Carlisle Companies Incorporated
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsCarlisle Companies is a leading supplier of building envelope products and solutions for energy-efficient buildings, operating through two segments: Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT).
What they do
Carlisle manufactures and sells single-ply roofing membranes (EPDM, TPO, PVC), polyiso insulation, and related systems through CCM, primarily for the commercial construction market. CWT provides weatherproofing technologies and solutions. The company operates under its Vision 2030 strategy, emphasizing innovation, operational excellence via the Carlisle Operating System, and synergistic acquisitions.
Revenue drivers
- Carlisle Construction Materials (CCM) — Generates revenue from roofing products and systems, with re-roofing demand representing approximately 70% of its commercial roofing business.
- Carlisle Weatherproofing Technologies (CWT) — Contributes revenue through weatherproofing solutions, with recent acquisitions and operational initiatives driving growth.
- New product innovations — Products like ThermaThin 7 polyiso insulation are launched to drive growth and differentiate offerings.
Recent performance
In Q2 2026, Carlisle reported record revenue of $1.57 billion, up 8% year-over-year, and diluted EPS of $6.36, up 8%. Operating income was $352.5 million with a 22.4% operating margin. For the six months ended June 30, 2026, revenue was $2.62 billion, up 3% from $2.55 billion, and operating income was $532.8 million. Adjusted EBITDA margin for Q2 2026 was 26.2%. Full-year 2025 revenue was $5.02 billion with net income of $740.7 million and diluted EPS of $17.12.
Strategy
Carlisle's Vision 2030 plan focuses on above-market organic growth through innovation, maintaining best-in-class production and service (the Carlisle Experience), using the Carlisle Operating System for efficiency, building scale with synergistic acquisitions, developing talent, and balanced capital deployment including share repurchases and dividends. The company aims to achieve $40 adjusted EPS and 25%-plus ROIC under Vision 2030. Recent actions include increasing the 2026 share repurchase target to $1.2 billion and implementing pricing actions to recover raw material cost inflation.
Risks
- Raw material cost inflation — Rapid rises in petroleum-derived raw material and freight costs, driven by the Middle East conflict, can pressure margins until pricing actions catch up.
- Customer concentration in CCM — A large portion of CCM's revenues come from a few large customers; consolidation among distributors could lead to reduced purchases or pricing pressure.
- New construction weakness — Continued headwinds in new construction markets could limit growth, as the outlook does not assume a near-term recovery.
- Acquisition integration risks — Failure to realize expected revenue growth or synergies from acquisitions, or high valuations, could negatively affect financial results.
Outlook
Management raised its full-year 2026 revenue outlook to mid-single-digit growth with operating and adjusted EBITDA margins approximately flat. The outlook reflects disciplined execution, partial recovery of higher raw material and freight costs, and easier comparisons, but assumes no near-term recovery in new construction. Pricing benefits are expected to build through the second half of 2026 and into 2027. The company remains confident in achieving its Vision 2030 financial objectives.