Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


(Mark One)			☒			QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED March 31, 2025


			☐			TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM _____ TO _____.

Commission file number 1-9278

www.carlisle.com

CARLISLE COMPANIES INCORPORATED

(Exact name of registrant as specified in its charter)


Delaware			31-1168055
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

16430 North Scottsdale Road, Suite 400, Scottsdale, Arizona 85254

(Address of principal executive offices, including zip code)

(480) 781-5000

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $1 par value

CSL

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.


Yes			☒			No			☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).


Yes			☒			No			☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


Yes			☐			No			☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).


Yes			☐			No			☒

On April 17, 2025, there were 43,253,572 shares of the registrant's common stock, par value $1.00 per share, outstanding.

Carlisle Companies Incorporated

Table of Contents


			Page
PART I—Financial Information

Item 1. Financial Statements			3

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)			3

Condensed Consolidated Balance Sheets (Unaudited)			4

Condensed Consolidated Statements of Cash Flows (Unaudited)			5

Condensed Consolidated Statements of Stockholders' Equity (Unaudited)			6

Notes to Condensed Consolidated Financial Statements (Unaudited)			7

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			16

Item 3. Quantitative and Qualitative Disclosure about Market Risk			22

Item 4. Controls and Procedures			22

PART II—Other Information

Item 1. Legal Proceedings			23

Item 1A. Risk Factors			23

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			23

Item 3. Defaults Upon Senior Securities			23

Item 4. Mine Safety Disclosures			23

Item 5. Other Information			23

Item 6. Exhibits			24

Signature			25

PART I—Financial Information

Item 1. Financial Statements

Carlisle Companies Incorporated

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)


	Three Months Ended March 31,
(in millions, except per share amounts)		2025		2024
Revenues		$	1,095.8	$	1,096.5

Cost of goods sold		710.1		697.6
Selling and administrative expenses		194.0		166.8
Research and development expenses		10.7		9.2

Other operating expense (income), net		(2.6)		(2.3)
Operating income		183.6		225.2
Interest expense		14.8		18.6

Interest income		(6.4)		(7.9)
Other non-operating expense (income), net		0.2		(0.3)
Income from continuing operations before income taxes		175.0		214.8
Provision for income taxes		34.9		43.9
Income from continuing operations		140.1		170.9




Income from discontinued operations		3.2		21.4
Net income		$	143.3	$	192.3

Basic earnings per share attributable to common shares:
Income from continuing operations		$	3.16	$	3.57
Income from discontinued operations		0.07		0.45
Basic earnings per share		$	3.23	$	4.02

Diluted earnings per share attributable to common shares:
Income from continuing operations		$	3.13	$	3.52
Income from discontinued operations		0.07		0.45
Diluted earnings per share		$	3.20	$	3.97

Average shares outstanding:
Basic		44.3		47.8
Diluted		44.7		48.4

Comprehensive income:
Net income		$	143.3	$	192.3
Other comprehensive income (loss):
Foreign currency gains (losses)		8.0		(9.7)

Other, net of tax		0.3		1.5
Other comprehensive income (loss)		8.3		(8.2)
Comprehensive income		$	151.6	$	184.1

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

Carlisle Companies Incorporated

Condensed Consolidated Balance Sheets (Unaudited)


(in millions, except par values)	March 31, 2025		December 31, 2024
ASSETS

Cash and cash equivalents	$	220.2	$	753.5
Receivables, net of allowance for credit losses of $5.3 and $4.7	699.4		579.7
Inventories	529.6		472.7


Other current assets	82.4		120.4

Total current assets	1,531.6		1,926.3

Property, plant, and equipment, net of accumulated depreciation of $720.7 and $702.5	738.3		711.8
Goodwill	1,490.1		1,478.0
Other intangible assets, net of accumulated amortization of $576.2 and $543.5	1,496.0		1,504.9
Other long-term assets	194.9		195.6

Total assets	$	5,450.9	$	5,816.6

LIABILITIES AND EQUITY

Accounts payable	$	313.5	$	261.1
Other current liabilities	279.6		404.7

Total current liabilities	593.1		665.8


Long-term debt	1,890.5		1,887.4
Contract liabilities	326.0		322.2
Deferred taxes	230.6		228.2
Other long-term liabilities	244.2		249.7





Common stock(1)(2)	78.7		78.7
Additional paid-in capital	586.5		589.0
Treasury stock(3)	(5,268.0)		(4,867.4)
Accumulated other comprehensive loss	(101.8)		(110.1)
Retained earnings	6,871.1		6,773.1

Total liabilities and equity	$	5,450.9	$	5,816.6

(1)Preferred Stock: $1 par value; 5.0 shares authorized; no shares were issued or outstanding during any period presented

(2)Common Stock: $1 par value; 200.0 shares authorized; 43.3 and 44.4 shares outstanding, respectively

(3)Treasury Stock: at cost; 35.3 and 34.2 shares, respectively

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

Carlisle Companies Incorporated

Condensed Consolidated Statements of Cash Flows (Unaudited)


	Three Months Ended March 31,
(in millions)	2025		2024
Operating activities:
Net income	$	143.3	$	192.3
Reconciliation of net income to net cash provided by operating activities:
Depreciation	17.7		16.6
Amortization	30.1		22.3


Stock-based compensation	10.7		12.0

Deferred taxes	(0.5)		(0.1)


Other operating activities	8.6		9.3
Changes in assets and liabilities, excluding effects of acquisitions:
Receivables	(116.3)		(87.2)
Inventories	(54.6)		(52.8)

Other current assets	7.5		11.3
Accounts payable	50.3		78.4
Other current liabilities	(86.8)		(41.1)

Other long-term liabilities	(8.2)		2.5
Net cash provided by operating activities	1.8		163.5

Investing activities:

Acquisitions, net of cash acquired	(49.9)		—
Capital expenditures	(29.0)		(32.5)

Other investing activities	—		0.5
Net cash used in investing activities	(78.9)		(32.0)

Financing activities:





Repurchases of common stock	(400.0)		(150.0)
Dividends paid	(45.2)		(41.5)
Proceeds from exercise of stock options	2.7		42.5
Withholding tax paid related to stock-based compensation	(12.9)		(16.2)
Other financing activities	(1.0)		(0.9)
Net cash used in financing activities	(456.4)		(166.1)

Effect of foreign currency exchange rate changes on cash and cash equivalents	0.2		(0.7)
Change in cash and cash equivalents	(533.3)		(35.3)
Less: change in cash and cash equivalents of discontinued operations	—		(11.2)
Cash and cash equivalents at beginning of period	753.5		576.7
Cash and cash equivalents at end of period	$	220.2	$	552.6

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

Carlisle Companies Incorporated

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)


	Common Stock			Additional Paid-In Capital		Accumulated Other Comprehensive Loss		Retained Earnings		Treasury Stock			Total Stockholders' Equity
(in millions, except per share amounts)	Shares Outstanding	Amount								Shares	Cost
Balance as of December 31, 2023	47.7	$	78.7	$	553.8	$	(111.1)	$	5,634.0	30.9	$	(3,326.4)	$	2,829.0

Net income	—	—		—		—		192.3		—	—		192.3
Other comprehensive loss	—	—		—		(8.2)		—		—	—		(8.2)
Dividends - $0.85 per share	—	—		—		—		(41.5)		—	—		(41.5)
Repurchases of common stock(1)	(0.5)	—		—		—		—		0.5	(150.5)		(150.5)
Stock based compensation(2)	0.4	—		9.0		—		—		(0.4)	29.2		38.2
Balance as of March 31, 2024	47.6	$	78.7	$	562.8	$	(119.3)	$	5,784.8	31.0	$	(3,447.7)	$	2,859.3

Balance as of December 31, 2024	44.4	$	78.7	$	589.0	$	(110.1)	$	6,773.1	34.2	$	(4,867.4)	$	2,463.3

Net income	—	—		—		—		143.3		—	—		143.3
Other comprehensive income	—	—		—		8.3		—		—	—		8.3
Dividends - $1.00 per share	—	—		—		—		(45.3)		—	—		(45.3)
Repurchases of common stock(1)	(1.2)	—		—		—		—		1.2	(403.7)		(403.7)
Stock based compensation(2)	0.1	—		(2.5)		—		—		(0.1)	3.1		0.6
Balance as of March 31, 2025	43.3	$	78.7	$	586.5	$	(101.8)	$	6,871.1	35.3	$	(5,268.0)	$	2,166.5

(1)Repurchases of common stock includes excise taxes on share repurchases.

(2)Stock-based compensation includes stock options exercised net of tax, restricted and performance shares vested, and shares issued and deferred associated with deferred compensation.

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

Carlisle Companies Incorporated

Notes to Condensed Consolidated Financial Statements (Unaudited)

Note 1—Basis of Presentation

These unaudited Condensed Consolidated Financial Statements include the accounts of Carlisle Companies Incorporated and its wholly owned subsidiaries (collectively "Carlisle" or the "Company").

These unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP"), but they do not include all information required for complete financial statements. As such, they should be read in conjunction with the Company’s audited Consolidated Financial Statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2024.

In the opinion of the Company's management, these unaudited Condensed Consolidated Financial Statements contain all normal and recurring adjustments necessary to fairly state the financial results of the interim periods presented. Certain prior period amounts have been reclassified to conform to the current period's presentation.

New Accounting Pronouncements

The Company does not expect any recently issued accounting pronouncements to materially affect its financial position or results of operations.

Note 2—Segment Information

The Company has two reportable segments:

Carlisle Construction Materials ("CCM")—this segment produces a complete line of premium single-ply roofing products and warranted roof systems and accessories for the commercial building industry, including ethylene propylene diene monomer ("EPDM"), thermoplastic polyolefin ("TPO") and polyvinyl chloride ("PVC") membrane, polyisocyanurate ("polyiso") insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings.

Carlisle Weatherproofing Technologies ("CWT")—this segment produces building envelope solutions that effectively drive energy efficiency and sustainability in commercial and residential applications. Products include high-performance waterproofing and moisture protection products, protective roofing underlayments, fully integrated liquid and sheet applied air/vapor barriers, sealants/primers and flashing systems, roof coatings and mastics, spray polyurethane foam and coating systems for a wide variety of thermal protection applications and other premium polyurethane products, block-molded expanded polystyrene insulation, engineered products for HVAC applications, and premium products for a variety of industrial and surfacing applications.

Carlisle's chief operating decision maker ("CODM") is its Chief Executive Officer. The CODM uses segment operating income in the annual budget and forecasting process. The CODM considers forecast-to-actual variances on a quarterly basis when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses operating income to assess the performance of each segment and determine the compensation of certain employees.

A summary of financial information by reportable segment follows:


	Three Months Ended March 31, 2025
(in millions)	CCM		CWT		Total
Revenue	$	798.5	$	297.3	$	1,095.8

Cost of goods sold	500.9		209.2		710.1
Selling and administrative expenses	95.0		68.7		163.7
Research and development expenses	8.1		2.6		10.7
Other operating expense (income), net(1)	(0.3)		0.6		0.3
Segment operating income	194.8		16.2		211.0



Corporate and unallocated operating expense					27.4
Interest expense					14.8
Interest income					(6.4)
Other non-operating expense (income), net					0.2
Income from continuing operations before income taxes					$	175.0

(1)Primarily related to legal settlements and asset retirement obligations.


	Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total
Revenue	$	783.6	$	312.9	$	1,096.5

Cost of goods sold	488.5		208.1		696.6
Selling and administrative expenses	77.3		60.0		137.3
Research and development expenses	6.7		2.5		9.2
Other operating expense (income), net(1)	(0.1)		0.1		—
Segment operating income	211.2		42.2		253.4



Corporate and unallocated operating expense					28.2
Interest expense					18.6
Interest income					(7.9)
Other non-operating expense (income), net					(0.3)
Income from continuing operations before income taxes					$	214.8

(1)Primarily related to lease terminations and asset retirement obligations.

Other financial information by reportable segment follows:


	Three Months Ended March 31,
	2025				2024
(in millions)	Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures
Carlisle Construction Materials	$	21.6	$	18.4	$	16.1	$	16.9
Carlisle Weatherproofing Technologies	25.3		10.6		21.9		7.1
Segment total	46.9		29.0		38.0		24.0
Corporate and unallocated	0.9		—		0.9		—
Total	$	47.8	$	29.0	$	38.9	$	24.0

The Company does not report total assets by segment as this is not a metric used by the CODM to allocate resources or evaluate segment performance.

Note 3—Acquisitions

2025 Acquisition

ThermaFoam

On February 3, 2025, the Company completed the acquisition of select assets of ThermaFoam Operating LLC, PowerFoam LLC, and ThermaFoam Real Estate LLC, (collectively, "ThermaFoam"), for cash consideration of $52.9 million, subject to customary post-closing purchase price adjustments that are expected to be finalized in the second quarter of 2025. ThermaFoam serves the commercial, residential, and infrastructure construction markets through both the ThermaFoam and PowerFoam brands. The purchase of ThermaFoam is consistent with Carlisle’s Vision 2030 strategy and strategic pivot to a pure play building products company with increased investment in innovation and synergistic acquisitions.

ThermaFoam contributed revenues of $3.3 million and operating income of $0.4 million for the period from February 3, 2025, to March 31, 2025. The results of operations of the acquired business are reported as part of the CWT segment.

The acquisition has been accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations. The following table summarizes the consideration transferred to acquire ThermaFoam and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation for all acquired assets and liabilities.


	Preliminary Allocation
(in millions)	As of 2/3/2025
Total cash consideration transferred	$	52.9
Recognized amounts of identifiable assets acquired and liabilities assumed:

Receivables, net	2.7
Inventories	1.4
Other current assets	0.1
Property, plant and equipment	8.8
Other intangible assets	6.7

Accounts payable	(0.9)
Other current liabilities	(0.6)


Total identifiable net assets	18.2
Goodwill	$	34.7

The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:


(in millions)	Fair Value		Weighted Average Useful Life (in years)
Customer relationships	$	6.5	9
Other intangibles	0.2		5
Total	$	6.7

2024 Acquisitions

PFB Holdco

On December 18, 2024, the Company completed the acquisition of 100% of the equity interests of PFB Holdco, Inc. ("PFB") for cash consideration of $265.9 million, including $6.4 million of cash acquired, subject to certain customary purchase price adjustments that are expected to be finalized in the second quarter of 2025. PFB is a leading vertically integrated provider of expanded polystyrene insulation products across Canada and the Midwestern United States.

The following table summarizes the consideration transferred to acquire PFB and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation for all acquired assets and liabilities.


	Preliminary Allocation		Measurement Period Adjustments		Preliminary Allocation
(in millions)	As of 12/18/2024				As of 3/31/2025
Total cash consideration transferred	$	268.9	$	(3.0)	$	265.9
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	6.4		—		6.4
Receivables, net	9.6		—		9.6
Inventories	14.5		—		14.5
Other current assets	6.6		—		6.6
Property, plant and equipment	31.7		—		31.7
Other intangible assets	112.8		11.5		124.3
Other long-term assets	46.1		—		46.1
Accounts payable	(4.6)		—		(4.6)
Other current liabilities	(27.8)		13.0		(14.8)
Deferred taxes	(27.9)		(1.8)		(29.7)
Other long-term liabilities	(43.5)		—		(43.5)
Total identifiable net assets	123.9		22.7		146.6
Goodwill	$	145.0	$	(25.7)	$	119.3

The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:


(in millions)	Fair Value		Weighted Average Useful Life (in years)
Customer relationships	$	81.5	11
Trade names	15.0		15
Technologies	27.8		11

Total	$	124.3

MTL Holdings

On May 1, 2024, the Company completed the acquisition of 100% of the equity of MTL Holdings LLC ("MTL") for cash consideration of $424.6 million, including $10.3 million of cash acquired, subject to certain customary post-closing purchase price adjustments that were finalized in the third quarter of 2024. MTL is a leading provider of prefabricated perimeter edge metal systems and non-insulated architectural metal wall systems for commercial, institutional and industrial buildings.

The following table summarizes the consideration transferred to acquire MTL and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation for all acquired assets and liabilities.


	Preliminary Allocation		Measurement Period Adjustments		Preliminary Allocation
(in millions)	As of 5/1/2024				As of 3/31/2025
Total cash consideration transferred	$	423.1	$	1.5	$	424.6
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	10.3		—		10.3
Receivables, net	14.0		—		14.0
Inventories	17.2		—		17.2
Other current assets	0.9		—		0.9
Property, plant and equipment	10.7		(0.3)		10.4
Other intangible assets	248.3		—		248.3
Other long-term assets	8.1		0.3		8.4
Accounts payable	(5.9)		—		(5.9)
Other current liabilities	(6.1)		—		(6.1)
Deferred taxes	(6.9)		—		(6.9)
Other long-term liabilities	(6.7)		(0.9)		(7.6)
Total identifiable net assets	283.9		(0.9)		283.0
Goodwill	$	139.2	$	2.4	$	141.6

Note 4—Discontinued Operations

On May 21, 2024, the Company completed the sale of Carlisle Interconnect Technologies ("CIT") for cash proceeds of $2.025 billion, subject to certain customary purchase price adjustments, which were finalized in the third quarter of 2024.

A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows:


	Three Months Ended March 31, 2025
	CIT		Other		Total










(Loss) income from discontinued operations before income taxes(1)	(0.3)		2.6		2.3
(Benefit from) provision for from income taxes	(1.1)		0.2		(0.9)
Income from discontinued operations	$	0.8	$	2.4	$	3.2

(1)Related to other non-operating income and expenses


	Three Months Ended March 31, 2024
	CIT		Other		Total
Revenues	$	213.4	$	—	$	213.4

Cost of goods sold	153.8		—		153.8

Other operating expense (income), net	22.5		—		22.5
Operating income	37.1		—		37.1
Other non-operating expense (income), net	(0.2)		7.6		7.4
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale	37.3		(7.6)		29.7
Loss on sale of discontinued operations	—		0.2		0.2
Pre-close transaction expenses(1)	7.6		—		7.6
Income (loss) from discontinued operations before income taxes	29.7		(7.8)		21.9
Provision for (benefit from) income taxes	3.4		(2.9)		0.5
Income (loss) from discontinued operations	$	26.3	$	(4.9)	$	21.4

(1)Includes legal fees and stock-based compensation expenses directly related to the sale incurred prior to the close of the transaction. Upon close of the transaction, these expenses are incorporated into the (gain)/loss on sale of discontinued operations.

A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows:



	Three Months Ended March 31, 2025
(in millions)	CIT		Other		Total
Net cash provided by operating activities	$	0.8	$	2.4	$	3.2
Net cash provided by investing activities	—		—		—
Net cash used in financing activities(1)	(0.8)		(2.4)		(3.2)
Change in cash and cash equivalents from discontinued operations	—		—		—
Cash and cash equivalents from discontinued operations at beginning of period	—		—		—
Cash and cash equivalents from discontinued operations at end of period	$	—	$	—	$	—


	Three Months Ended March 31, 2024
(in millions)	CIT		Other		Total
Net cash provided by (used in) operating activities	$	12.4	$	(4.9)	$	7.5
Net cash used in investing activities	(8.3)		—		(8.3)
Net cash (used in) provided by financing activities(1)	(15.3)		4.9		(10.4)
Change in cash and cash equivalents from discontinued operations	(11.2)		—		(11.2)
Cash and cash equivalents from discontinued operations at beginning of period	28.8		—		28.8
Cash and cash equivalents from discontinued operations at end of period	$	17.6	$	—	$	17.6

(1)Represents (repayments) or borrowings from the Carlisle cash pool to fund working capital and capital expenditures and return of capital upon sale.

Note 5—Earnings Per Share

The Company’s restricted shares contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing earnings per share pursuant to the two-class method. The numerator in the computation of earnings per share includes income attributable to vested and deferred restricted shares and restricted stock units but excludes unvested restricted shares. The denominator includes the dilutive impact of vested and deferred restricted shares but excludes unvested shares.

Diluted earnings per share is calculated using the treasury stock method and includes stock options and performance share awards as they are contingently issuable. However, neither qualifies as a participating security as they lack non-forfeitable dividend rights.

Income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method follows:


		Three Months Ended March 31,
(in millions, except per share amounts and percentages)			2025			2024
Income from continuing operations			$	140.1		$	170.9
Less: dividends declared			45.3			41.5
Undistributed earnings			94.8			129.4
Percent allocated to common stockholders(1)			99.8		%	99.8		%
Undistributed earnings allocated to common stockholders			94.6			129.1
Add: dividends declared to common shares, restricted stock units and vested and deferred restricted and performance shares			45.2			41.4
Income from continuing operations attributable to common stockholders			$	139.8		$	170.5

Shares:
Basic weighted-average shares outstanding			44.3			47.8
Effect of dilutive securities:
Performance awards			0.1			0.2
Stock options			0.3			0.4
Diluted weighted-average shares outstanding			44.7			48.4

Per share income from continuing operations attributable to common shares:
Basic			$	3.16		$	3.57
Diluted			$	3.13		$	3.52

(1)	Basic weighted-average shares outstanding		44.3			47.8
	Basic weighted-average shares outstanding and unvested restricted shares expected to vest		44.4			47.9
	Percent allocated to common stockholders		99.8		%	99.8		%

To calculate earnings per share for income from discontinued operations and for net income, the denominator for both basic and diluted earnings per share is the same as used in the above table.


	Three Months Ended March 31,
(in millions)		2025		2024
Income from discontinued operations attributable to common stockholders for basic and diluted earnings per share		$	3.2	$	21.4
Net income attributable to common stockholders for basic and diluted earnings per share		143.0		191.9
Anti-dilutive stock options excluded from earnings per share calculation(1)		0.2		0.1

(1)Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.

Note 6—Revenues

Revenues by End-Market

A summary of revenues disaggregated by end-market follows:


	Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total		CCM		CWT		Total

Non-residential construction	$	734.8	$	138.1	$	872.9	$	718.8	$	134.8	$	853.6
Residential construction	63.7		130.4		194.1		64.8		145.0		209.8





Other	—		28.8		28.8		—		33.1		33.1
Total revenues	$	798.5	$	297.3	$	1,095.8	$	783.6	$	312.9	$	1,096.5

Revenues by Geographic Area

A summary of revenues based on the region to which the product was delivered follows:


	Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total		CCM		CWT		Total
United States	$	710.5	$	255.4	$	965.9	$	703.8	$	278.7	$	982.5
International:
Europe	59.8		4.7		64.5		56.0		5.3		61.3
North America (excluding U.S.)	22.5		32.9		55.4		17.9		24.8		42.7


Other	5.7		4.3		10.0		5.9		4.1		10.0
Total international	88.0		41.9		129.9		79.8		34.2		114.0
Total revenues	$	798.5	$	297.3	$	1,095.8	$	783.6	$	312.9	$	1,096.5

Contract Liabilities

The Company receives payment at inception of contracts for separately priced extended service warranties, and revenue is deferred and recognized on a straight-line basis over the life of the contracts. Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. A summary of the change in contract liabilities for the three months ended March 31, follows:


(in millions)	2025		2024
Balance as of January 1	$	350.5	$	324.0
Revenue deferred	11.5		12.2
Revenue recognized	(7.4)		(6.9)

Balance as of March 31	$	354.6	$	329.3

A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of March 31, 2025, follows:


(in millions)	Remainder of 2025		2026		2027		2028		2029		2030		Thereafter
Extended service warranties	$	22.0	$	28.3	$	27.2	$	26.2	$	25.2	$	24.4	$	201.3

Note 7—Income Taxes

The effective income tax rate on continuing operations for the three months ended March 31, 2025, was 19.9%. The year-to-date provision for income taxes included taxes on earnings at an anticipated rate of 23.3% and a tax benefit of $5.8 million from discrete activity primarily related to reduced prior year tax liabilities and excess tax benefits from employee stock compensation.

The effective income tax rate on continuing operations for the three months ended March 31, 2024, was 20.4%.

Note 8—Inventories

A summary of the Company's inventories follows:


(in millions)	March 31, 2025		December 31, 2024
Raw materials	$	173.1	$	157.0
Work-in-process	26.3		26.1
Finished goods	341.1		299.8
Reserves	(10.9)		(10.2)
Inventories	$	529.6	$	472.7

Note 9—Other Intangible Assets

A summary of the Company's other intangible assets follows:


	March 31, 2025						December 31, 2024
(in millions)	Acquired Cost		Accumulated Amortization		Net Book Value		Acquired Cost		Accumulated Amortization		Net Book Value

Customer relationships	$	1,471.4	$	(406.3)	$	1,065.1	$	1,456.0	$	(380.5)	$	1,075.5
Indefinite lived trade names	252.6		—		252.6		252.0		—		252.0
Technology	191.4		(106.7)		84.7		185.6		(103.4)		82.2
Definite-lived trade names	117.1		(38.5)		78.6		117.0		(37.0)		80.0

Other	39.7		(24.7)		15.0		37.8		(22.6)		15.2
Other intangible assets	$	2,072.2	$	(576.2)	$	1,496.0	$	2,048.4	$	(543.5)	$	1,504.9

Note 10—Long-term Debt

A summary of the Company's long-term debt follows:


(in millions)					Fair Value(1)
	March 31, 2025		December 31, 2024		March 31, 2025		December 31, 2024
2.20% Notes due 2032	$	550.0	$	550.0	$	457.3	$	448.7
2.75% Notes due 2030	750.0		750.0		680.2		672.2
3.75% Notes due 2027	600.0		600.0		586.2		584.1

Unamortized discount, debt issuance costs and other	(5.6)		(9.4)
Total debt	1,894.4		1,890.6
Less: current portion of debt	3.9		3.2
Long term-debt	$	1,890.5	$	1,887.4

(1)The fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities. Based on these inputs, the debt instruments are classified as Level 2 in the fair value hierarchy.

Revolving Credit Facility

During the three months ended March 31, 2025, there were no borrowings or repayments under the Company's Fifth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. (the "Credit Agreement"). As of March 31, 2025 and December 31, 2024, the Company had no outstanding balance and $1.0 billion available under the Credit Agreement.

Covenants and Limitations

The Notes and the Credit Agreement require the Company to meet various restrictive covenants and limitations, including certain leverage and interest coverage ratios and limits on outstanding debt balances held by certain subsidiaries. The Company was in compliance with all covenants and limitations as of March 31, 2025 and December 31, 2024.

Letters of Credit and Guarantees

During the normal course of business, the Company enters into commitments in the form of letters of credit and bank guarantees to provide its own financial and performance assurance to third parties. The Company has not issued any guarantees on behalf of any third parties. As of March 31, 2025 and December 31, 2024, the Company had $19.2 million and $22.8 million in letters of credit and bank guarantees outstanding. The Company has multiple arrangements to obtain letters of credit, which include an agreement with unspecified availability and separate agreements for up to $80.0 million in letters of credit, of which $60.8 million was available as of March 31, 2025.

Note 11—Commitments and Contingencies

Litigation

As of March 31, 2025, there were no material developments in the legal proceedings included in Note 16 to the audited Consolidated Financial Statements in the 2024 Form 10-K, and there were no new material legal proceedings during the three months ended March 31, 2025.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Carlisle Companies Incorporated (“Carlisle”, the “Company”, “we”, “us” or “our”) is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through our building products businesses, Carlisle Construction Materials ("CCM") and Carlisle Weatherproofing Technologies ("CWT"), and family of leading brands, we deliver innovative, labor reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior stockholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases.

Management’s Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is designed to provide a reader of our financial statements with a narrative from the perspective of Company management. All references to "Notes" refer to our Notes to Condensed Consolidated Financial Statements in Item 1 of this Quarterly Report on Form 10-Q.

Executive Overview

With perseverance and a commitment to achieving Vision 2030, our team overcame challenges from the continued softness in the residential construction market, the negative impact of this winter’s weather, and the significant economic uncertainty created by recent tariffs. Despite these headwinds, Carlisle delivered revenue of $1.1 billion, essentially flat year-over-year, with diluted EPS of $3.13. Better weather in March contributed to positive momentum that continues into April, the start of our U.S. summer construction season.

Despite the broad tariff actions, we remained relatively unaffected by the tariffs in the first quarter with over 90% of our raw materials sourced in North America and over 90% of our sales in North America. At the current levels, the tariffs should have a minimal impact in the second quarter. While the direct impact of the current tariffs may be limited, we do remain concerned regarding the increased potential for a further slowdown in the state of the U.S. economy in the second half of 2025.

Feedback from our latest Carlisle Market Survey (“CMS”) conducted in early April reinforces our positive outlook on the 2025 roofing season. Survey participants expect a low-single-digit increase in commercial roofing volumes, driven more by re-roofing than new construction demand. Participants also expect commercial roofing prices will increase low-single-digits with increases starting in the second quarter, consistent with prior expectations. Our survey results also suggest that inventory levels in the channel remain lower than normal due to higher carrying costs and economic uncertainty. Participants expect residential volumes will decrease low-single-digits due to continued buyer uncertainty, affordability challenges, higher interest rates and low housing turnover that has impacted this part of the industry since the second quarter of 2024.

Our acquisition playbook continues to deliver results. Our recent acquisitions of MTL Holdings LLC ("MTL"), PFB Holdco, Inc. ("PFB"), and select assets of ThermaFoam Operating LLC, PowerFoam LLC, and ThermaFoam Real Estate LLC, (collectively, "ThermaFoam") contributed $50 million of revenue in the first quarter, and we expect all three of these acquisitions to exceed our original synergy projections.

Consistent with our commitment to generate superior shareholder returns through a balanced capital deployment approach, we are raising our 2025 target level of share repurchases from $800 million to $1 billion. During the first quarter, we repurchased 1.2 million shares for $400 million.

As we move forward in 2025, we will continue to invest in accelerating our introduction of innovative energy-efficient and labor-saving solutions, improving the Carlisle Experience, and optimizing operating efficiencies through the Carlisle Operating System. Our recent innovation efforts are bolstering our Voice of the Customer process and accelerating our speed-to-market through initiatives like our innovation accelerator program that was recently announced.

Summary of Financial Results


	Three Months Ended March 31,
(in millions, except per share amounts and percentages)		2025			2024
Revenues		$	1,095.8		$	1,096.5
Operating income		$	183.6		$	225.2
Operating margin		16.8		%	20.5		%
Income from continuing operations		$	140.1		$	170.9


Diluted earnings per share from continuing operations		$	3.13		$	3.52


Adjusted EBITDA(1)		$	238.4		$	265.5
Adjusted EBITDA margin(1)		21.8		%	24.2		%

(1)Adjusted EBITDA and adjusted EBITDA margin are intended to provide investors and others with information about Carlisle's and our segments' performance without the effect of items that, by their nature, tend to obscure core operating results due to potential variability across periods based on the timing, frequency and magnitude of such items. Refer to Non-GAAP Financial Measures in this MD&A for more information about, and a detailed reconciliation of, these items.

Consolidated Results of Operations

Revenues


(in millions, except percentages)	2025		2024		Change		%		Organic		Acquisition Effect		Exchange Rate Effect

Three months ended March 31	$	1,095.8	$	1,096.5	$	(0.7)	(0.1)	%	(4.4)	%	4.6	%	(0.3)	%

Revenues were flat in the first quarter of 2025, primarily reflecting higher sales in our non-residential construction end-market of $19.3 million driven by recent acquisitions, partially offset by lower sales in our residential construction end-market of $15.7 million driven by lower construction activity and unfavorable weather conditions.

Gross Profit


(in millions, except percentages)	Three Months Ended March 31,
		2025			2024			Change		%
Gross profit		$	385.7		$	398.9		$	(13.2)	(3.3)	%
Gross margin		35.2		%	36.4		%

Gross margin decreased in the first quarter of 2025, primarily due to lower sales volume in our CWT segment.

Selling and Administrative Expenses


(in millions, except percentages)	Three Months Ended March 31,
		2025			2024			Change		%
Selling and administrative expenses		$	194.0		$	166.8		$	27.2	16.3	%
As a percentage of revenues		17.7		%	15.2		%

Selling and administrative expenses increased in the first quarter of 2025, primarily due to higher wage and benefit expenses of $10.7 million, amortization expense of $7.2 million, and acquisition costs of $5.3 million, all driven by the acquisitions of MTL, PFB and ThermaFoam.

Research and Development Expenses


(in millions, except percentages)	Three Months Ended March 31,
		2025			2024			Change		%
Research and development expenses		$	10.7		$	9.2		$	1.5	16.3	%
As a percentage of revenues		1.0		%	0.8		%

Research and development expenses increased in the first quarter of 2025, primarily due to higher new product development expenses. The increase in research and development expenses is consistent with a key pillar of Vision 2030 to drive innovation with a commitment to investing in the creation of new products and solutions that add value through advancements in sustainability and energy and labor efficiencies.

Interest Expense


(in millions, except percentages)	Three Months Ended March 31,
		2025		2024		Change		%
Interest expense		$	14.8	$	18.6	$	(3.8)	(20.4)	%

Interest expense decreased in the first quarter of 2025, primarily due to lower long-term debt balances associated with the redemption of $400.0 million of 3.50% notes in December 2024. Refer to Note 10 for further information on our long-term debt.

Interest Income


(in millions, except percentages)	Three Months Ended March 31,
		2025		2024		Change		%
Interest income		$	(6.4)	$	(7.9)	$	1.5	(19.0)	%

Interest income decreased during the first quarter of 2025, primarily due to lower yields.

Income Taxes


(in millions, except percentages)	Three Months Ended March 31,
		2025			2024			Change		%
Provision for income taxes		$	34.9		$	43.9		$	(9.0)	(20.5)	%
Effective tax rate		19.9		%	20.4		%

The provision for income taxes on continuing operations decreased during the first quarter of 2025, primarily due to lower pre-tax income. The year-to-date provision for income taxes included taxes on earnings at an anticipated rate of 23.3% and a tax benefit of $5.8 million from discrete activity primarily related to reduced prior year tax liabilities and excess tax benefits from employee stock compensation.

Segment Results of Operations

Carlisle Construction Materials

This segment produces a complete line of premium energy-efficient single-ply roofing products and warranted roof systems and accessories for the commercial building industry, including ethylene propylene diene monomer ("EPDM"), thermoplastic polyolefin ("TPO") and polyvinyl chloride ("PVC") membrane, polyisocyanurate ("polyiso") insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings.


(in millions, except percentages)	Three Months Ended March 31,										Organic		Acquisition Effect		Exchange Rate Effect
	2025			2024			Change		%
Revenues	$	798.5		$	783.6		$	14.9	1.9	%	(1.4)	%	3.5	%	(0.2)	%
Operating income	$	194.8		$	211.2		$	(16.4)	(7.8)	%
Operating margin	24.4		%	27.0		%
Adjusted EBITDA(1)	$	216.5		$	226.8		$	(10.3)	(4.5)	%
Adjusted EBITDA margin(1)	27.1		%	28.9		%

CCM’s revenue increased in the first quarter of 2025, primarily due to higher sales in the non-residential construction end-market of $16.0 million driven by the acquisition of MTL and positive end-market demand partially offset by the year-over-year impact of negative weather and lower carryover pricing from 2024. CCM’s operating margin and adjusted EBITDA margin decreased in the first quarter of 2025, primarily due to the lower carryover pricing from 2024.

Carlisle Weatherproofing Technologies

This segment produces building envelope solutions that drive energy efficiency and sustainability in commercial and residential applications. Products include high-performance waterproofing and moisture protection products, protective roofing underlayments, fully integrated liquid and sheet applied air/vapor barriers, sealants/primers and flashing systems, roof coatings and mastics, spray polyurethane foam and coating systems for a wide variety of thermal protection applications and other premium polyurethane products, block-molded expanded polystyrene insulation, engineered products for HVAC applications, and premium products for a variety of industrial and surfacing applications.


(in millions, except percentages)	Three Months Ended March 31,										Organic		Acquisition Effect		Exchange Rate Effect
	2025			2024			Change		%
Revenues	$	297.3		$	312.9		$	(15.6)	(5.0)	%	(11.7)	%	7.2	%	(0.5)	%
Operating income	$	16.2		$	42.2		$	(26.0)	(61.6)	%
Operating margin	5.4		%	13.5		%
Adjusted EBITDA(1)	$	46.3		$	64.7		$	(18.4)	(28.4)	%
Adjusted EBITDA margin(1)	15.6		%	20.7		%

CWT’s revenue decrease in the first quarter of 2025 primarily reflected lower sales in the residential construction end-market of $14.6 million, resulting from lower new construction activity and lower retail sales due to the drier-than-normal West Coast winter, partially offset by the acquisitions of PFB and ThermaFoam. CWT’s operating margin and adjusted EBITDA margin decrease in the first quarter of 2025 primarily reflected a decline in volumes.

Liquidity and Capital Resources

We believe that our current cash reserves, available credit facilities, and anticipated operating cash flows are adequate to meet our short-term projected business requirements for at least the next 12 months and our long-term financial requirements, including the repayment of outstanding principal balances on existing notes by their respective maturity dates.

Additional sources of liquidity may be obtained through access to public markets, subject to market conditions. The Company may consider such access for purposes that include the repayment of outstanding debt and the funding of acquisitions. For further details regarding long-term debt, refer to Note 10.

Management retains discretion over the allocation of available cash and may deploy resources toward capital expenditures, acquisitions, strategic investments, dividends, or share repurchases.


	Three Months Ended March 31,
(in millions)	2025		2024
Net cash provided by operating activities	$	1.8	$	163.5
Net cash used in investing activities	(78.9)		(32.0)
Net cash used in financing activities	(456.4)		(166.1)
Effect of foreign currency exchange rate changes on cash and cash equivalents	0.2		(0.7)
Change in cash and cash equivalents	$	(533.3)	$	(35.3)

Operating Activities

Cash provided by operating activities of $1.8 million for the first three months of 2025 decreased by $161.7 million compared to the first three months of 2024, primarily due to lower income from continuing operations of $30.8 million and higher working capital uses of $108.5 million. Working capital usually increases in the first quarter as year-end liabilities are paid and the construction season ramps up. Compared to 2024, working capital uses increased by $29.1 million for accounts receivable due to timing of sales and $28.1 million for accounts payable due to timing of expenses and payments. Working capital uses also increased by $45.7 million for other current liabilities paid in the first quarter related to accrued employee incentive compensation and taxes payable that were higher at December 31, 2024 compared to December 31, 2023.

Investing Activities

Cash used in investing activities of $78.9 million for the first three months of 2025 primarily reflected the purchase of ThermaFoam for $52.9 million and capital expenditures of $29.0 million. Cash used in investing activities of $32.0 million for the first three months of 2024 primarily reflected capital expenditures of $32.5 million.

Financing Activities

Cash used in financing activities of $456.4 million in the first three months of 2025 primarily reflected share repurchases of $400.0 million and cash dividend payments of $45.2 million ($1.00 per share). Cash used in financing activities of $166.1 million in the first three months of 2024 primarily reflected share repurchases of $150.0 million and cash dividend payments of $41.5 million ($0.85 per share), partially offset by net proceeds of $26.3 million from the exercise of stock options.

Non-GAAP Financial Measures

EBIT, Adjusted EBIT, Adjusted EBITDA and Adjusted EBITDA Margin

Earnings before interest and taxes ("EBIT"), adjusted EBIT, adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") and adjusted EBITDA margin are intended to provide investors and others with information about our performance and our segments' performance without the effect of items that, by their nature, tend to obscure core operating results due to potential variability across periods based on the timing, frequency and magnitude of such items. As a result, management believes that these measures enhance the ability of investors to analyze trends in our business and evaluate our performance relative to similarly-situated companies. This information differs from net income, operating income, and operating margin determined in accordance with GAAP and should not be considered in isolation or as a substitute for measures of performance determined in accordance with GAAP. Our and our segments' EBIT, adjusted EBIT, adjusted EBITDA and adjusted EBITDA margin follows. These non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies.


	Three Months Ended March 31,
(in millions, except percentages)		2025			2024
Net income (GAAP)		$	143.3		$	192.3
Less: Income from discontinued operations		3.2			21.4
Income from continuing operations (GAAP)		140.1			170.9
Provision for income taxes		34.9			43.9
Interest expense		14.8			18.6
Interest income		(6.4)			(7.9)
EBIT		183.4			225.5
Plus (gains) / losses and costs related to:
Acquisitions		6.8			0.6
Dispositions		0.1			—
Restructuring		0.1			0.5


Legal settlements		0.2			—

Total non-comparable items		7.2			1.1
Adjusted EBIT		190.6			226.6
Depreciation		17.7			16.5
Amortization		30.1			22.4
Adjusted EBITDA		$	238.4		$	265.5
Divided by:
Total revenues		$	1,095.8		$	1,096.5
Adjusted EBITDA margin		21.8		%	24.2		%


	Three Months Ended March 31, 2025
(in millions, except percentages)	CCM			CWT			Corporate and unallocated
Operating income (loss) (GAAP)	$	194.8		$	16.2		$	(27.4)
Non-operating expense (income), net	(0.1)			—			0.3
EBIT	194.9			16.2			(27.7)
Plus (gains) / losses and costs related to:
Acquisitions	—			4.4			2.4
Dispositions	—			0.1			—
Restructuring	—			0.1			—


Legal settlements	—			0.2			—

Total non-comparable items	—			4.8			2.4
Adjusted EBIT	194.9			21.0			(25.3)
Depreciation	12.6			4.7			0.4
Amortization	9.0			20.6			0.5
Adjusted EBITDA	$	216.5		$	46.3		$	(24.4)
Divided by:
Total revenues	$	798.5		$	297.3		$	—
Adjusted EBITDA margin	27.1		%	15.6		%	NM


	Three Months Ended March 31, 2024
(in millions, except percentages)	CCM			CWT			Corporate and unallocated
Operating income (loss) (GAAP)	$	211.2		$	42.2		$	(28.2)
Non-operating expense (income), net	0.4			—			(0.7)
EBIT	210.8			42.2			(27.5)
Plus (gains) / losses and costs related to:
Acquisitions	—			—			0.6
Dispositions	(0.1)			0.1			—
Restructuring	—			0.5			—




Total non-comparable items	(0.1)			0.6			0.6
Adjusted EBIT	210.7			42.8			(26.9)
Depreciation	12.0			4.1			0.4
Amortization	4.1			17.8			0.5
Adjusted EBITDA	$	226.8		$	64.7		$	(26.0)
Divided by:
Total revenues	$	783.6		$	312.9		$	—
Adjusted EBITDA margin	28.9		%	20.7		%	NM

Forward-Looking Statements

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as "expect," "foresee," "anticipate," "believe," "project," "should," "estimate," "will," "plans," "intends," "forecast," and similar expressions, and reflect our expectations concerning the future. Such statements are made based on known events and circumstances at the time of publication and, as such, are subject in the future to unforeseen risks and uncertainties. It is possible that our future performance may differ materially from current expectations expressed in these forward-looking statements, due to a variety of factors such as: increasing price and product/service competition by foreign and domestic competitors, including new entrants; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; our mix of products/services; increases in raw material costs that cannot be recovered in product pricing; domestic and foreign governmental and public policy changes including environmental and industry regulations; the ability of our customers to maintain appropriate labor levels under U.S. immigration laws, policies and practices; the ability to meet our goals relating to our intended reduction of greenhouse gas emissions, including our net zero commitments; threats associated with and efforts to combat terrorism; protection and validity of patent and other intellectual property rights; the identification of strategic acquisition targets and our successful completion of any transaction and integration of our strategic acquisitions; our successful completion of strategic dispositions; the cyclical nature of our businesses; the impact of information technology, cybersecurity, artificial intelligence or data security breaches at our businesses or third parties; the outcome of pending and future litigation and governmental proceedings; the emergence or continuation of widespread health emergencies, including, for example, expectations regarding their impact on our businesses, including on customer demand, supply chains and distribution systems, production, our ability to maintain appropriate labor levels, our ability to ship products to our customers, our future results, or our full-year financial outlook; and the other factors discussed in the reports we file with or furnish to the Securities and Exchange Commission from time to time. In addition, such statements could be affected by general industry and market conditions and growth rates, the condition of the financial and credit markets and general domestic and international economic conditions, including inflation and interest rate and currency exchange rate fluctuations. Further, any conflict in the international arena, including the Russian invasion of Ukraine and war in the Middle East, may adversely affect general market conditions and our future performance. Any forward-looking statement speaks only as of the date on which that statement is made, and we undertake no duty to update any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which that statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of those factors, nor can it assess the impact of each of those factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

Item 3. Quantitative and Qualitative Disclosure about Market Risk

There have been no material changes in the Company’s market risk for the three months ended March 31, 2025. For additional information, refer to "PART II—Item 7A. Quantitative and Qualitative Disclosures About Market Risk" of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 ("2024 Annual Report on Form10-K").

Item 4. Controls and Procedures

a.Evaluation of disclosure controls and procedures. Under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, the Company carried out an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Rule 13a-15 under the Securities Exchange Act of 1934, as amended. Based upon that evaluation and as of March 31, 2025, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective.

b.Changes in internal controls. During the first quarter of 2025, there were no changes in the Company's internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II—Other Information

Item 1. Legal Proceedings

The Company is a party to certain lawsuits in the ordinary course of business. Information about legal proceedings is included in Note 11.

Item 1A. Risk Factors

There have been no material changes in the Company's risk factors disclosed in "PART I—Item 1A. Risk Factors" in our 2024 Annual Report on Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table summarizes the repurchase of common stock during the three months ended March 31, 2025:


(in millions, except per share amounts)	Total Number of Shares Purchased(1)	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(2)
January	—	$	—	—	3.5
February	0.5	347.39		0.5	3.0
March	0.7	338.04		0.7	2.3
Total	1.2			1.2

(1)The Company may also reacquire shares outside of the repurchase program from time to time in connection with the forfeiture of shares in satisfaction of tax withholding obligations from the vesting of share-based compensation. During the three months ended March 31, 2025, there were less than 0.1 million shares reacquired in transactions outside of the share repurchase program.

(2)Represents the remaining total number of shares that can be repurchased under the Company’s share repurchase program. On August 3, 2023, the Company's Board of Directors approved a 7.5 million share increase in the Company's share repurchase program. The share repurchase program has no expiration date, does not obligate the Company to purchase any specified amount of shares and remains subject to the discretion of the Board of Directors.

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None of the Company's directors or officers adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company's fiscal quarter ended March 31, 2025.

Item 6. Exhibits

Exhibit

Number

Filed with this Form 10-Q

Incorporated by Reference

Exhibit Title

Form

Date Filed

31.1

Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a).

31.2

Certification of Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a).

32.1

Section 1350 Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS

Inline XBRL Instance.

101.SCH

Inline XBRL Taxonomy Extension Schema.

101.CAL

Inline XBRL Taxonomy Extension Calculation.

101.LAB

Inline XBRL Taxonomy Extension Labels.

101.PRE

Inline XBRL Taxonomy Extension Presentation.

101.DEF

Inline XBRL Taxonomy Extension Definition.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


		CARLISLE COMPANIES INCORPORATED

Date:	April 24, 2025	By:	/s/ Kevin P. Zdimal
			Kevin P. Zdimal
			Vice President and Chief Financial Officer

Exhibit 31.1

Rule 13a-14(a)/15d-14(a) Certifications

I, D. Christian Koch, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Carlisle Companies Incorporated;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date:	April 24, 2025	By:	/s/ D. Christian Koch
			D. Christian Koch
			Chair, President and Chief Executive Officer

Exhibit 31.2

Rule 13a-14(a)/15d-14(a) Certifications

I, Kevin P. Zdimal, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Carlisle Companies Incorporated;

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date:	April 24, 2025	By:	/s/ Kevin P. Zdimal
			Kevin P. Zdimal
			Vice President and Chief Financial Officer

Exhibit 32.1

Section 1350 Certification

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), each of the undersigned officers of Carlisle Companies Incorporated, a Delaware corporation (the “Company”), does hereby certify that:

The Quarterly Report on Form 10-Q for the period ended March 31, 2025 (the “Form 10-Q”) of the Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.


Date:	April 24, 2025	By:	/s/ D. Christian Koch
			D. Christian Koch
			Chair, President and Chief Executive Officer

Date:	April 24, 2025	By:	/s/ Kevin P. Zdimal
			Kevin P. Zdimal
			Vice President and Chief Financial Officer

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2025	Apr. 17, 2025
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2025
Document Transition Report	false
Entity File Number	1-9278
Entity Registrant Name	CARLISLE COMPANIES INCORPORATED
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	31-1168055
Entity Address, Address Line One	16430 North Scottsdale Road
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85254
City Area Code	(480)
Local Phone Number	781-5000
Title of 12(b) Security	Common stock, $1 par value
Trading Symbol	CSL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		43,253,572
Entity Central Index Key	0000790051
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Revenues	$ 1,095.8	$ 1,096.5
Cost of goods sold	710.1	697.6
Selling and administrative expenses	194.0	166.8
Research and development expenses	10.7	9.2
Other operating expense (income), net	(2.6)	(2.3)
Operating income	183.6	225.2
Interest expense	14.8	18.6
Interest income	(6.4)	(7.9)
Other non-operating expense (income), net	0.2	(0.3)
Income from continuing operations before income taxes	175.0	214.8
Provision for income taxes	34.9	43.9
Income from continuing operations	140.1	170.9
Income from discontinued operations	3.2	21.4
Net income	$ 143.3	$ 192.3
Basic earnings per share attributable to common shares:
Income from continuing operations (in dollars per share)	$ 3.16	$ 3.57
(Loss) income from discontinued operations (in dollars per share)	0.07	0.45
Basic earnings per share (in dollars per share)	3.23	4.02
Diluted earnings per share attributable to common shares:
Income from continuing operations (in dollars per share)	3.13	3.52
(Loss) income from discontinued operations (in dollars per share)	0.07	0.45
Diluted earnings per share (in dollars per share)	$ 3.20	$ 3.97
Average shares outstanding:
Basic (in shares)	44.3	47.8
Diluted (in shares)	44.7	48.4
Comprehensive income:
Net income	$ 143.3	$ 192.3
Other comprehensive income (loss):
Foreign currency gains (losses)	8.0	(9.7)
Other, net of tax	0.3	1.5
Other comprehensive income (loss)	8.3	(8.2)
Comprehensive income	$ 151.6	$ 184.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions

Mar. 31, 2025

Dec. 31, 2024

ASSETS

Cash and cash equivalents

$ 220.2

$ 753.5

Receivables, net of allowance for credit losses of $5.3 and $4.7

699.4

579.7

Inventories

529.6

472.7

Other current assets

82.4

120.4

Total current assets

1,531.6

1,926.3

Property, plant, and equipment, net of accumulated depreciation of $720.7 and $702.5

738.3

711.8

Goodwill

1,490.1

1,478.0

Other intangible assets, net of accumulated amortization of $576.2 and $543.5

1,496.0

1,504.9

Other long-term assets

194.9

195.6

Total assets

5,450.9

5,816.6

LIABILITIES AND EQUITY

Accounts payable

313.5

261.1

Other current liabilities

279.6

404.7

Total current liabilities

593.1

665.8

Long-term debt

1,890.5

1,887.4

Contract liabilities

326.0

322.2

Deferred taxes

230.6

228.2

Other long-term liabilities

244.2

249.7

Common stock

^[1],[2]

78.7

Additional paid-in capital

586.5

589.0

Treasury stock

^[3]

(5,268.0)

(4,867.4)

Accumulated other comprehensive loss

(101.8)

(110.1)

Retained earnings

6,871.1

6,773.1

Total liabilities and equity

$ 5,450.9

$ 5,816.6

[1]	Common Stock: $1 par value; 200.0 shares authorized; 43.3 and 44.4 shares outstanding, respectively
[2]	Preferred Stock: $1 par value; 5.0 shares authorized; no shares were issued or outstanding during any period presented
[3]	Treasury Stock: at cost; 35.3 and 34.2 shares, respectively

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Receivables allowance	$ 5.3	$ 4.7
Property, plant, and equipment, net of accumulated depreciation	720.7	702.5
Other intangible assets, accumulated amortization	$ 576.2	$ 543.5
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized shares (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized shares (in shares)	200,000,000	200,000,000
Common stock, shares outstanding (in shares)	43,300,000	44,400,000
Treasury, shares (in shares)	35,300,000	34,200,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating activities:
Net income	$ 143.3	$ 192.3
Reconciliation of net income to net cash provided by operating activities:
Depreciation	17.7	16.6
Amortization	30.1	22.3
Stock-based compensation	10.7	12.0
Deferred taxes	(0.5)	(0.1)
Other operating activities	8.6	9.3
Changes in assets and liabilities, excluding effects of acquisitions:
Receivables	(116.3)	(87.2)
Inventories	(54.6)	(52.8)
Other current assets	7.5	11.3
Accounts payable	50.3	78.4
Other current liabilities	(86.8)	(41.1)
Other long-term liabilities	(8.2)	2.5
Net cash provided by operating activities	1.8	163.5
Investing activities:
Acquisitions, net of cash acquired	(49.9)	0.0
Capital expenditures	(29.0)	(32.5)
Other investing activities	0.0	0.5
Net cash used in investing activities	(78.9)	(32.0)
Financing activities:
Repurchases of common stock	(400.0)	(150.0)
Dividends paid	(45.2)	(41.5)
Proceeds from exercise of stock options	2.7	42.5
Withholding tax paid related to stock-based compensation	(12.9)	(16.2)
Other financing activities	(1.0)	(0.9)
Net cash used in financing activities	(456.4)	(166.1)
Effect of foreign currency exchange rate changes on cash and cash equivalents	0.2	(0.7)
Change in cash and cash equivalents	(533.3)	(35.3)
Less: change in cash and cash equivalents of discontinued operations	0.0	(11.2)
Cash and cash equivalents at beginning of period	753.5	576.7
Cash and cash equivalents at end of period	$ 220.2	$ 552.6

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions

Total

Common Stock

Additional Paid-In Capital

Accumulated Other Comprehensive Loss

Retained Earnings

Treasury Stock

Balance at beginning (in shares) at Dec. 31, 2023

47.7

Balance at the beginning of the period at Dec. 31, 2023

$ 2,829.0

$ 78.7

$ 553.8

$ (111.1)

$ 5,634.0

$ (3,326.4)

Balance at beginning (in shares) at Dec. 31, 2023

30.9

Increase (Decrease) in Shareholders' Equity

Net income

192.3

Other comprehensive income (loss)

(8.2)

Dividends

(41.5)

Repurchases of common stock (in shares)

^[1]

0.5

Repurchases of common stock

^[1]

(150.5)

$ (150.5)

Stock based compensation (in shares)

^[2]

0.4

(0.4)

Stock based compensation

^[2]

38.2

9.0

$ 29.2

Balance at ending (in shares) at Mar. 31, 2024

47.6

Balance at the end of the period at Mar. 31, 2024

$ 2,859.3

$ 78.7

562.8

(119.3)

5,784.8

$ (3,447.7)

Balance at ending (in shares) at Mar. 31, 2024

31.0

Balance at beginning (in shares) at Dec. 31, 2024

44.4

Balance at the beginning of the period at Dec. 31, 2024

$ 2,463.3

$ 78.7

589.0

(110.1)

6,773.1

$ (4,867.4)

Balance at beginning (in shares) at Dec. 31, 2024

34.2

Increase (Decrease) in Shareholders' Equity

Net income

$ 143.3

143.3

Other comprehensive income (loss)

8.3

Dividends

(45.3)

Repurchases of common stock (in shares)

^[1]

1.2

Repurchases of common stock

^[1]

(403.7)

$ (403.7)

Stock based compensation (in shares)

^[2]

0.1

(0.1)

Stock based compensation

^[2]

$ 0.6

(2.5)

$ 3.1

Balance at ending (in shares) at Mar. 31, 2025

43.3

Balance at the end of the period at Mar. 31, 2025

$ 2,166.5

$ 78.7

$ 586.5

$ (101.8)

$ 6,871.1

$ (5,268.0)

Balance at ending (in shares) at Mar. 31, 2025

35.3

[1]	Repurchases of common stock includes excise taxes on share repurchases.
[2]	(2)Stock-based compensation includes stock options exercised net of tax, restricted and performance shares vested, and shares issued and deferred associated with deferred compensation.

