This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Carlisle Companies Reports $1.08 Earnings Per Share From Continuing Operations On Record Third Quarter Sales And Operating Earnings; Earnings Per Share Includes Restructuring Charge Of $0.08

Carlisle Companies Incorporated (NYSE:CSL) reported net sales from continuing operations of $910.2 million for the quarter ended September 30, 2012, a 4.6% increase from net sales of $870.5 million in the third quarter of 2011. Acquisitions in the Interconnect Technologies and Construction Materials segments contributed 3.9% to sales in the third quarter. Organic sales growth was 1.3%. The negative impact on net sales from fluctuations in foreign exchange was less than 1%.

Income from continuing operations in the third quarter 2012 rose 30% to $69.7 million, or $1.08 per diluted share. Income growth was primarily driven by increased selling price realization and savings from the Carlisle Operating System partially offset by lower manufacturing absorption. Results for the third quarter 2012 include $5.3 million in after tax charges, or $0.08 per diluted share, related to restructuring actions taken at Carlisle FoodService Products. By comparison, results for the third quarter 2011 included $3.7 million in after tax charges related to plant restructuring and management and organizational charges in the Transportation Products segment.

For the nine months ended September 30, 2012, net sales from continuing operations of $2.78 billion increased by 14.3% over the prior year period, reflecting organic growth of 9.5% and acquisition growth of 5.3%. Income from continuing operations for the nine months ended September 30, 2012 rose 54% to $219.2 million, or $3.43 per diluted share, as compared to income of $142.3 million, or $2.26 per diluted share, for the same prior year period.


David A. Roberts, Chairman, President and Chief Executive Officer, said, “We are very pleased with our overall earnings growth and margin expansion during the third quarter despite slowing conditions in some of our markets. We leveraged 5% sales growth into 35% EBIT growth, including the restructuring charge. EBIT margin rose by 280 basis points to 12.2% in the third quarter of 2012. In addition, we generated $136 million in free cash flow (operating cash flow minus capital expenditures) during the third quarter of 2012.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
YHOO $27.05 -3.30%
AAPL $95.24 1.30%
FB $99.80 -4.10%
GOOG $683.10 -0.07%
TSLA $148.02 -9.00%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs