Carlisle reports Q3 EPS $5.61, consensus $5.36

Reports Q3 revenue $1.35B, consensus $1.32B. “In the third quarter, CCM continued to benefit from solid commercial re-roofing demand, a core driver of Carlisle’s (CSL) value creation history. As those familiar with the Carlisle story know, re-roofing is an imperative business model, meaning it is not a discretionary item for building owners. Re-roofing demand remained healthy with stable contractor backlogs offsetting weaker new construction and temporary fluctuations in order patterns driven by changes in our distribution channel. CCM’s ability to capitalize on the favorable fundamentals supporting long-term commercial re-roofing growth, including an aging building stock and a growing footprint, are reinforced by our scale in the U.S.-arguably the best global construction market, our drive to deliver meaningful innovation to the market, and our superior Carlisle Experience. We believe the temporary changes seen in the distribution channel in 2025 will ultimately be resolved and result in a return to a more stable and improved situation. At CWT, the well understood and ongoing end market headwinds continued to affect results in the third quarter, particularly in residential new construction, where affordability challenges and higher interest rates continue to negatively impact demand. Our progress on strategic initiatives is gaining traction and positioning the business for steady margin expansion as we move forward and closer to a return to an improved housing market. Synergies from our Plasti-Fab and ThermaFoam acquisitions are tracking ahead of plan, and we anticipate $12 million of annualized savings in 2026. These efforts, along with our share gain initiatives in retail category expansion with UltraTouch(R) denim insulation and advanced waterproofing technologies are creating multiple paths to sales growth and margin improvement.”