Carlisle Companies Inc. Files 2024 10-K

TL;DR

CSL's 2024 10-K is in! Full financials and biz details for the year ending Dec 31, 2024.

AI Summary

Carlisle Companies Inc. filed its 2024 10-K on February 14, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Scottsdale, AZ, operates in the fabricated rubber products sector. Key financial data and operational details for the fiscal year 2024 are presented in this comprehensive filing.

Why It Matters

This filing provides investors and analysts with a detailed overview of Carlisle Companies' financial performance, strategic initiatives, and risk factors for the 2024 fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 2024 — Fiscal Year (Reporting period for the 10-K)
• 2023 — Prior Fiscal Year (For comparative financial analysis)
• 2022 — Prior Fiscal Year (For comparative financial analysis)

Key Players & Entities

• CARLISLE COMPANIES INC (company) — Filer of the 10-K
• 2024-12-31 (date) — Fiscal year end
• 2025-02-14 (date) — Filing date
• 16430 N. SCOTTSDALE RD. SUITE 400, SCOTTSDALE, AZ 85254 (address) — Company business and mail address
• 480-781-5000 (phone_number) — Company business phone

FAQ

Key Financial Figures

• $1 — ange on which registered Common stock, $1 par value CSL New York Stock Exchange
• $35.4 m — research and development expenses were $35.4 million, $28.7 million and $19.0 million,
• $28.7 million — evelopment expenses were $35.4 million, $28.7 million and $19.0 million, representing 0.7%, 0
• $19.0 m — s were $35.4 million, $28.7 million and $19.0 million, representing 0.7%, 0.6% and 0.3%
• $17 — ny. Carlisle's minimum starting wage is $17 per hour for our entire U.S. workforce.

Filing Documents

• csl-20241231.htm (10-K) — 2618KB
• a2024-exhibit41.htm (EX-4.1) — 15KB
• exhibit102-stockoptionagre.htm (EX-10.2) — 29KB
• exhibit103-restrictedshare.htm (EX-10.3) — 28KB
• exhibit105-performanceshar.htm (EX-10.5) — 37KB
• exhibit191-securitiestradi.htm (EX-19.1) — 12KB
• a2024-exhibit211.htm (EX-21.1) — 5KB
• a2024-exhibit231.htm (EX-23.1) — 3KB
• a2024-exhibit311.htm (EX-31.1) — 11KB
• a2024-exhibit312.htm (EX-31.2) — 11KB
• a2024-exhibit321.htm (EX-32.1) — 8KB
• a2024-exhibit971.htm (EX-97.1) — 37KB
• csl-20241231_g1.jpg (GRAPHIC) — 98KB
• csl-20241231_g2.jpg (GRAPHIC) — 99KB
• 0000790051-25-000077.txt ( ) — 15990KB
• csl-20241231.xsd (EX-101.SCH) — 82KB
• csl-20241231_cal.xml (EX-101.CAL) — 161KB
• csl-20241231_def.xml (EX-101.DEF) — 485KB
• csl-20241231_lab.xml (EX-101.LAB) — 1162KB
• csl-20241231_pre.xml (EX-101.PRE) — 817KB
• csl-20241231_htm.xml (XML) — 2974KB

Business

Item 1. Business. 3

Risk Factors

Item 1A. Risk Factors. 8

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments. 11

Cybersecurity

Item 1C. Cybersecurity. 12

Properties

Item 2. Properties. 12

Legal Proceedings

Item 3. Legal Proceedings. 12

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 12 Part II 12

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. 13

[Reserved]

Item 6. [Reserved] 14

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. 15

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk. 27

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data. 29 Report of Independent Registered Public Accounting Firm (PCAOB ID 34 ) 29 Consolidated Statements of Income and Comprehensive Income 32 Consolidated Balance Sheets 33 Consolidated Statements of Cash Flows 34 Consolidated Statements of Stockholders' Equity 35

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 36

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 69

Controls and Procedures

Item 9A. Controls and Procedures. 69

Other Information

Item 9B. Other Information. 69

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 77 Part III 70

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 70

Executive Compensation

Item 11. Executive Compensation. 70

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. 71

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 71

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services. 71 Part IV 71

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules. 71

Form 10-K Summary

Item 16. Form 10-K Summary. 73

Signatures

Signatures 74 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 and alignment, and are well-ingrained throughout the Company to guide our value-creating strategy going forward

View Full Filing

View this 10-K filing on SEC EDGAR