NYSE$CSL

Carlisle Companies Incorporated · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Carlisle's Q1 2022 financial performance was marked by record revenues and EPS, driven by strong demand and strategic pricing actions.

Carlisle Companies reported record first-quarter results, with revenues of $1.5 billion, a 59% increase year-over-year. Organic revenue increased by 44.8%. The company reported GAAP diluted EPS of $3.67 and adjusted diluted EPS of $4.26, a 209% increase from the prior year. Strong demand in re-roofing and new construction, along with the successful integration of the Henry acquisition, contributed to the positive results.

  • Generated record first quarter revenues of $1.5 billion, up 45% organically year-over-year
  • Reported record first quarter GAAP Diluted EPS of $3.67 and Adjusted Diluted EPS of $4.26, an increase of 209% from prior year
  • Continued strong tailwinds, including pent-up demand in re-roofing backlogs
  • Henry acquisition continues to exceed expectations

Headline financials

Total Revenue

$1.5B

Previous: $1.03B+45.4%
EPS (adj)

$4.26

Previous: $1.47+189.8%
Capital Expenditures

-$31.1M

Previous: -$20M-55.5%
Free Cash Flow

$163M

Previous: $32.2M+404.7%
Net Income

$194M

Previous: $52.2M+270.9%
Operating Income

$277M

Previous: $89.5M+209.8%
Gross Profit

$491M

Previous: $262M+87.6%
Cash & Equivalents

$292M

Previous: $767M-62.0%
Total Assets

$7.32B

Previous: $5.75B+27.3%
Stock-Based Comp

$9.6M

Previous: $14.9M-35.6%

Revenue & EPS history

Carlisle · Revenue · Quarterly

$1.5B

Q1 2022+45.4%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Carlisle · $1.24B total across 2 segments · Q1 2022

  • Carlisle Construction Materials
    $881M+22.5%
  • Carlisle Weatherproofing Technologies
    $359M

Forward guidance

Carlisle is well positioned to drive continued profitable growth in 2022 and deliver Vision 2025.

Tailwinds

  • Demand accelerating across our businesses
  • New segment structure in place to focus our teams
  • CIT's backlog continues to grow
  • Encouraged by the recertification and accelerating deliveries of the 737 MAX
  • Impending resumption of 787 deliveries later this year, and improved capital spending in Medical markets.

Headwinds

  • Weathered significant global supply chain disruptions
  • Raw material and labor inflation persisted
  • Expect these pressures will persist throughout 2022
  • Continued humanitarian crisis occurring in Eastern Europe and Ukraine
  • Conflict in the international arena, including the Russian invasion of Ukraine, may adversely affect general market conditions and our future performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.0%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.8%

Avg return

30 days after

62%

42 / 68 earnings

Positive

+13.0%

Q1 2010

Best reaction

-14.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.0%-4.7%-8.3%
Q4 2025+11.1%+12.9%-0.4%
Q3 2025-1.6%-1.3%-4.0%
Q1 2025+6.0%+5.4%+7.5%
Q4 2024-8.9%-5.8%-10.7%
Q3 2024-9.1%-8.7%-2.0%
Q2 2024+1.0%-2.5%-4.6%
Q1 2024+6.7%+3.5%+14.0%
Q4 2023+8.7%+10.0%+16.2%
Q3 2023+4.9%+7.1%+16.3%
Q2 2023+3.0%+3.1%-3.5%
Q1 2023+1.5%-0.3%+2.0%
Q4 2022+1.8%+3.6%+3.6%
Q3 2022-14.4%-15.2%-7.7%
Q2 2022+6.9%+9.1%+13.3%
Q1 2022+6.2%+8.9%+3.8%
Q4 2021+0.1%+3.7%+1.4%
Q3 2021+4.5%+5.5%+9.3%
Q2 2021+0.9%+0.8%+4.4%
Q1 2021+6.3%+8.0%+7.8%
Q4 2020+0.3%-2.2%-0.2%
Q3 2020-1.0%+5.0%+17.8%
Q2 2020+0.4%-1.5%+2.4%
Q1 2020-2.2%-3.7%-4.8%
Q4 2019-0.0%-1.7%-11.4%
Q3 2019+6.3%+6.5%+7.9%
Q2 2019+7.6%+9.4%+8.5%
Q1 2019+9.0%+10.4%+5.8%
Q4 2018+6.2%+6.5%+8.1%
Q3 2018-8.9%-7.7%+0.5%
Q2 2018+8.3%+8.6%+12.7%
Q1 2018+5.2%+5.4%+5.0%
Q4 2017-2.8%-4.7%-3.1%
Q3 2017+6.0%+6.4%+6.0%
Q2 2017-2.6%-2.0%-6.5%
Q1 2017-7.2%-7.9%-6.5%
Q4 2016-2.4%-2.6%-1.0%
Q3 2016-3.5%-2.4%+8.6%
Q2 2016-2.5%-2.3%-0.3%
Q1 2016+3.3%
Q4 2015+4.0%
Q3 2015-6.0%
Q2 2015-1.2%
Q1 2015+4.9%
Q4 2014+3.8%
Q3 2014+5.6%
Q2 2014-2.3%
Q1 2014+4.8%
Q4 2013+5.9%
Q3 2013+0.5%
Q2 2013+2.6%
Q1 2013-2.4%
Q4 2012+3.1%
Q3 2012+5.9%
Q2 2012-3.2%
Q1 2012+1.3%
Q4 2011-0.9%
Q3 2011+5.2%
Q2 2011-10.0%
Q1 2010+13.0%
Q1 2011+3.3%
Q4 2008+4.4%
Q4 2010+4.4%
Q3 2010-1.1%
Q3 2009-1.1%
Q4 2009-12.5%
Q2 2010-12.5%
Q2 2009-12.5%

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