rank 1. ASLE delivered an earnings surprise of 28.6% in the last reported quarter. In the past 60 days, the consensus estimate for AerSale’s 2025 earnings has increased 32.1%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Carlisle Q1 Earnings Beat, Construction Materials Sales Up Y/Y
Carlisle Companies Incorporated (CSL - Free Report) reported first-quarter 2025 adjusted earnings of $3.61 per share, which surpassed the Zacks Consensus Estimate of $3.53. However, the bottom line decreased 3% year over year.
Carlisle’s total revenues of $1,096 million narrowly missed the consensus estimate of $1,101 million. The top line inched down 0.1% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
CSL's Segmental Discussion
Carlisle has divested its Carlisle Interconnect Technologies segment. The company now reports under the following two segments.
Revenues from the Carlisle Construction Materials segment increased 2% year over year to $799 million. Our estimate for segmental revenues was $791.4 million. Organic revenues decreased 1%. Revenues were driven by contributions from the MTL acquisition and healthy end-market demand, partially offset by the adverse impact from weather and lower carryover pricing from the previous year. Adjusted EBITDA of $217 million decreased 5% year over year.
Revenues from the Carlisle Weatherproofing Technologies segment decreased 5% year over year to $297 million, due to lower construction activities, partially offset by the buyouts of Plasti-Fab and ThermaFoam. Our estimate for segmental revenues was $324.9 million. Organic revenues slipped 12%. Adjusted EBITDA of $46 million declined 28% year over year.
Carlisle Companies Incorporated Price, Consensus and EPS Surprise
Carlisle Companies Incorporated price-consensus-eps-surprise-chart | Carlisle Companies Incorporated Quote
CSL’s Margin Profile
Carlisle’s cost of sales increased 1.8% year over year to $710.1 million. Selling and administrative expenses increased 16.3% to $194 million. Research and development expenses totaled $10.7 million, up 16.3% year over year.
CSL recorded an operating income of $183.6 million, down 18.4% year over year. The operating margin decreased 370 basis points to 16.8% from the year-ago quarter. Our estimate for the operating margin was pegged at 16.9%.
Carlisle’s Balance Sheet and Cash Flow
At the end of the first quarter, Carlisle had cash and cash equivalents of $220.2 million compared with $753.5 million at the end of 2024. Long-term debt (including the current portion) was $1.89 billion, relatively stable compared with the figure reported at the end of 2024.
In the first three months of 2025, CSL generated net cash of $1.8 million from operating activities compared with $163.5 million in the year-ago period.
In the same period, CSL rewarded its shareholders with a dividend payment of $45.2 million, up 8.9% year over year. The company bought back shares worth $400 million, up 166.5% year over year.
CSL’s Outlook
The company reaffirmed its financial guidance for 2025. Management expects revenues to witness a mid-single-digit increase. It anticipates delivering earnings growth of more than 10% on a year-over-year basis. Adjusted EBITDA margin is expected to expand approximately 50 bps. The free cash flow margin is anticipated to be more than 15%.
Zacks Rank
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Griffon Corporation (GFF - Free Report) currently sports a Zacks Rank of 1.
GFF delivered a trailing four-quarter average earnings surprise of 14.7%. In the past 60 days, the consensus estimate for Griffon’s fiscal 2025 (ending September 2025) earnings has increased 2.9%.
Astronics Corporation (ATRO - Free Report) currently sports a Zacks Rank of 1. ATRO delivered an earnings surprise of 128.6% in the last reported quarter. In the past 60 days, the Zacks Consensus Estimate for Astronics’ 2025 earnings has increased 3.5%.
AerSale Corporation (ASLE - Free Report) presently sports a Zacks Rank 1. ASLE delivered an earnings surprise of 28.6% in the last reported quarter. In the past 60 days, the consensus estimate for AerSale’s 2025 earnings has increased 32.1%.