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.
CSL reported Q1 EPS of $3.63, beating estimates, but revenues fell 4% and missed expectations.
Carlisle saw declines in both segments, hurt by weak construction and soft end-market demand.
CSL expects low single-digit revenue growth in 2026 with modest EBITDA margin expansion.
Carlisle Companies Incorporated (CSL - Free Report) reported first-quarter 2026 adjusted earnings of $3.63 per share, which beat the Zacks Consensus Estimate of $3.31. However, the bottom line increased 1% year over year.
Carlisle’s total revenues of $1.05 billion missed the consensus estimate of $1.06 billion and decreased 4% year over year. Organic revenues fell 5% year over year. Acquisitions boosted the top line by 0.4% while foreign-currency translation had a positive impact of 0.6%.
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 decreased 5.1% year over year to $758.1 million. Our estimate for segmental revenues was $780.5 million. Organic revenues decreased 5.8%. Revenues were offset by the weakness in the new construction market. Adjusted EBITDA of $208 million decreased 4% year over year.
Revenues from the Carlisle Weatherproofing Technologies segment decreased 1.1% year over year to $294 million, due to continued softness in residential and non-residential end markets. Our estimate for segmental revenues was $285.7 million. Organic revenues slipped 3%. Adjusted EBITDA of $45 million declined 3% year over year.
Carlisle Companies Incorporated Price, Consensus and EPS Surprise
Carlisle’s cost of sales decreased 3% year over year to $688.9 million. Selling and administrative expenses decreased 11.4% to $171.8 million. Research and development expenses totaled $12.1 million, up 13.1% year over year.
CSL recorded an operating income of $180.3 million, down 1.8% year over year. However, the operating margin increased 30 basis points to 17.1% from the year-ago quarter. Our estimate for the operating margin was pegged at 14.4%.
Carlisle’s Balance Sheet and Cash Flow
At the end of the first quarter, Carlisle had cash and cash equivalents of $771.3 million compared with $1.11 billion at the end of 2025. Long-term debt (including the current portion) was $2.89 billion, flat compared with the figure reported at the end of 2025.
In the first three months of 2026, CSL used net cash of $44.7 million for operating activities compared with $1.80 million cash used in the year-ago period.
In the same period, CSL rewarded its shareholders with a dividend payment of $45.7 million, up 1.1% year over year. The company bought back shares worth $250.0 million, down 37.5% year over year.
CSL’s Outlook
For 2026, Carlisle retained its outlook. The company expects revenues from the Construction Materials segment to increase in low single-digits, while the Weatherproofing Technologies segment is also projected to increase in low single-digits year over year.
For 2026, the company expects revenues to increase in low single digits on a year-over-year basis. Adjusted EBITDA margin is expected to increase approximately 50 bps. The free cash flow margin is expected to be more than 15%.
CSL Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #4 (Sell).
Graco Inc. (GGG - Free Report) posted quarterly earnings of 66 cents per share in the first quarter of 2026, missing the Zacks Consensus Estimate of 75 cents per share. This compares with earnings of 70 cents per share a year ago.
Graco posted revenues of $540.1 million for the quarter, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $528.3 million.
Danaher Corporation’s (DHR - Free Report) first-quarter 2026 adjusted earnings of $2.06 per share beat the Zacks Consensus Estimate of $1.95. The bottom line increased 9.6% year over year.
Danaher reported net sales of $5.95 billion, which missed the consensus estimate of $5.99 billion. However, the metric increased 3.5% year over year.
3M Company (MMM - Free Report) delivered adjusted earnings of $2.14 per share in the first quarter of 2026, which surpassed the Zacks Consensus Estimate of $2.02. The bottom line increased 14% year over year.
MMM’s adjusted revenues of $6.00 billion missed the consensus estimate of $6.02 billion. On an adjusted basis, organic revenues increased 1.2% year over year.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Carlisle Q1 Earnings Beat Estimates, Organic Revenues Decline Y/Y
Key Takeaways
Carlisle Companies Incorporated (CSL - Free Report) reported first-quarter 2026 adjusted earnings of $3.63 per share, which beat the Zacks Consensus Estimate of $3.31. However, the bottom line increased 1% year over year.
Carlisle’s total revenues of $1.05 billion missed the consensus estimate of $1.06 billion and decreased 4% year over year. Organic revenues fell 5% year over year. Acquisitions boosted the top line by 0.4% while foreign-currency translation had a positive impact of 0.6%.
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 decreased 5.1% year over year to $758.1 million. Our estimate for segmental revenues was $780.5 million. Organic revenues decreased 5.8%. Revenues were offset by the weakness in the new construction market. Adjusted EBITDA of $208 million decreased 4% year over year.
Revenues from the Carlisle Weatherproofing Technologies segment decreased 1.1% year over year to $294 million, due to continued softness in residential and non-residential end markets. Our estimate for segmental revenues was $285.7 million. Organic revenues slipped 3%. Adjusted EBITDA of $45 million declined 3% 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 decreased 3% year over year to $688.9 million. Selling and administrative expenses decreased 11.4% to $171.8 million. Research and development expenses totaled $12.1 million, up 13.1% year over year.
CSL recorded an operating income of $180.3 million, down 1.8% year over year. However, the operating margin increased 30 basis points to 17.1% from the year-ago quarter. Our estimate for the operating margin was pegged at 14.4%.
Carlisle’s Balance Sheet and Cash Flow
At the end of the first quarter, Carlisle had cash and cash equivalents of $771.3 million compared with $1.11 billion at the end of 2025. Long-term debt (including the current portion) was $2.89 billion, flat compared with the figure reported at the end of 2025.
In the first three months of 2026, CSL used net cash of $44.7 million for operating activities compared with $1.80 million cash used in the year-ago period.
In the same period, CSL rewarded its shareholders with a dividend payment of $45.7 million, up 1.1% year over year. The company bought back shares worth $250.0 million, down 37.5% year over year.
CSL’s Outlook
For 2026, Carlisle retained its outlook. The company expects revenues from the Construction Materials segment to increase in low single-digits, while the Weatherproofing Technologies segment is also projected to increase in low single-digits year over year.
For 2026, the company expects revenues to increase in low single digits on a year-over-year basis. Adjusted EBITDA margin is expected to increase approximately 50 bps. The free cash flow margin is expected to be more than 15%.
CSL Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Companies
Graco Inc. (GGG - Free Report) posted quarterly earnings of 66 cents per share in the first quarter of 2026, missing the Zacks Consensus Estimate of 75 cents per share. This compares with earnings of 70 cents per share a year ago.
Graco posted revenues of $540.1 million for the quarter, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $528.3 million.
Danaher Corporation’s (DHR - Free Report) first-quarter 2026 adjusted earnings of $2.06 per share beat the Zacks Consensus Estimate of $1.95. The bottom line increased 9.6% year over year.
Danaher reported net sales of $5.95 billion, which missed the consensus estimate of $5.99 billion. However, the metric increased 3.5% year over year.
3M Company (MMM - Free Report) delivered adjusted earnings of $2.14 per share in the first quarter of 2026, which surpassed the Zacks Consensus Estimate of $2.02. The bottom line increased 14% year over year.
MMM’s adjusted revenues of $6.00 billion missed the consensus estimate of $6.02 billion. On an adjusted basis, organic revenues increased 1.2% year over year.