CARLISLE COMPANIES INC. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>CARLISLE COMPANIES INC. filed its Q1 2024 10-Q report, detailing financial performance and operational updates.</b>

AI Summary

CARLISLE COMPANIES INC (CSL) filed a Quarterly Report (10-Q) with the SEC on April 26, 2024. Filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. Company address is 16430 N. SCOTTSDALE RD., SUITE 400, SCOTTSDALE, AZ 85254. Business phone number is 480-781-5000. Incorporated in Delaware (DE).

Why It Matters

For investors and stakeholders tracking CARLISLE COMPANIES INC, this filing contains several important signals. This 10-Q filing provides crucial insights into Carlisle's financial health and operational performance during the first quarter of 2024, enabling investors to assess recent business trends. The detailed segment information within the report allows for a granular understanding of which business units are driving growth or facing challenges, aiding in investment decisions.

Risk Assessment

Risk Level: low — CARLISLE COMPANIES INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant negative disclosures.

Analyst Insight

Review the detailed segment performance and any forward-looking statements within the 10-Q to understand the company's strategic direction and potential growth areas.

Key Numbers

• 2024-03-31 — Period End Date (10-Q filing)
• 2024-04-26 — Filing Date (10-Q filing)
• 2024-01-01 — Quarter Start Date (10-Q filing)
• 2023-03-31 — Prior Year Quarter End Date (10-Q filing)

Key Players & Entities

• CARLISLE COMPANIES INC. (company) — Filer name
• CSL (company) — Ticker symbol
• 10-Q (document) — Form type
• 2024-03-31 (date) — Period of report
• 2024-04-26 (date) — Filed as of date
• 16430 N. SCOTTSDALE RD., SUITE 400 (address) — Business address
• SCOTTSDALE, AZ 85254 (address) — Business address city, state, zip
• 480-781-5000 (phone) — Business phone

FAQ

Industry Context

Carlisle Companies Inc. operates within the fabricated rubber products sector, focusing on manufacturing and distributing a range of industrial and commercial products.

Regulatory Implications

The filing adheres to the requirements of the Securities Exchange Act of 1934, specifically Form 10-Q for quarterly reporting.

What Investors Should Do

1. Analyze revenue and profit trends for the Construction Materials and Carlisle Weatherproofing Technologies segments.
2. Review any disclosed changes in debt or equity structure.
3. Examine management's discussion and analysis for insights into future outlook and risks.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, providing the first set of quarterly financial results for the year.

Key Financial Figures

• $1 — ange on which registered Common stock, $1 par value CSL New York Stock Exchange
• $1.00 — he registrant's common stock, par value $1.00 per share, outstanding. Carlisle Comp

Filing Documents

• csl-20240331.htm (10-Q) — 1174KB
• q12024-exhibit311form10xq.htm (EX-31.1) — 10KB
• q12024-exhibit312form10xq.htm (EX-31.2) — 10KB
• q12024-exhibit321form10xq.htm (EX-32.1) — 7KB
• csl-20240331_g1.jpg (GRAPHIC) — 98KB
• 0000790051-24-000085.txt (&nbsp;) — 6784KB
• csl-20240331.xsd (EX-101.SCH) — 38KB
• csl-20240331_cal.xml (EX-101.CAL) — 88KB
• csl-20240331_def.xml (EX-101.DEF) — 178KB
• csl-20240331_lab.xml (EX-101.LAB) — 554KB
• csl-20240331_pre.xml (EX-101.PRE) — 387KB
• csl-20240331_htm.xml (XML) — 1039KB

—Financial Information

PART I—Financial Information

Financial Statements

Item 1. Financial Statements 3 Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) 3 Condensed Consolidated Balance Sheets (Unaudited) 4 Condensed Consolidated Statements of Cash Flows (Unaudited) 5 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) 6 Notes to Condensed Consolidated Financial Statements (Unaudited) 7

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Quantitative and Qualitative Disclosure about Market Risk

Item 3. Quantitative and Qualitative Disclosure about Market Risk 26

Controls and Procedures

Item 4. Controls and Procedures 26

—Other Information

PART II—Other Information

Legal Proceedings

Item 1. Legal Proceedings 27

Risk Factors

Item 1A. Risk Factors 27

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 27

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 27

Other Information

Item 5. Other Information 27

Exhibits

Item 6. Exhibits 28 Signature 29 2

—Financial Information

PART I—Financial Information

Financial Statements

Item 1. Financial Statements Carlisle Companies Incorporated Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) Three Months Ended March 31, (in millions, except per share amounts) 2024 2023 Revenues $ 1,096.5 $ 892.6 Cost of goods sold 697.6 621.4 Selling and administrative expenses 166.8 142.2 Research and development expenses 9.2 6.8 Other operating (income) expense, net ( 2.3 ) 1.5 Operating income 225.2 120.7 Interest expense, net 18.6 18.8 Interest income ( 7.9 ) ( 4.5 ) Other non-operating income, net ( 0.3 ) ( 1.0 ) Income from continuing operations before income taxes 214.8 107.4 Provision for income taxes 43.9 23.8 Income from continuing operations 170.9 83.6 Discontinued operations: Income before income taxes 21.9 21.2 Provision for income taxes 0.5 3.1 Income from discontinued operations 21.4 18.1 Net income $ 192.3 $ 101.7 Basic earnings per share attributable to common shares: Income from continuing operations $ 3.57 $ 1.63 Income from discontinued operations 0.45 0.36 Basic earnings per share $ 4.02 $ 1.99 Diluted earnings per share attributable to common shares: Income from continuing operations $ 3.52 $ 1.61 Income from discontinued operations 0.45 0.35 Diluted earnings per share $ 3.97 $ 1.96 Average shares outstanding: Basic 47.8 51.1 Diluted 48.4 51.7 Comprehensive income: Net income $ 192.3 $ 101.7 Other comprehensive (loss) income: Foreign currency (losses) gains ( 9.7 ) 13.0 Amortization of unrecognized net periodic benefit costs, net of tax 0.5 0.3 Other, net of tax 1.0 1.9 Other comprehensive (loss) income ( 8.2 ) 15.2 Comprehensive income $ 184.1 $ 116.9 See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited) 3 Carlisle Companies Incorporated Condensed Consolidated Balance Sheets (Unaudited) (in millions, except par values) March 31, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 552.6 $ 576.7 Rece

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View this 10-Q filing on SEC EDGAR