EarningsQ3 2026 Earnings Report
DE:CLE Q3 2026 EPS Results
Actual EPS€5.28
Consensus EPS€5.25
Beat/MissBeat by +€0.03
One Year Ago EPS€5.01
DE:CLE Q3 2026 Revenue Results
Actual Revenue€1.31B
Expected Revenue€1.27B
Beat/MissBeat by +€34.61M
YoY Revenue Growth+8.65%
Earnings Announcement Details
QuarterQ3 2026
Date10/28/2026
TimeAfter Close
Conference CallWednesday, October 28, 2026
DE:CLE Upcoming Earnings
Carlisle Companies's next earnings date is estimated for February 9, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:CLE Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive. Carlisle delivered record third-quarter adjusted EPS, 9% revenue growth, above-market growth in both segments, strong data center momentum, resilient reroofing demand, progress on efficiency and innovation initiatives, substantial capital returns, and reaffirmed long-term targets. The principal challenges were escalating raw material and freight costs, delayed price-cost parity, lower margins, and continued weakness in new construction and residential markets. Management characterized the margin pressure as a timing issue rather than a structural problem and maintained a constructive outlook for 2027.Company Guidance
Record Third-Quarter Revenue and Adjusted EPS
Third-quarter revenue increased 9% to $1.5 billion, while adjusted EPS increased 6% year-over-year to a third-quarter record of $5.92. Higher segment earnings and an 8% lower diluted share count from share repurchases supported EPS growth.
Healthy Demand Despite Pricing Actions
Demand remained resilient through pricing actions, with no material change in demand from pricing or geopolitical developments, no additional prebuying in the quarter, and no meaningful increase in project delays or cancellations.
CCM Delivered Above-Market Growth
CCM revenue increased 8% to $1.1 billion, driven by strong volume growth and price realization that built throughout the quarter. Reroofing demand grew mid-single digits, and the overall CCM end market grew low single digits.
CWT Revenue and EBITDA Growth
CWT revenue increased 9% to $379 million, driven by share gains and weather conditions that increased demand for roof coatings. CWT adjusted EBITDA increased 13% to $68 million, and adjusted EBITDA margin expanded 60 basis points year-over-year to 18%.
Data Center Growth Accelerated
The data center business increased approximately 200% in the third quarter. Growth was attributed to the dedicated data center team, industry constraints on TPO supply, greater awareness of Carlisle, available capacity, and the Carlisle Experience.
Reroofing Demand Remained Resilient
Reroofing returned to consistent mid-single-digit growth after low single-digit growth in the first half of the year. Management said it saw no change in reroofing activity, project timing, customer behavior, or the pipeline entering the fourth quarter and 2027.
Normal Channel Inventories and Strong Bookings
Channel inventories were at normal levels for the time of year, based on market surveys and feedback from Carlisle's almost 1,000-person sales force. October CCM bookings remained strong, and management said strong third-quarter volumes confirmed that the vast majority of growth came from end-market demand rather than prebuying.
CWT Efficiency Initiatives Are Contributing
Investments in automation, footprint consolidation, in-house expanded polystyrene resin production, and synergies from recent insulation acquisitions are contributing to CWT results. The structural efficiency initiatives were described as substantially complete, with expected contribution of $20 million to $30 million in 2026 and additional opportunities through 2030.
Innovation Pipeline Progress
Carlisle launched 9 of 12 planned 2026 product projects, with the remaining launches on schedule, and remains on track to generate 25% of total sales from products introduced in the past five years. New products include Blueskin SA HPX and VapAir Seal TR Plus, which eliminate a primer installation step on specified applications.
Retail and Product Adoption Momentum
Home Depot now carries Henry's UltraTouch insulation made with 100% recycled denim in more than half its stores, with sales continuing to improve in stores that have carried it for a year or more. Carlisle also launched a paper-faced version, with broader rollout planned for February, while SeamShield, RapidLock, VP Tech, and APEEL continued to gain contractor traction.
Continued Investment in Research and Development
The expansion of Carlisle's Research and Innovation center is intended to support a higher cadence of new product introductions, shorten time to market, expand margins, and strengthen proprietary capabilities. Dr. Justin Scaife joined as Senior Vice President of Research and Development in September.
Strong Balance Sheet and Capital Returns
As of September 30, 2026, Carlisle had $547 million in cash and cash equivalents, $1 billion available under its revolving credit facility, and net debt to EBITDA of 1.8x, within its 1 to 2x target range. The company repurchased $350 million of shares in the quarter and $850 million year-to-date, returned $990 million to shareholders including $140 million of dividends, and remains on track for $1.2 billion of full-year repurchases.
Dividend King Milestone
The quarterly dividend was increased 14% to $1.25 per share, marking Carlisle's 50th consecutive annual dividend increase.
Fourth-Quarter and Long-Term Outlook Maintained
Carlisle expects fourth-quarter consolidated revenue to grow high single digits year-over-year, with both CCM and CWT up high single digits. Fourth-quarter adjusted EBITDA margin is expected to be flat year-over-year, while full-year ROIC is expected to be approximately 25% and free cash flow margin approximately 15%. The company reaffirmed its Vision 2030 targets of $40 adjusted EPS and ROIC above 25%.
Pricing Expected to Become a 2027 Tailwind
CCM price realization was approximately 4% in the third quarter and is expected to be approximately 7% year-over-year in the fourth quarter. Management expects to reach price-cost parity as it exits 2026, with pricing expected to exceed costs thereafter and provide a tailwind in 2027 if input costs remain at current levels or decline.
Competitive Position and Customer Service Remain Strong
Distribution relationships were described as healthy, productive, and aligned, and new market entrants had not produced a meaningful impact on volumes. Carlisle is continuing to invest through the cycle in its sales force, service, warranty, delivery, and customer relationships, including on-time delivery of 98% or better.
DE:CLE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed