Carlisle Companies, Inc. (CSL)
Q2 2012 Earnings Call
July 24, 2012 08:00 am ET
David Roberts - Chairman, President & CEO
Steven Ford - VP & CFO
Peter Lisnic - Robert W. Baird
Deane Dray - Citi
Glenn Wortman - Sidoti & Co.
Saul Ludwig - Northcoast Research
Ivan Marcuse - KeyBanc Capital
Ajay Kejriwal - FBR
Good morning. My name is Aldus and I will be your conference operator today. At this time, I would like to welcome everyone to the Carlisle Companies, Inc. second quarter earnings conference call. All lines have been placed on-mute to prevent any background noise. After speakers’ remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.
At this time, I would like to turn today's call over to David Roberts, Chairman, President and CEO of Carlisle Companies. Sir you may begin.
Thank you. Good morning and welcome to Carlisle’s second quarter 2012 conference call. On the telephone with me is our CFO, Steven Ford, our Chief Accounting Officer, Kevin Zdimal and our Treasurer, Julie Chandler.
On our website, you will find slides for today’s conference call. Those slides detail our performance in the second quarter. Before we start reviewing the slides let me say that we had a very good second quarter here at Carlisle. Our sales were up 13% and we generated 14.2% EBIT margins, putting us on-track to achieve our strategic goal of 50% margins by the end of 2014 assuming a growing economy. These were the highest margins we generated strictly from operations in our recent history.