Overview

* Carlisle Q3 revenue rose 1% yr/yr to $1.3 bln, beating analyst expectations

* Adjusted EPS for Q3 was $5.61, with no analyst estimate provided

* Company raised share repurchase target to $1.3 bln for 2025

Outlook

* Carlisle revises 2025 full-year outlook to flat revenue year-over-year

* Company expects 2025 adj. EBITDA margin down 250 bps from 2024

* Carlisle sees Q4 consolidated revenue down low-single-digit percentage year-over-year

Result Drivers

* COMMERCIAL RE-ROOFING - CCM benefited from solid demand in commercial re-roofing, offsetting weaker new construction, according to CEO Chris Koch

* DISTRIBUTION CHANNEL CHANGES - Temporary disruptions in the distribution channel affected CCM's order patterns, but are expected to stabilize

* ACQUISITIONS OFFSET HEADWINDS - CWT's revenue increased due to acquisitions, despite lower volumes in residential and commercial markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.34 $1.32

Revenue bln bln (9

Analysts

)

Q3 EPS $4.97

Q3 Net $214.2

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

* Wall Street's median 12-month price target for Carlisle Companies Inc ( CSL ) is $377.50, about 9.8% above its October 28 closing price of $340.49

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)