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The construction materials company reported on April 24 first-quarter earnings of $60 million, or 94 cents a share, up from year-earlier earnings of $33.4 million, or 53 cents a share.
"Carlisle Companies Incorporated (CSL-NYSE) reported a strong start to 2012 with 1Q12 EPS of $0.94, compared to $0.53 in 1Q11. Demand in reroofing, aerospace, agricultural, and construction and mining end markets remains healthy, helping to boost CSL sales and earnings higher vs. last year," KeyBanc Capital Markets analysts wrote in an April 24 report. "On top of this, the Company began to finally see benefits to its operations at its Jackson, Tenn. tire facility, which we expect to support year-over-year improvements through the year. While there was likely some assistance from weather as well as some pre-buying in the 1Q for roofing, we believe underlying demand is solid, driven by replacement and slightly better new construction spending."
Forward Annual Dividend Yield: 1.3%
-- Written by Alexandra Zendrian
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