M&A - CARLISLE COMPANIES INC

Form Type: 10-Q

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: New

Accession Number: 000079005125000097

Filing Summary: For the quarterly period ending March 31, 2025, Carlisle Companies Incorporated reported revenues of $1,095.8 million, a slight decrease from $1,096.5 million in the previous year. The cost of goods sold increased to $710.1 million, resulting in an operating income of $183.6 million. Income from continuing operations fell to $140.1 million, while income from discontinued operations contributed $3.2 million, leading to a net income of $143.3 million. The company’s earnings per share were reported at $3.23 for the quarter. Cash and cash equivalents decreased significantly to $220.2 million from $753.5 million at the previous year's end. Current liabilities also decreased from $665.8 million to $593.1 million. On April 17, 2025, there were 43,253,572 shares of common stock outstanding. Notably, on February 3, 2025, Carlisle acquired assets from ThermaFoam for $52.9 million, which has begun contributing to revenues. The acquisition aligns with the company’s strategy to focus on building products and enhance innovation.