Carlisle Companies Incorporated reported a strong financial performance for the fiscal year ending December 31, 2024, with revenues reaching $5,003.6 million, a 9.1% increase from $4,586.9 million in 2023. The company achieved diluted earnings per share (EPS) from continuing operations of $18.34, reflecting a 29% increase compared to $14.22 in the previous year. Operating income also rose to $1,143.1 million, up 16.3% from $982.8 million in 2023, resulting in an operating margin of 22.8%, an improvement from 21.4% in the prior year.
The company's strategic initiatives included significant acquisitions, with nearly $700 million invested to enhance its building envelope capabilities. Notable acquisitions included MTL Holdings LLC, a provider of prefabricated metal systems, and PFB Holdco, Inc., a supplier of expanded polystyrene insulation products. These acquisitions are expected to bolster Carlisle's market position and align with its Vision 2030 strategy, which focuses on energy efficiency and innovation in building products. The company also reported a strong backlog in its Carlisle Construction Materials (CCM) segment, driven by increased demand for re-roofing solutions.
Operationally, Carlisle employed approximately 5,500 people as of December 31, 2024, with a focus on talent development and retention. The company emphasized its commitment to sustainability, achieving ISO 14001 certification for 38 manufacturing facilities and setting ambitious goals for reducing greenhouse gas emissions. The CCM segment reported revenues of $3,704.3 million, a 13.9% increase from the previous year, while the Carlisle Weatherproofing Technologies (CWT) segment saw a slight decline in revenues to $1,299.3 million, down 2.6% from 2023.
Looking ahead, Carlisle anticipates mid-single-digit revenue growth for 2025, driven by continued strength in the re-roofing market and the full-year impact of recent acquisitions. The company plans to invest approximately $150 million in capital expenditures to support growth and performance improvements. Carlisle's proactive approach to innovation and strategic acquisitions positions it well to capitalize on emerging market trends and maintain its competitive edge in the building products industry.
About CARLISLE COMPANIES INC
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