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 1	$ 0.85

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These unaudited Condensed Consolidated Financial Statements include the accounts of Carlisle Companies Incorporated and its wholly owned subsidiaries (collectively "Carlisle" or the "Company"). These unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP"), but they do not include all information required for complete financial statements. As such, they should be read in conjunction with the Company’s audited Consolidated Financial Statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2024. In the opinion of the Company's management, these unaudited Condensed Consolidated Financial Statements contain all normal and recurring adjustments necessary to fairly state the financial results of the interim periods presented. Certain prior period amounts have been reclassified to conform to the current period's presentation. New Accounting Pronouncements The Company does not expect any recently issued accounting pronouncements to materially affect its financial position or results of operations.

Segment Information

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Information

The Company has two reportable segments:

A summary of financial information by reportable segment follows:


	Three Months Ended March 31, 2025
(in millions)	CCM		CWT		Total
Revenue	$	798.5	$	297.3	$	1,095.8

Cost of goods sold	500.9		209.2		710.1
Selling and administrative expenses	95.0		68.7		163.7
Research and development expenses	8.1		2.6		10.7
Other operating expense (income), net(1)	(0.3)		0.6		0.3
Segment operating income	194.8		16.2		211.0



Corporate and unallocated operating expense					27.4
Interest expense					14.8
Interest income					(6.4)
Other non-operating expense (income), net					0.2
Income from continuing operations before income taxes					$	175.0

(1)Primarily related to legal settlements and asset retirement obligations.


	Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total
Revenue	$	783.6	$	312.9	$	1,096.5

Cost of goods sold	488.5		208.1		696.6
Selling and administrative expenses	77.3		60.0		137.3
Research and development expenses	6.7		2.5		9.2
Other operating expense (income), net(1)	(0.1)		0.1		—
Segment operating income	211.2		42.2		253.4



Corporate and unallocated operating expense					28.2
Interest expense					18.6
Interest income					(7.9)
Other non-operating expense (income), net					(0.3)
Income from continuing operations before income taxes					$	214.8

(1)Primarily related to lease terminations and asset retirement obligations.

Other financial information by reportable segment follows:


	Three Months Ended March 31,
	2025				2024
(in millions)	Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures
Carlisle Construction Materials	$	21.6	$	18.4	$	16.1	$	16.9
Carlisle Weatherproofing Technologies	25.3		10.6		21.9		7.1
Segment total	46.9		29.0		38.0		24.0
Corporate and unallocated	0.9		—		0.9		—
Total	$	47.8	$	29.0	$	38.9	$	24.0

The Company does not report total assets by segment as this is not a metric used by the CODM to allocate resources or evaluate segment performance.

Acquisitions

3 Months Ended

Mar. 31, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Acquisitions

2025 Acquisition

ThermaFoam


	Preliminary Allocation
(in millions)	As of 2/3/2025
Total cash consideration transferred	$	52.9
Recognized amounts of identifiable assets acquired and liabilities assumed:

Receivables, net	2.7
Inventories	1.4
Other current assets	0.1
Property, plant and equipment	8.8
Other intangible assets	6.7

Accounts payable	(0.9)
Other current liabilities	(0.6)


Total identifiable net assets	18.2
Goodwill	$	34.7

The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:


(in millions)	Fair Value		Weighted Average Useful Life (in years)
Customer relationships	$	6.5	9
Other intangibles	0.2		5
Total	$	6.7

2024 Acquisitions

PFB Holdco


	Preliminary Allocation		Measurement Period Adjustments		Preliminary Allocation
(in millions)	As of 12/18/2024				As of 3/31/2025
Total cash consideration transferred	$	268.9	$	(3.0)	$	265.9
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	6.4		—		6.4
Receivables, net	9.6		—		9.6
Inventories	14.5		—		14.5
Other current assets	6.6		—		6.6
Property, plant and equipment	31.7		—		31.7
Other intangible assets	112.8		11.5		124.3
Other long-term assets	46.1		—		46.1
Accounts payable	(4.6)		—		(4.6)
Other current liabilities	(27.8)		13.0		(14.8)
Deferred taxes	(27.9)		(1.8)		(29.7)
Other long-term liabilities	(43.5)		—		(43.5)
Total identifiable net assets	123.9		22.7		146.6
Goodwill	$	145.0	$	(25.7)	$	119.3

The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:


(in millions)	Fair Value		Weighted Average Useful Life (in years)
Customer relationships	$	81.5	11
Trade names	15.0		15
Technologies	27.8		11

Total	$	124.3

MTL Holdings


	Preliminary Allocation		Measurement Period Adjustments		Preliminary Allocation
(in millions)	As of 5/1/2024				As of 3/31/2025
Total cash consideration transferred	$	423.1	$	1.5	$	424.6
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	10.3		—		10.3
Receivables, net	14.0		—		14.0
Inventories	17.2		—		17.2
Other current assets	0.9		—		0.9
Property, plant and equipment	10.7		(0.3)		10.4
Other intangible assets	248.3		—		248.3
Other long-term assets	8.1		0.3		8.4
Accounts payable	(5.9)		—		(5.9)
Other current liabilities	(6.1)		—		(6.1)
Deferred taxes	(6.9)		—		(6.9)
Other long-term liabilities	(6.7)		(0.9)		(7.6)
Total identifiable net assets	283.9		(0.9)		283.0
Goodwill	$	139.2	$	2.4	$	141.6

Discontinued Operations

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows:


	Three Months Ended March 31, 2025
	CIT		Other		Total










(Loss) income from discontinued operations before income taxes(1)	(0.3)		2.6		2.3
(Benefit from) provision for from income taxes	(1.1)		0.2		(0.9)
Income from discontinued operations	$	0.8	$	2.4	$	3.2

(1)Related to other non-operating income and expenses


	Three Months Ended March 31, 2024
	CIT		Other		Total
Revenues	$	213.4	$	—	$	213.4

Cost of goods sold	153.8		—		153.8

Other operating expense (income), net	22.5		—		22.5
Operating income	37.1		—		37.1
Other non-operating expense (income), net	(0.2)		7.6		7.4
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale	37.3		(7.6)		29.7
Loss on sale of discontinued operations	—		0.2		0.2
Pre-close transaction expenses(1)	7.6		—		7.6
Income (loss) from discontinued operations before income taxes	29.7		(7.8)		21.9
Provision for (benefit from) income taxes	3.4		(2.9)		0.5
Income (loss) from discontinued operations	$	26.3	$	(4.9)	$	21.4

A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows:



	Three Months Ended March 31, 2025
(in millions)	CIT		Other		Total
Net cash provided by operating activities	$	0.8	$	2.4	$	3.2
Net cash provided by investing activities	—		—		—
Net cash used in financing activities(1)	(0.8)		(2.4)		(3.2)
Change in cash and cash equivalents from discontinued operations	—		—		—
Cash and cash equivalents from discontinued operations at beginning of period	—		—		—
Cash and cash equivalents from discontinued operations at end of period	$	—	$	—	$	—


	Three Months Ended March 31, 2024
(in millions)	CIT		Other		Total
Net cash provided by (used in) operating activities	$	12.4	$	(4.9)	$	7.5
Net cash used in investing activities	(8.3)		—		(8.3)
Net cash (used in) provided by financing activities(1)	(15.3)		4.9		(10.4)
Change in cash and cash equivalents from discontinued operations	(11.2)		—		(11.2)
Cash and cash equivalents from discontinued operations at beginning of period	28.8		—		28.8
Cash and cash equivalents from discontinued operations at end of period	$	17.6	$	—	$	17.6

(1)Represents (repayments) or borrowings from the Carlisle cash pool to fund working capital and capital expenditures and return of capital upon sale.

Earnings Per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Earnings Per Share

Income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method follows:


		Three Months Ended March 31,
(in millions, except per share amounts and percentages)			2025			2024
Income from continuing operations			$	140.1		$	170.9
Less: dividends declared			45.3			41.5
Undistributed earnings			94.8			129.4
Percent allocated to common stockholders(1)			99.8		%	99.8		%
Undistributed earnings allocated to common stockholders			94.6			129.1
Add: dividends declared to common shares, restricted stock units and vested and deferred restricted and performance shares			45.2			41.4
Income from continuing operations attributable to common stockholders			$	139.8		$	170.5

Shares:
Basic weighted-average shares outstanding			44.3			47.8
Effect of dilutive securities:
Performance awards			0.1			0.2
Stock options			0.3			0.4
Diluted weighted-average shares outstanding			44.7			48.4

Per share income from continuing operations attributable to common shares:
Basic			$	3.16		$	3.57
Diluted			$	3.13		$	3.52

(1)	Basic weighted-average shares outstanding		44.3			47.8
	Basic weighted-average shares outstanding and unvested restricted shares expected to vest		44.4			47.9
	Percent allocated to common stockholders		99.8		%	99.8		%

To calculate earnings per share for income from discontinued operations and for net income, the denominator for both basic and diluted earnings per share is the same as used in the above table.


