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Free Post Earnings Research Report: Carlisle’s Q4 Top-Line Grew 20.0% Y-o-Y; Beat Forecasts

Stock Monitor: Myers Industries Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 14, 2018 / has just released a free earnings report on Carlisle Cos. Inc. (NYSE: CSL). If you want access to this report all you need to do is sign up now by clicking the following link The Company posted its financial results on February 08, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company's net sales grew 20.0% y-o-y, beating market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below: is currently working on the research report for Myers Industries, Inc. (NYSE: MYE), which also belongs to the Consumer Goods sector as the Company Carlisle Cos. Do not miss out and become a member today for free to access this upcoming report at: is focused on giving you timely information and the inside line on companies that matter to you. This morning, Carlisle most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

Earnings Highlights and Summary

In Q4 FY17, Carlisle reported net sales of $1.07 billion compared to $893.5 million in Q4 FY16. The Company's revenue numbers for the reported quarter outperformed market expectations of $1.00 billion. During the reported quarter, the Company's net sales from acquisitions contributed a total of 11.7% to total net sales in the quarter, whereas organic net sales grew 7.6% and foreign exchange positively impacted net sales by 0.7%.

The global diversified Company reported a net income of $115.1 million, or $1.82 per diluted share, in Q4 FY17 compared to $76.2 million, or $1.16 per diluted share, in Q4 FY16. Excluding restructuring and facility rationalization costs, the Company had reported an adjusted net income of $86.6 million, or $1.32 per diluted share, in Q4 FY16. Wall Street had expected the Company to report a net income of $0.97 per diluted share for Q4 FY17.

For the full fiscal year 2017, the Scottsdale, Arizona-based Company's net sales increased 11.3% to $4.09 billion from $3.68 billion in FY16. The Company reported a net income of $365.5 million, or $5.71 per share, in FY17 compared to $250.1 million, or $3.82 per share, in FY16.

Operating Metrics

During Q4 FY17, Carlisle's cost of goods sold came in at $797.0 million compared to $626.4 million in the prior year's same quarter. The Company's selling and administrative (S&A) expenses increased to $155.9 million during Q4 FY17 from $140.8 million in Q4 FY16. Meanwhile, the Company's adjusted operating income fell to $104.0 million, or 9.7% of total sales, in Q4 FY17 from $114.7 million, or 12.8% of total sales, in Q4 FY16.

Segment Performance

Carlisle's Construction Materials segment's net sales grew 26.7% to $618.7 million during Q4 FY17. However, the segment's operating income fell to $87.7 million, or 14.2% of segment sales, in Q4 FY17 from $93.0 million, or 19.0% of segment sales, in Q4 FY16.

In the reported period, Carlisle's Interconnect Technologies segment's net sales were down 0.9% to $208.5 million from $210.3 million in Q4 FY16. The segment's operating income declined to $21.9 million, or 10.5% of segment sales, in Q4 FY17 from $25.9 million, or 12.3% of segment sales, in the year-ago comparable quarter.

During Q4 FY17, Carlisle's FoodService Products segment's net sales grew 28.4% to $81.3 million from $63.3 million in the last year's corresponding quarter. The segment's operating income also rose to $9.8 million, or 12.1% of segment sales, during Q4 FY17 from $7.2 million, or 11.4% segment sales, in Q4 FY16.

Carlisle's Fluid Technologies segment's net sales stood at $79.0 million for Q4 FY17, up 11.3% from $71.0 million in the prior year's same quarter. Furthermore, the segment's operating income stood $3.7 million, or 4.7% of segment sales, in Q4 FY17 compared to $9.3 million, or 13.1% of segment sales, in Q4 FY16.

Carlisle's Brake & Friction segment reported sales of $84.3 million in Q4 FY17, surging 38.9% from $60.7 million in the prior year's comparable quarter. However, the segment posted an operating loss of $1.2 million compared to an operating loss of $3.0 million in Q4 FY16.

Cash Flow and Balance Sheet

During the full year ended December 31, 2017, Carlisle generated $1.09 billion in cash from operating activities compared to $293.4 million in the year ago. The Company's free cash flow stood at $298.8 million for the full year ended December 31, 2017, down $123.6 million y-o-y.

The Company had a cash and cash equivalents balance of $379.6 million as on December 31, 2017, compared to $385.3 million, at the close of books as on December 31, 2016. Furthermore, the Company had a long-term debt amounting to $1.59 billion as on December 31, 2017, compared to $596.4 million as on December 31, 2016.

Share Repurchase

During FY17, the Company used $268.4 million in cash to repurchase approximately 2.7 million shares. Furthermore, on February 06, 2018, the Company's Board of Directors increased its share repurchase program by an additional 5 million shares. This authorization is in addition to approximately 2.1 million shares remaining as of December 31, 2017, under the existing share repurchase authorization announced in September 2016.

Stock Performance Snapshot

March 13, 2018 - At Tuesday's closing bell, Carlisle's stock was slightly up 0.27%, ending the trading session at $108.26.

Volume traded for the day: 329.56 thousand shares.

Stock performance in the last month – up 0.38%; previous six-month period – up 13.97%; and past twelve-month period – up 0.95%

After yesterday's close, Carlisle's market cap was at $6.69 billion.

Price to Earnings (P/E) ratio was at 16.31.

The stock has a dividend yield of 1.37%.

The stock is part of the Consumer Goods sector, categorized under the Rubber & Plastics industry.


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