NYSE$CSL
Carlisle Companies Incorporated · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported diluted earnings per share of $1.87.
Carlisle Companies reported a decrease in revenue and operating income compared to the third quarter of 2019, but CCM delivered a 5% year-over-year improvement in operating income, and sequential improvement through the third quarter with September sales ending slightly positive year-over-year for the first time since the pandemic began.
- CCM reported 22.0% operating margin despite a sales decline of approximately 8%.
- CIT responded quickly to the downturn with restructuring and diversification efforts, which partially offset global aerospace market declines.
- Reported EPS of $1.87 includes $0.08 of costs attributable to restructuring and COVID-19 items.
- Carlisle repurchased 1.2 million shares for $150 million during the third quarter and increased its dividend 5%, the 44th consecutive year of increases.
Headline financials
Revenue & EPS history
Carlisle · Revenue · Quarterly
$1.13B
Revenue by segment
Carlisle · $824M total across 1 segment · Q3 2020
- Carlisle Construction Materials$824M-7.8%100.0%
Forward guidance
Carlisle is confident in its ability to accelerate though this recovery and deliver on Vision 2025. The uncertainties remaining around the pandemic, including the length and severity of the economic downturn, continued tension with China, and volatility surrounding upcoming elections in the United States, likely, will result in a choppy path to ultimate recovery.
Tailwinds
- Recently announced price increases by the major CCM competitors
- Improving demand trends in the industry
- Significant long-term positive re-roofing projections
- CCM's consistent price leadership
- Efficiencies gained from COS
Headwinds
- The uncertainties remaining around the pandemic
- The length and severity of the economic downturn
- Continued tension with China
- Volatility surrounding upcoming elections in the United States
- Market conditions are stabilizing but the unfortunate reality is that demand for global off-highway vehicles is still weak.
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 Q3 2020
+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
| Quarter | Report date | Reaction (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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