Carlisle Companies Stock Earnings Reports

Carlisle reported Q1 2026 revenue of $1.1 billion, down 4% year-over-year due to winter weather disruptions and the absence of ~$15 million of tariff-related order pull-forward from Q1 2025. Despite weaker volumes, adjusted EPS rose to $3.63 (up 1%) and adjusted EBITDA margin expanded 50 bps to 22.3% driven by COS-led productivity, procurement discipline and cost controls. Segment highlights: CCM revenue fell 5% to $758 million with EBITDA margin up to 27.4%; CWT revenue fell 1% to $294 million with margin at 15.2% but management expects ~100 bps of full-year improvement as synergies and in‑sourcing compound. Management announced multiple price increases (mid‑March, mid‑April and an additional CCM increase) to offset petrochemical-driven raw material and freight inflation and implemented freight surcharges; they expect price/cost dynamics to improve sequentially and are prepared to take further pricing if volatility persists. Balance sheet remains strong ($771M cash, $1B revolver capacity, net debt/EBITDA 1.7x). Carlisle reaffirmed 2026 guidance: low single-digit revenue growth (now targeting the higher end of that range, ~3%) and ~50 bps adjusted EBITDA margin expansion for the year, with management expecting quarter‑to‑quarter margin improvement and double-digit EPS growth for 2026. Key risks include geopolitical-driven raw material volatility, interest rates, and soft new construction demand, but management emphasizes durable recurring reroofing demand, product innovation (e.g., ThermaThin R7) and disciplined capital allocation under Vision 2030.