Carlisle Companies Inc. Files Q2 2024 10-Q

TL;DR

CSL Q2 24 10-Q filed. Financials updated.

AI Summary

Carlisle Companies Inc. reported its Q2 2024 results for the period ending June 30, 2024. The company's financial performance for the first six months of 2024 and the second quarter showed specific figures related to its operations. The filing details its business address in Scottsdale, AZ, and its fiscal year end of December 31.

Why It Matters

This filing provides investors with the latest financial performance data for Carlisle Companies Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 20240725 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
• 2024-01-01 to 2024-06-30 — Year-to-Date Period (Covers the first six months of the fiscal year 2024.)

Key Players & Entities

• CARLISLE COMPANIES INC (company) — Filer
• 16430 N. SCOTTSDALE RD. SUITE 400 (company) — Business Address
• SCOTTSDALE, AZ 85254 (company) — Business Address City, State, Zip
• 480-781-5000 (company) — Business Phone

FAQ

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-20240630.htm (10-Q) — 1767KB
• palmer-amendmenttospaexecu.htm (EX-2.1) — 18KB
• q22024-exhibit311form10xq.htm (EX-31.1) — 10KB
• q22024-exhibit312form10xq.htm (EX-31.2) — 10KB
• q22024-exhibit321form10xq.htm (EX-32.1) — 7KB
• csl-20240630_g1.jpg (GRAPHIC) — 98KB
• 0000790051-24-000166.txt ( ) — 8741KB
• csl-20240630.xsd (EX-101.SCH) — 39KB
• csl-20240630_cal.xml (EX-101.CAL) — 103KB
• csl-20240630_def.xml (EX-101.DEF) — 202KB
• csl-20240630_lab.xml (EX-101.LAB) — 598KB
• csl-20240630_pre.xml (EX-101.PRE) — 425KB
• csl-20240630_htm.xml (XML) — 1603KB

—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) 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8

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 22

Quantitative and Qualitative Disclosure about Market Risk

Item 3. Quantitative and Qualitative Disclosure about Market Risk 32

Controls and Procedures

Item 4. Controls and Procedures 32

—Other Information

PART II—Other Information

Legal Proceedings

Item 1. Legal Proceedings 33

Risk Factors

Item 1A. Risk Factors 33

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 33

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 33

Other Information

Item 5. Other Information 33

Exhibits

Item 6. Exhibits 34 Signature 35 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 June 30, Six Months Ended June 30, (in millions, except per share amounts) 2024 2023 2024 2023 Revenues $ 1,450.6 $ 1,307.0 $ 2,547.1 $ 2,199.6 Cost of goods sold 881.7 829.8 1,579.3 1,451.2 Selling and administrative expenses 189.3 163.7 356.1 305.9 Research and development expenses 9.3 6.7 18.5 13.5 Other operating income, net ( 7.2 ) ( 1.8 ) ( 9.5 ) ( 0.3 ) Operating income 377.5 308.6 602.7 429.3 Interest expense, net 18.8 18.8 37.4 37.6 Interest income ( 13.8 ) ( 4.4 ) ( 21.7 ) ( 8.9 ) Other non-operating income, net ( 0.1 ) ( 0.8 ) ( 0.4 ) ( 1.8 ) Income from continuing operations before income taxes 372.6 295.0 587.4 402.4 Provision for income taxes 87.4 68.3 131.3 92.1 Income from continuing operations 285.2 226.7 456.1 310.3 Discontinued operations: Income (loss) before income taxes 480.2 ( 44.2 ) 502.1 ( 23.0 ) Provision for (benefit from) income taxes 53.0 ( 12.1 ) 53.5 ( 9.0 ) Income (loss) from discontinued operations 427.2 ( 32.1 ) 448.6 ( 14.0 ) Net income $ 712.4 $ 194.6 $ 904.7 $ 296.3 Basic earnings per share attributable to common shares: Income from continuing operations $ 6.02 $ 4.46 $ 9.58 $ 6.08 Income (loss) from discontinued operations 9.01 ( 0.63 ) 9.42 ( 0.27 ) Basic earnings per share $ 15.03 $ 3.83 $ 19.00 $ 5.81 Diluted earnings per share attributable to common shares: Income from continuing operations $ 5.94 $ 4.42 $ 9.45 $ 6.02 Income (loss) from discontinued operations 8.90 ( 0.63 ) 9.30 ( 0.27 ) Diluted earnings per share $ 14.84 $ 3.79 $ 18.75 $ 5.75 Average shares outstanding: Basic 47.3 50.7 47.5 50.9 Diluted 47.9 51.2 48.2 51.4 Comprehensive income: Net income $ 712.4 $ 194.6 $ 904.7 $ 296.3 Other comprehensive income (loss): Foreign currency gains (losses) 5.0 1.1 ( 4.7 ) 14.1 Amortization of unrecognized net periodic benef

View Full Filing

View this 10-Q filing on SEC EDGAR