EarningsQ2 2026 Earnings Report
MX:CSL1 Q2 2026 EPS Results
Actual EPS$127.21
Consensus EPS$114.98
Beat/MissBeat by +$12.23
One Year Ago EPS$113.46
MX:CSL1 Q2 2026 Revenue Results
Actual Revenue$28.42B
Expected Revenue$26.71B
Beat/MissBeat by +$1.71B
YoY Revenue Growth+8.33%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:CSL1 Upcoming Earnings
Carlisle Companies's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CSL1 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a net positive message: Carlisle delivered record Q2 revenue and adjusted EPS, generated strong cash flow, strengthened capital return commitments (raising buyback target), and showed tangible progress on CWT self-help and product innovation under Vision 2030. Offsetting these positives were material near-term headwinds from raw material and freight inflation, supplier force majeures, supply constraints (e.g., MDI), a price realization lag that produced a Q2 price/cost hit (~$40M at CCM), and continued weakness in new construction that compressed margins and prompted a 50-basis-point reduction in margin guidance for the year. Management emphasized that pricing actions, operational productivity and structural initiatives should drive margin recovery in the second half and into 2027, leaving the overall tone constructive despite near-term challenges.Company Guidance
Record Quarterly Revenue
Revenue was a record $1.6 billion in Q2, an 8% year-over-year increase driven by strong performance in both CCM and CWT and a small contribution from customer prebuys ahead of announced price increases.
Record Adjusted EPS and Profitability
Adjusted EPS was a record $7.03, up 12% year-over-year. Adjusted EBITDA was $412 million (up 6% YoY) with an adjusted EBITDA margin of 26.2%.
Segment Growth: CCM and CWT
CCM revenue was a record $1.2 billion, up 8% YoY; reroofing demand ~+3% while commercial new construction declined mid-single-digits. CWT revenue increased 10% to $389 million, with share gains and structural initiatives offsetting softness in new construction.
CWT Margin Momentum and Self-Help Realizations
CWT adjusted EBITDA increased 5% to $74 million; margin was 19% (down YoY) but improved 380 basis points sequentially from Q1. The company expects $20 million of full-year margin expansion at CWT from automation, footprint consolidation and in‑house EPS capacity.
Strong Cash Generation and Capital Return
Operating cash flow from continuing operations was $244 million and free cash flow was $203 million in Q2. The company repurchased $250 million of shares in the quarter ($500 million YTD) and returned $590 million to shareholders in H1 (including $90 million of dividends). Full-year repurchase target increased from $1.0 billion to $1.2 billion.
Balance Sheet Strength
Cash and equivalents were $665 million, $1.0 billion available on the revolver, and net debt-to-EBITDA was 1.7x—comfortably inside the 1x–2x target range, supporting M&A optionality and continued capital returns.
Innovation and Vision 2030 Progress
Commercial launches accelerating: shipped first orders of ThermaThin R-7 (R‑7 polyiso) in June; 1 of ~12 new products in 2026 with half already in market. Management expects Vision 2030 targets (including $40 adjusted EPS and ROIC >25%) remain on track and adjusted EPS CAGR since Vision 2030 launch to exceed 11% through 2026.
MX:CSL1 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