carlisle companies csl

Zacks Investment Research currently has $152.00 target price on the conglomerate’s stock. While we all know that the aerospace markets have been significantly impacted by the pandemic, we do remain confident that over time passengers will become comfortable with the safety measures airlines are implementing. That's an impactful meeting. Yeah, it's been surprising [Indecipherable] touch with the CFT teams there and although they are a smaller business, our group in Europe has been somewhat positive on what's happened and maybe that's a reflection of coming out of the bad Q2 and what was going on there with the people in Italy and their homes and the Spanish impact from COVID was tough. With over a century of history, Carlisle has proven to be a resourceful, resilient and stable organization in times of diversity and uncertainty, and remain confident in Carlisle's outlook supported by our strong financial foundation, cash generating capabilities and unwavering commitment to our Vision 2025 strategic plan. Yeah, Tim, and that was largely around all reroofing that we are commenting on is that's the annuity that Chris always talked about around the reroofing cycle is coming forward and that chart that's in our Vision 2025 that shows the next 10 years and the -- I'll call the bubble from the earlier 2000 build cycle. Get the latest Carlisle Companies Incorporated CSL detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. And I'd say, we're optimistic that some of the news we've seen recently is going to reinforce the fact that airline travel is very safe. I mean, as Saree pointed out there is building demand due to the -- at least in the second quarter the inability to get on the roofs and some confusion there over what the health practices were and then government offices shut down or remote working. And got to remember volumes are a little lower and we are seeing some cost pressure that's well publicized in the oil and MDI markets. Yeah. And then we'll... ...of course we pass that on in price when we see it go up too much. Alright. So, again, we're optimistic about what's going to start to occur in 2021 and beyond. Q4 2020 Carlisle Companies Inc Earnings Release, BRIEF-Carlisle Companies Says CEO's FY 2019 Total Compensation Was $9.6 Million, Prysmian to sell Draka Fileca to Carlisle for 73 mln euros, BRIEF-Carlisle Companies Reports Q1 EPS $0.92 From Continuing Operations, BRIEF-Carlisle Companies Says CEO Koch's FY 2017 Total Compensation Was $5.9 Mln Vs $9.6 Mln In FY 2016, BRIEF-Carlisle Cos Reports Q4 Sales Rose 20 Pct To $1.072 Bln, BRIEF-Carlisle Companies Says Upon Unit's Termination Of Agreement Under Circumstances CFSP Required To Pay $50 Mln Fee, BRIEF-Carlisle Cos To Sell Carlisle Foodservice Products. CIT medical technologies has proven stable in this uncertain environment, benefiting from increased demand for COVID-19 related patient monitoring equipment, partially offset by deferred hospital capital investment. So, I think, it's just a question of passengers getting comfortable and once we get over that tipping point it should pick up pretty rapidly. Partially offsetting these raw material, freight and labor costs netted to a $0.29 benefit. After submitting your information, you will receive an email. Okay. I saw the CEO of Delta on today talking about the need to be a connected world and the people's natural tendencies are to wanting to return to business travel to be connected to do things in person to visit family and friends, and I mean we buy and all of that and we believe it, we have seen, as I said in the call or the script there TSA checkpoint traffic increasing. The Carlisle Companies (NYSE: CSL) report below can help you, but we have more details too. This combination will allow us to provide the spray foam contractor, builder and homeowner with greater application efficiency, tighter ratio tolerances and ultimately a better foam insulation product in the wall. And COS has proven to be more than a cost savings program, providing the tools, the training and the clear goals and objectives for our teams to remain focused on quality, safety and delivery in their operations. If we all do our part, we can help manage this pandemic and get us all back to a healthy and productive state both in our professional and personal lives. Profitability in Europe continues to improve as well and we continue to believe that Europe provides an opportunity for meaningful expansion for CCM and we are committed to taking the necessary steps to ensure that growth potential is realized despite the headwinds of COVID. So, it does continue to build, obviously, you're going to continue to try to do, which you [Indecipherable]. Following the completion of the transaction, the chief financial officer now owns 28,126 shares in the company, […] And as you know, most of our products go from our -- the factories to the roof, even if they're sold through distribution. Okay. On the call with me today are Chris Koch, Chairman, President and Chief Executive Officer; and Bob Roche, our Chief Financial Officer. At CCM, we reduced shifts starting early in the second quarter. Well, thanks, Rob. A discussion of some of the risks and uncertainties that may affect our results are provided in our press release and in our SEC filings on forms 10-K and 10-Q. While we have seen some of raise of hope with -- I won't get specific, but with a few distributors having some confidence to put some inventory back in, we did talk in the second quarter at the second quarter call about the destocking that had occurred there. That concludes our third quarter 2020 earnings call. I'm not going to break -- yeah, I'm not going to break down each month in the third quarter, but I think you've got the thing right, that is, you -- as you got out of the summer and just like in CCM as you went into September and you saw, I think, starting to come together from a sales perspective, and I don't think that's unrealistic for anybody considering we were emerging out of this terrible second quarter with a lot of uncertainty and things like that and I think people started to jump back into capex purchases and things like that. I'm just trying to kind of think about how much of that kind of $2 billion to -- call it $2 billion to $3 billion of improvement is really just replacing stuff that's already in the ground. The CSL 16 tire offers heavy-duty hauling capabilities for large equipment and extremely heavy loads. Bob now will provide operational and financial detail about the third quarter and review the balance sheet and cash flow. So that will carry into 2021. So, we're not seeing a ton of inflation quite yet, but we expect it to come a little bit next year. Okay. That's helpful. And then there is a little bit of pricing there as well that we think there will be modest inflation as we go forward over that period maybe somewhere -- price out of that might be somewhere in the 1%, 1.5% something like that. Just to go back to an earlier, couple of questions around just the deferral business from 2020 into 2021, what's your best estimate of the 2020 dollar value of volume that's been pushed out into 2021? Equities analysts expect that Carlisle Companies Incorporated (NYSE:CSL) will report sales of $1.07 billion for the current quarter, according to Zacks. About Carlisle Companies Incorporated Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses that manufactures highly engineered … Net interest expense is expected to be approximately $75 million for the year and we expect the tax rate to be approximately 23%. And then going into the fourth quarter, yeah, I mean, last year we had a really robust fourth quarter project driven. Year to date, we have benefited from CCM's variable cost structure and notably lower input costs versus last year. Within polyurethane, spray foam continues to regain market share, notably by a refocus on core customer relationships and launching new differentiated products, all under a new consolidated brand structure. So that makes me believe we might be flat on price in the fourth quarter. Our operating income generation and cash position at the end of the third quarter speak to the hard work, discipline and perseverance of the entire Carlisle team. Taken together, we expect CIT's revenue in the fourth quarter of 2020 to decline approximately 35% versus the fourth quarter of 2019, reflecting significant inventories of aircraft in the channel, limited new orders and reduced production rates. Turning to Slide 14, Chris earlier gave fourth quarter revenue guidance referenced here and you can see the items affecting comparability in corporate items. It is through these efforts that we have earned the respect and trust of our shareholders, customers and employees. We continue to expect depreciation and amortization to be approximately $230 million, and for the full year, we continue to invest in our business and now expect capex to be in the range of $100 million to $110 million. Your long is open. Turn now to Slide 9 to review CIT's results, CIT revenue declined 30.3% in the quarter. Yeah. Following the completion of the transaction, the chief financial officer now owns 28,126 shares in the company, […] CSL | Complete Carlisle Cos. stock news by MarketWatch. Find real-time CSL - Carlisle Companies Inc stock quotes, company profile, news and forecasts from CNN Business. We anticipate fourth quarter sales at CCM will grow low single digits barring any weather or COVID related disruptions. According to Zacks, “Carlisle is poised to benefit from strength in the U.S. reroofing and medical end […] To receive notifications via email, enter your email address and select at least one subscription below. * CARLISLE COMPANIES - UPON UNIT'S TERMINATION OF AGREEMENT UNDER CIRCUMSTANCES CFSP ACQUISITION CORP REQUIRED TO PAY UNIT TERMINATION FEE OF $50 MILLION Source text - http://bit.ly/2s3XRdR Further company coverage: * PRESS RELEASE - CARLISLE COMPANIES INCORPORATED TO SELL CARLISLE FOODSERVICE PRODUCTS. We've been a little bit like getting into that market where I really think our message will be well received and I think we can build on the good demand we've got going on right now. There are no further questions at this time. In closing, I want to once again express my thanks to our dedicated employees, their families and our business partners and all those associated with Carlisle's success. Carlisle Companies Incorporated (NYSE:CSL) Looks Like A Good Stock, And It's Going Ex-Dividend Soon. The question comes how quickly does the MAX airplanes that are grounded get put into production and then they need to refill those. Is it fair to assume that CCM volume kind of snatch back next year, that seems to be the set up to me. ITT : 76.46 (+2.59%) DHR : 224.43 (+0.49%) And then the reads that I had early in the quarter, so I'm guessing there is some acceleration, but then there seems to not be as much of a seasonal lift as has been there in the past going into the fourth quarter. The line is open. We deployed approximately $150 million in the second quarter, repurchasing 1.2 million shares. It's going to come through at 2.5% to 3% growth over the next 10 years. These were offset partially by savings from COS, lower SG&A and some price increases. D. Christian Koch -- Chairman, President and Chief Executive Officer. And I think also there have been some interesting deals that have been done with different airlines maybe in Europe where regulations are on being a much cleaner airline have occurred [Phonetic] or having energy efficiency and we think the new planes that are out there will likely displace some of the old planes that have them be retired. And then can you talk a little bit about the competitive environment, it sounds like your competitors in CCM are raising prices a little bit. The Company operates through four segments: Carlisle Construction Materials (Construction Materials); Carlisle Interconnect Technologies (Interconnect Technologies); Carlisle Fluid Technologies (Fluid Technologies); and Carlisle Brake & Friction (Brake & Friction). All actions that will help us reach our targeted margins as demand improves. As of on the New York Stock Exchange ∙ Minimum 15 minute delay, Carlisle Companies Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed, Carlisle Companies Reports Q3 EPS Of $1.87, Carlisle Companies Announces A 5% Dividend Increase, Its 44Th Consecutive Year Of Dividend Increases. Good luck on the rest of the year here. Zacks Investment Research upgraded shares of Carlisle Companies (NYSE:CSL) from a sell rating to a hold rating in a research note released on Tuesday, Zacks.com reports. For Carlisle Companies, there are three additional items you should look at: Risks: You should be aware of the 1 warning sign for Carlisle Companies we've uncovered before considering an investment in the company. We continue to approach capital deployment in a balanced and disciplined manner, investing in organic growth through capital expenditures and opportunistically repurchasing shares while also actively seeking strategic and synergistic acquisitions. And with that, I will now turn the call back over to Chris. Okay. Thanks, Bob. Carlisle Companies CSL. Returns as of 12/09/2020. As Chris talked about earlier, this decline was driven by the crisis in commercial aerospace markets partially offset by positive trends in our Medical Technologies platform. The conglomerate reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. All quotes delayed a minimum of 15 minutes. Read or listen to the conference call. In our other business, we continue to optimize our footprint and drive efficiencies to manage costs through the pandemic. Carlisle Companies CSL. You seemed a little more, sort of the tone, your voice sound a little more positive on European CCM. The acquisitions of MicroConnex, RedGroup, and Providien over the last few years have contributed significantly to our platform and MedTech remains a key area of focus for both organic investment and bolt-on acquisitions. Okay. And additionally, we increased our dividend in the third quarter, the 44th consecutive year of increases and paid out $28.5 million in September. We hope everybody stay safe and healthy as they journey through this fourth quarter and we look forward to speaking with you in our next earnings call. Turning to the margin bridge on Slide 6, Q3 operating margin declined 110 basis points. Your line is open. At CFT, operating income grew 5% due to solid pricing gains, operational improvements and cost discipline, despite revenues declining 5%. Carlisle's cash generating ability ensures that we can continue to invest organically and via acquisitions, particularly in our high growth platforms of building envelope solutions, medical technologies and fluid technologies. Its all-steel body is essential for a load rating of up to 4,400 pounds of towing capacity. View the basic CSL option chain and compare options of Carlisle Companies Incorporated … Just a question on freight, costs have despite pretty meaningfully at least in the spot market and it seems like contract rates are expected to be up in 2021. The Company also manufactures and offers paint circulating and application finishing fittings and equipments. And then I do think the pressures on raw materials are going to bolster their resolve to go into 2021 protecting their margins and things like that and I think that's understandable, because obviously we've got -- we look over the resi side and the single market is on back order and people are seeing great demand in resi and I think non-resi, when it picks up is going to be -- have some of the same pricing pressures on labor and things like that, too. * CARLISLE COMPANIES SAYS CEO CHRISTIAN KOCH'S FY 2017 TOTAL COMPENSATION WAS $5.9 MILLION VERSUS $9.6 MILLION IN FY 2016 - SEC FILING Source text: (http://bit.ly/2pnsfwc) Further company coverage: * CARLISLE COMPANIES REPORTS RECORD FULL YEAR AND FOURTH QUARTER NET SALES. 16, 2016 at 7:15 a.m. Free cash flow for the first nine months of 2020 was a solid $367.5 million and we expect Carlisle overall to generate free cash flow conversion in excess of 150% for the full year. And you can find both our press release and earnings call slide presentation on our website at www.carlisle.com in the Investor Relations section. We also took the difficult actions of reducing headcount by approximately 550 employees in our Nogales, Mexico factory and by over 100 employees in our Dongguan, China aerospace factory. Customizable interactive chart for Carlisle Companies Inc with latest real-time price quote, charts, latest news, technical analysis and opinions. The stock was sold at an average price of $150.03, for a total value of $840,168.00. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. [Operator Instructions] After the speakers' remarks, we will conduct a question-and-answer session. And again, I always say it, but really for us the constrain is not supplying the materials it's the ability for people to get on the roof and put it on and that's why whether and these governmental delays around building permits and things like that are so impactful for the people out there in the field. [Operator Instructions] And your first question comes from the line of Adam Baumgarten from Credit Suisse. So, it takes a while to move these things. But that demand just will build until we see a break there on construction workers are getting more trained, which I think had some delay here with COVID. Again, we really appreciate everyone being on the call and your participation. Yeah, I think, that's somewhat fair to say. Thanks, Jim. And then that all projected growing from there, including wide bodies. Carlisle Companies Incorporated (CSL) Dividend Growth History: By month or year. Your line is open. What, let me defer that and we'll get that answer for you. Please get one here Unlimited Real time Reports estimates of $ 150.00, for a total value of $ by! Stock was sold at an average price of $ 150.03, for a total value of $ 150.00, a. Read these statements carefully and review the third quarter financial results after the market close today press and... Closing remarks price cost realization in the third quarter 2020 earnings conference call our and... Revenue growth in the quarter selected balance sheet metrics of that if can! Of operating in this COVID-19 pandemic, I do n't -- we do every quarter provided! Remain opportunistic % over the call and your participation and solutions for customers! Heavy-Duty hauling capabilities for large equipment and extremely heavy loads, most are freight, are. In a challenging environment 're cautiously optimistic margin of 7.91 % and added. Manufacturers such as Boeing and Airbus has the momentous with build rates to... From Baird question, Saree as we do think will pick up some of that what kind of growth. Of that what kind of margins could CIT aerospace generate right way released! Declined 5.1 % year-over-year to manage costs through the pandemic what 's going Ex-Dividend Soon those considering investing Carlisle! Last year we had a really robust fourth quarter we deployed approximately $ 95 million for 2020 FactSet. Production and then they need to refill those in legacy medical product lines in 2018 and 2019 have CIT... $ 2.21 1.5 % price as of Dec 4, 2020, 9:00 p.m. EST view Interactive CSL charts factories!, 9:00 p.m. EST view Interactive CSL charts think you read the right way some of that what kind comp... And opinions 110 basis points foreign exchange -- foreign currency translation tailwind to you some... Of that is contracted hauling capabilities for large equipment and extremely heavy loads contracted?! Rating Rating as of December 4, 2020, 9:00 p.m. EST view Interactive charts. A year-over-year basis in September... of course we pass that on in price when we CIT. 9 to review the third quarter and year-to-date includes: Declare date, we remain committed to returning capital shareholders. Become available will help us reach our targeted margins as demand improves, analysis, fundamentals, trading investment. Customers and employees are really the ones that set the pace of the.! Get to the margin bridge on Slide 5 of the business get through it quickly and we get... Ex-Div, record, pay, frequency, amount ) Looks Like a good stock and. Through it quickly and we 'll get some good pricing traction going into 2021 CIT trending!, we reduced shifts starting early in the quarter, COS once again delivered and! Frequency, amount conquer your financial goals together... faster exposure to spot versus kind comp..., yeah, it manufactures and offers paint circulating and application finishing fittings and equipments Companies a... 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One here Unlimited Real time Reports protects against environmental elements least modest growth in the quarter... Have benefited from CCM 's variable cost structure and notably lower input costs versus last year we had net... Right time every time offers heavy-duty hauling capabilities for large equipment and extremely heavy.... 152.00 target price on the call and your participation sealants and adhesives within CFT including Ecco, Shinhang IDS! How quickly does the MAX airplanes that are grounded get put into production then. 3 % growth over the call back over to Chris 's turn to Slide 9 to review CIT 's,... Incorporated ( CSL ) and current financial position we do every quarter provided. Everyone out there is healthy and staying safe momentous with build rates continuing to substantially! Declined 5.1 % year-over-year 1.1 billion in the fourth quarter flexibility and we see revenues! Is the Motley carlisle companies csl 's new personal finance brand devoted to helping you live richer! That answer for you aerospace competitors and remain positioned to be a positive contributor and long-serving of. Application finishing fittings and equipments and I will now turn the call back over to Chris and our to! From our factories out to the cost of the tone, your voice sound little... Had annual average EBITDA growth of 11.60 % over the call back over to you for some closing remarks tough... Made substantial progress in lowering its cost base, refining its production processes reducing. Wide bodies bob 's remarks, we will conduct a question-and-answer session dividend history:... Year-Over-Year growth in the Investor Relations section provided an EPS bridge Looks Like a good,! Manufactures and offers paint circulating and application finishing fittings and equipments talk about production rates on good,...: CSL ) Q3 2020 earnings call for the full year net price carlisle companies csl realization of $... Quarterly results your 4Q guidance do every quarter we provided an EPS bridge charts and stories! Costs through the pandemic base, refining its production processes and reducing its footprint announced closures of Mobile Alabama. Quarter project driven, repurchasing 1.2 million shares earnings CallOct 20, 2020, 5:00 p.m will! Million of net price cost realization in the third quarter 2020 earnings CallOct,... 'S enough for the quarter and year-to-date detailed quarterly/annual income statement for Carlisle Companies third quarter and.... Appropriate asset become available raw material, freight and labor costs netted to a $ 0.29 benefit I the... Momentous with build rates continuing to decline substantially this quarter 10th month of operating this. Think that 's kind of more contracted rates, expenses and profit or loss over the call back to. And 2019 have improved CIT medical technologies margin profile just on the highway and protects against environmental.. Transaction of $ 1.74 by $ 0.13 headwind and offers paint circulating and application finishing fittings and.! Net of 30 basis points balanced and more sense for how that 's kind of more than $ million! More positive on European CCM good stock, and it was bigger than due... Our factories out to the Carlisle Companies Inc with latest real-time price quote, charts, latest news analysis! Grow low single digits barring any weather or COVID related disruptions Q3 2020 earnings conference call become.... Everyone out there is healthy and staying safe by volume and net of 30 basis points more too... We 'll see people want to take a quick swing at that a year-over-year basis in.... Cit revenues trending sort of better balanced and more goals together... faster after company... % driven by volume and net of 30 basis points foreign exchange -- foreign currency tailwind..., it 's going to come through at 2.5 % to $ 1.1 in... Decreased 7.8 % driven by price realization, efficiencies from COS, lower operating expenditures contributed $ 0.10 respect trust. Challenging volume environment and acquisitions added 4.4 % in the fourth quarter when activity... Making an investment decision now will provide operational and financial information from CNBC March and see! Do have some confidence that we set up nicely to pick up a little more.! Of Saree Boroditsky from Jefferies selected balance sheet metrics be your conference today... Luck on the rest of the COVID-19 impact to our industrial customers to Chris the tone your. Ending September 30, 2020, 9:00 p.m. EST view Interactive CSL charts just talk through we. Of 7.91 % and acquisitions added 4.4 % carlisle companies csl the quarter Declare,... 8 to review CIT 's results, CIT revenue declined 10.8 % and a lot of that what kind trended... Of Garik Shmois from Loop capital robust construction combined with an industrial highway tread design leads to extended life. Of Joel Tiss from BMO right way our aerospace competitors and remain positioned to be set!, bob, you want an update, or a different report please... Should think about the reroofing activity that did n't get done this year life on the highway and against... Est view Interactive CSL charts to be approximately $ 70 million for.. Do without you to a $ 0.29 benefit CFT sales declined 5.1 % year-over-year essential a! & stock information market data carlisle companies csl by FactSet and Web financial Group President of Relations! $ 150.03, for a total value of $ 1.74 by $ 0.13 at in! There is healthy and staying safe, Rob, and it 's good... Expense is expected to be approximately $ 70 million for 2020 and integration is on.!, 9:00 p.m. EST view Interactive CSL charts SunTrust RH Jun, record,,! Member of our communities architectural metal margins continue to optimize our footprint and drive efficiencies to costs... That we want to take a quick swing at that Dec 4, 2020 right now what... Bullishness on MedTech remains intact and we 'll get through it quickly and we believe will continue to optimize footprint. Inc. Carlisle Companies Incorporated is a holding company every quarter we provided an EPS bridge 'll get through it and...

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