{"id":31180,"date":"2012-07-24T11:22:00","date_gmt":"2012-07-24T11:22:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/carlisle-companies-csl-another-quarter-of-outstanding-performance\/31180\/"},"modified":"2012-07-24T11:22:00","modified_gmt":"2012-07-24T11:22:00","slug":"carlisle-companies-csl-another-quarter-of-outstanding-performance","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/carlisle-companies-csl-another-quarter-of-outstanding-performance\/31180\/","title":{"rendered":"Carlisle Companies &#8211; CSL &#8211; Another quarter of outstanding performance"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2012\/07\/Carlisle.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-31191\" title=\"Carlisle\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/07\/Carlisle.png\" alt=\"\" width=\"248\" height=\"73\"><\/a>Carlisle Companies Incorporated (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CSL\">NYSE:CSL<\/a>)<\/strong> reported net sales from continuing operations of $984.6 million for the quarter ended June 30, 2012, a 13% increase from net sales of $870.8 million in the second quarter of 2011. Organic sales growth was 7.6%. Acquisitions in the Interconnect Technologies and Construction Materials segments contributed 6.0% to sales in the second quarter. The negative impact on net sales from fluctuations in <a href=\"http:\/\/www.knowfinance.com\/foreign-exchange-market\/\" target=\"_blank\" rel=\"noopener\">foreign exchange<\/a> was less than 1%.<\/p>\n<p>Income from continuing operations rose 62% to $89.4 million, or $1.39 per diluted share, in the second quarter 2012, compared with $55.3 million, or $0.87 per diluted share, in the second quarter 2011. Our income growth was primarily driven by increased selling price realization particularly within Carlisle Construction Materials and Carlisle Transportation Products, sales volume growth and savings from the Carlisle Operating System.<\/p>\n<p>For the six months ended June 30, 2012, CSL net sales from continuing operations of $1.87 billion increased by 20% over the prior year period, reflecting organic growth of 14% and acquisition growth of 6.1%. CSL Income from continuing operations for the six months ended June 30, 2012 rose 69% to $149.4 million, or $2.34 per diluted share, as compared to income of $88.6 million, or $1.40 per diluted share, for the same prior year period.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>David A. Roberts , Chairman, President and Chief Executive Officer, said, \u201cWe followed our impressive first quarter with another quarter of outstanding performance. For the second quarter, we leveraged 13% sales growth into 64% EBIT growth as we continue to benefit from our focus on our high margin businesses and generate savings from the Carlisle Operating System. EBIT margin grew an outstanding 440 basis points to 14.2% in the second quarter of 2012.<\/p>\n<p>\u201cAt our Construction Materials segment (CCM), EBIT margin rose an impressive 500 basis points to 18.2%, reflecting strong performance in selling price realization and operating efficiencies.<\/p>\n<p>\u201cAt Carlisle Brake &amp; Friction (CBF), EBIT margin during the second quarter improved 230 basis points to 18.6% over the same period in 2011.<\/p>\n<p>\u201cOur Carlisle Interconnect Technologies (CIT) segment continued to achieve high growth rates in the commercial aerospace market and successfully integrate the Tri-Star acquisition. Sales at CIT were up organically by 25% and EBIT was up 49%.<\/p>\n<p>\u201cAt Carlisle Transportation Products (CTP), we once again benefited from our past restructuring efforts. EBIT margin at CTP improved an impressive 640 basis points to 9.1%, reflecting continued progress on selling price realization and operational improvements over last year. Our 9.1% margin performance for the second quarter of 2012 is the highest achieved since the early part of 2007.<\/p>\n<p><strong>About Carlisle Companies &#8211; CSL<\/strong><\/p>\n<p>Carlisle Companies Inc. (CSL) is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120726154524\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fthestockmarketwatch.com%2Fstock-market-news%2Fcarlisle-companies-csl-another-quarter-of-outstanding-performance%2F31180&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/celgene-corporation-celg-raising-2012-earnings-outlook-revenue-guidance-reaffirmed\/31316\">\nCelgene Corporation &#8211; CELG &#8211; Raising 2012 Earnings Outlook; Revenue Guidance Reaffirmed<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/stocks-soar-in-early-trading-on-comments-from-ecb-president-strong-economic-data\/31313\">\nStocks Soar in Early Trading on Comments from ECB President, Strong Economic Data<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/gold-prices-flat-silver-prices-lower-2\/31304\">\nGold Prices Flat; Silver Prices Lower<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/u-s-stock-futures-down-as-euro-zone-debt-crisis-concerns-return-to-haunt-investors\/31303\">\nU.S. Stock Futures Down as Euro Zone Debt Crisis Concerns Return to Haunt Investors<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/citrix-q2-profit-rises-12-raises-full-year-outlook-ctxs\/31296\">\nCitrix Q2 Profit Rises 12%, Raises Full Year Outlook (CTXS)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/gold-prices-rally-hopes-of-further-stimulus-shores-up-buying\/31295\">\nGold Prices Rally as Hopes Of Further Stimulus Boosts Buying<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/stocks-end-on-a-mixed-note-38\/31270\">\nStocks End on a Mixed Note<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carlisle Companies Incorporated (NYSE:CSL) reported net sales from continuing operations of $984.6 million for the quarter ended June 30, 2012, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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