CARLISLE COMPANIES INC. Files 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>CARLISLE COMPANIES INC. has filed its annual 10-K report for the fiscal year ending December 31, 2023, detailing its financial performance and business operations.</b>

AI Summary

CARLISLE COMPANIES INC (CSL) filed a Annual Report (10-K) with the SEC on February 16, 2024. CARLISLE COMPANIES INC. filed its 10-K report for the fiscal year ending December 31, 2023. The company is incorporated in Delaware and headquartered in Scottsdale, Arizona. The filing covers the period from January 1, 2023, to December 31, 2023. The SIC code for the company is 3060 (Fabricated Rubber Products, NEC). The filing number is 001-09278.

Why It Matters

For investors and stakeholders tracking CARLISLE COMPANIES INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Carlisle Companies Inc.'s financial health, operational performance, and strategic direction for the fiscal year 2023, which is crucial for investors to assess the company's value and future prospects. As a public company, Carlisle Companies Inc. is required to disclose detailed financial information and business activities annually, making this filing a key document for understanding its market position and regulatory compliance.

Risk Assessment

Risk Level: medium — CARLISLE COMPANIES INC shows moderate risk based on this filing. The risk level is medium due to the nature of a 10-K filing, which inherently contains detailed financial and operational information that can reveal both strengths and weaknesses, impacting investor perception and stock price.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to make informed decisions about Carlisle Companies Inc.'s stock.

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-02-16 — Filing Date (The date the 10-K was filed with the SEC.)
• 001-09278 — SEC File Number (The SEC file number associated with the company.)
• 3060 — SIC Code (Standard Industrial Classification code for the company's industry.)

Key Players & Entities

• CARLISLE COMPANIES INC. (company) — Filer name
• 2023-12-31 (date) — Conformed period of report
• 2024-02-16 (date) — Filed as of date
• DE (jurisdiction) — State of incorporation
• Scottsdale, AZ (location) — Business address city and state
• 480-781-5000 (phone) — Business phone
• 001-09278 (filing_id) — SEC file number
• 3060 (sic_code) — Standard Industrial Classification

FAQ

Industry Context

Carlisle Companies Inc. operates within the fabricated rubber products sector, a segment of the broader manufacturing industry. This sector is characterized by the production of goods made from rubber, often for industrial or consumer applications.

Regulatory Implications

As a publicly traded company in the United States, Carlisle Companies Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the annual filing of Form 10-K.

What Investors Should Do

1. Review the full 10-K filing for detailed financial statements and management discussion.
2. Analyze the company's business segments and operational performance for fiscal year 2023.
3. Assess any disclosed risk factors and their potential impact on future performance.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-16: Filing Date — The date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year ending December 31, 2023. Previous filings would cover earlier periods.

Key Financial Figures

• $1 — ange on which registered Common stock, $1 par value CSL New York Stock Exchange
• $28.7 m — research and development expenses were $28.7 million, $19.0 million and $16.4 million,
• $19.0 million — evelopment expenses were $28.7 million, $19.0 million and $16.4 million, representing 0.6%, 0
• $16.4 m — s were $28.7 million, $19.0 million and $16.4 million, representing 0.6%, 0.3% and 0.4%
• $15 — ny. Carlisle's minimum starting wage is $15 per hour for our entire U.S. workforce.

Filing Documents

• csl-20231231.htm (10-K) — 2897KB
• a2023-exhibit41.htm (EX-4.1) — 15KB
• a2023-exhibit211.htm (EX-21.1) — 5KB
• a2023-exhibit231.htm (EX-23.1) — 3KB
• a2023-exhibit311.htm (EX-31.1) — 11KB
• a2023-exhibit312.htm (EX-31.2) — 11KB
• a2023-exhibit321.htm (EX-32.1) — 8KB
• a2023-exhibit971.htm (EX-97.1) — 37KB
• csl-20231231_g1.jpg (GRAPHIC) — 98KB
• csl-20231231_g2.jpg (GRAPHIC) — 105KB
• 0000790051-24-000058.txt (&nbsp;) — 16763KB
• csl-20231231.xsd (EX-101.SCH) — 84KB
• csl-20231231_cal.xml (EX-101.CAL) — 178KB
• csl-20231231_def.xml (EX-101.DEF) — 509KB
• csl-20231231_lab.xml (EX-101.LAB) — 1261KB
• csl-20231231_pre.xml (EX-101.PRE) — 851KB
• csl-20231231_htm.xml (XML) — 3114KB

Business

Item 1. Business. 3

Risk Factors

Item 1A. Risk Factors. 9

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments. 13

C . Cybersecurity

Item 1 C . Cybersecurity . 13

Properties

Item 2. Properties. 13

Legal Proceedings

Item 3. Legal Proceedings. 13

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 13 Part II 14

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 14

[Reserved]

Item 6. [Reserved] 15

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. 16

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk. 32

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data. 34 Report of Independent Registered Public Accounting Firm (PCAOB ID 34 ) 34 Consolidated Statements of Income and Comprehensive Income 37 Consolidated Balance Sheets 38 Consolidated Statements of Cash Flows 39 Consolidated Statements of Stockholders' Equity 40

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 41

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 74

Controls and Procedures

Item 9A. Controls and Procedures. 74

Other Information

Item 9B. Other Information. 75

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 77 Part III 76

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 76

Executive Compensation

Item 11. Executive Compensation. 76

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 77

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 77

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services. 77 Part IV 77

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules. 77

Form 10-K Summary

Item 16. Form 10-K Summary. 79

Signatures

Signatures 80 Table of Contents PART I

Business

Item 1. Business. Overview Carlisle Companies Incorporated ("Carlisle", the "Company", "we", "us" or "our") is a leading manufacturer and supplier of innovative building envelope products and solutions that enable greater energy efficiency in buildings. Through our family of leading brands in our building products businesses, we provide labor-reducing and environmentally responsible solutions to contractors and building owners with a keen focus on delivering the best-in-class Carlisle Experience to all channel partners. Our Company website is www.carlisle.com , through which we make available, free of charge, our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and all amendments to those reports, as soon as reasonably practicable after these reports are electronically filed with or furnished to the Securities and Exchange Commission ("SEC"). Information on, or that can be accessed through, our website is not incorporated by reference and should not be considered part of this Annual Report on Form 10-K. All references to "Notes" refer to our Notes to Consolidated Financial Statements in this Annual Report on Form 10-K. Business Strategy We strive to be a leading manufacturer and supplier of innovative building envelope products and solutions that enable greater energy efficiency in buildings in the various markets we serve. Our recently launched strategic plan, Vision 2030, builds on our track record of success following the pivot of Carlisle's portfolio of general industrial businesses to a pure play building products company. Vision 2030 aims to leverage mega trends around energy efficiency, labor savings and the re-roofing cycle to generate above market growth driven by innovation, the Carlisle Experience and the Carlisle Operating System ("COS"). Key pillars of this strategic plan, which provides clarity, alignment, and are well-ingrained throughout the Company to guide our value-creating strategy going forward, in

View Full Filing

View this 10-K filing on SEC EDGAR