	Three Months Ended March 31,
(in millions)		2025		2024
Income from discontinued operations attributable to common stockholders for basic and diluted earnings per share		$	3.2	$	21.4
Net income attributable to common stockholders for basic and diluted earnings per share		143.0		191.9
Anti-dilutive stock options excluded from earnings per share calculation(1)		0.2		0.1

Revenues

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenues

Revenues by End-Market

A summary of revenues disaggregated by end-market follows:


	Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total		CCM		CWT		Total

Non-residential construction	$	734.8	$	138.1	$	872.9	$	718.8	$	134.8	$	853.6
Residential construction	63.7		130.4		194.1		64.8		145.0		209.8





Other	—		28.8		28.8		—		33.1		33.1
Total revenues	$	798.5	$	297.3	$	1,095.8	$	783.6	$	312.9	$	1,096.5

Revenues by Geographic Area

A summary of revenues based on the region to which the product was delivered follows:


	Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total		CCM		CWT		Total
United States	$	710.5	$	255.4	$	965.9	$	703.8	$	278.7	$	982.5
International:
Europe	59.8		4.7		64.5		56.0		5.3		61.3
North America (excluding U.S.)	22.5		32.9		55.4		17.9		24.8		42.7


Other	5.7		4.3		10.0		5.9		4.1		10.0
Total international	88.0		41.9		129.9		79.8		34.2		114.0
Total revenues	$	798.5	$	297.3	$	1,095.8	$	783.6	$	312.9	$	1,096.5

Contract Liabilities


(in millions)	2025		2024
Balance as of January 1	$	350.5	$	324.0
Revenue deferred	11.5		12.2
Revenue recognized	(7.4)		(6.9)

Balance as of March 31	$	354.6	$	329.3

A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of March 31, 2025, follows:


(in millions)	Remainder of 2025		2026		2027		2028		2029		2030		Thereafter
Extended service warranties	$	22.0	$	28.3	$	27.2	$	26.2	$	25.2	$	24.4	$	201.3

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate on continuing operations for the three months ended March 31, 2025, was 19.9%. The year-to-date provision for income taxes included taxes on earnings at an anticipated rate of 23.3% and a tax benefit of $5.8 million from discrete activity primarily related to reduced prior year tax liabilities and excess tax benefits from employee stock compensation. The effective income tax rate on continuing operations for the three months ended March 31, 2024, was 20.4%.

Inventories

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Inventories

A summary of the Company's inventories follows:


(in millions)	March 31, 2025		December 31, 2024
Raw materials	$	173.1	$	157.0
Work-in-process	26.3		26.1
Finished goods	341.1		299.8
Reserves	(10.9)		(10.2)
Inventories	$	529.6	$	472.7

Other Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

A summary of the Company's other intangible assets follows:


	March 31, 2025						December 31, 2024
(in millions)	Acquired Cost		Accumulated Amortization		Net Book Value		Acquired Cost		Accumulated Amortization		Net Book Value

Customer relationships	$	1,471.4	$	(406.3)	$	1,065.1	$	1,456.0	$	(380.5)	$	1,075.5
Indefinite lived trade names	252.6		—		252.6		252.0		—		252.0
Technology	191.4		(106.7)		84.7		185.6		(103.4)		82.2
Definite-lived trade names	117.1		(38.5)		78.6		117.0		(37.0)		80.0

Other	39.7		(24.7)		15.0		37.8		(22.6)		15.2
Other intangible assets	$	2,072.2	$	(576.2)	$	1,496.0	$	2,048.4	$	(543.5)	$	1,504.9

Long-term Debt

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Long-term Debt

A summary of the Company's long-term debt follows:


(in millions)					Fair Value(1)
	March 31, 2025		December 31, 2024		March 31, 2025		December 31, 2024
2.20% Notes due 2032	$	550.0	$	550.0	$	457.3	$	448.7
2.75% Notes due 2030	750.0		750.0		680.2		672.2
3.75% Notes due 2027	600.0		600.0		586.2		584.1

Unamortized discount, debt issuance costs and other	(5.6)		(9.4)
Total debt	1,894.4		1,890.6
Less: current portion of debt	3.9		3.2
Long term-debt	$	1,890.5	$	1,887.4

Revolving Credit Facility

Covenants and Limitations

Letters of Credit and Guarantees

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation As of March 31, 2025, there were no material developments in the legal proceedings included in Note 16 to the audited Consolidated Financial Statements in the 2024 Form 10-K, and there were no new material legal proceedings during the three months ended March 31, 2025.

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2025	Mar. 31, 2024
Pay vs Performance Disclosure
Net income (loss)	$ 143.3	$ 192.3

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These unaudited Condensed Consolidated Financial Statements include the accounts of Carlisle Companies Incorporated and its wholly owned subsidiaries (collectively "Carlisle" or the "Company"). These unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP"), but they do not include all information required for complete financial statements. As such, they should be read in conjunction with the Company’s audited Consolidated Financial Statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2024. In the opinion of the Company's management, these unaudited Condensed Consolidated Financial Statements contain all normal and recurring adjustments necessary to fairly state the financial results of the interim periods presented. Certain prior period amounts have been reclassified to conform to the current period's presentation.
New Accounting Pronouncements	New Accounting Pronouncements The Company does not expect any recently issued accounting pronouncements to materially affect its financial position or results of operations.

Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Summary of Financial Information, Including Significant Expenses, by Reportable Segment

A summary of financial information by reportable segment follows:


	Three Months Ended March 31, 2025
(in millions)	CCM		CWT		Total
Revenue	$	798.5	$	297.3	$	1,095.8

Cost of goods sold	500.9		209.2		710.1
Selling and administrative expenses	95.0		68.7		163.7
Research and development expenses	8.1		2.6		10.7
Other operating expense (income), net(1)	(0.3)		0.6		0.3
Segment operating income	194.8		16.2		211.0



Corporate and unallocated operating expense					27.4
Interest expense					14.8
Interest income					(6.4)
Other non-operating expense (income), net					0.2
Income from continuing operations before income taxes					$	175.0

(1)Primarily related to legal settlements and asset retirement obligations.


	Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total
Revenue	$	783.6	$	312.9	$	1,096.5

Cost of goods sold	488.5		208.1		696.6
Selling and administrative expenses	77.3		60.0		137.3
Research and development expenses	6.7		2.5		9.2
Other operating expense (income), net(1)	(0.1)		0.1		—
Segment operating income	211.2		42.2		253.4



Corporate and unallocated operating expense					28.2
Interest expense					18.6
Interest income					(7.9)
Other non-operating expense (income), net					(0.3)
Income from continuing operations before income taxes					$	214.8

(1)Primarily related to lease terminations and asset retirement obligations.

Other financial information by reportable segment follows:


	Three Months Ended March 31,
	2025				2024
(in millions)	Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures
Carlisle Construction Materials	$	21.6	$	18.4	$	16.1	$	16.9
Carlisle Weatherproofing Technologies	25.3		10.6		21.9		7.1
Segment total	46.9		29.0		38.0		24.0
Corporate and unallocated	0.9		—		0.9		—
Total	$	47.8	$	29.0	$	38.9	$	24.0

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2025

Therma Foam

Acquisitions

Summary of Consideration Transferred and Allocation of the Consideration to Acquired Assets and Assumed Liabilities


	Preliminary Allocation
(in millions)	As of 2/3/2025
Total cash consideration transferred	$	52.9
Recognized amounts of identifiable assets acquired and liabilities assumed:

Receivables, net	2.7
Inventories	1.4
Other current assets	0.1
Property, plant and equipment	8.8
Other intangible assets	6.7

Accounts payable	(0.9)
Other current liabilities	(0.6)


Total identifiable net assets	18.2
Goodwill	$	34.7

Summary of Acquired Definite-Lived Intangible Assets

The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:


(in millions)	Fair Value		Weighted Average Useful Life (in years)
Customer relationships	$	6.5	9
Other intangibles	0.2		5
Total	$	6.7

PFB Holdco, Inc

Acquisitions

Summary of Consideration Transferred and Allocation of the Consideration to Acquired Assets and Assumed Liabilities

he following table summarizes the consideration transferred to acquire PFB and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation for all acquired assets and liabilities.


	Preliminary Allocation		Measurement Period Adjustments		Preliminary Allocation
(in millions)	As of 12/18/2024				As of 3/31/2025
Total cash consideration transferred	$	268.9	$	(3.0)	$	265.9
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	6.4		—		6.4
Receivables, net	9.6		—		9.6
Inventories	14.5		—		14.5
Other current assets	6.6		—		6.6
Property, plant and equipment	31.7		—		31.7
Other intangible assets	112.8		11.5		124.3
Other long-term assets	46.1		—		46.1
Accounts payable	(4.6)		—		(4.6)
Other current liabilities	(27.8)		13.0		(14.8)
Deferred taxes	(27.9)		(1.8)		(29.7)
Other long-term liabilities	(43.5)		—		(43.5)
Total identifiable net assets	123.9		22.7		146.6
Goodwill	$	145.0	$	(25.7)	$	119.3

Summary of Acquired Definite-Lived Intangible Assets

The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:


(in millions)	Fair Value		Weighted Average Useful Life (in years)
Customer relationships	$	81.5	11
Trade names	15.0		15
Technologies	27.8		11

Total	$	124.3

MTL Holdings LLC

Acquisitions

Summary of Consideration Transferred and Allocation of the Consideration to Acquired Assets and Assumed Liabilities


	Preliminary Allocation		Measurement Period Adjustments		Preliminary Allocation
(in millions)	As of 5/1/2024				As of 3/31/2025
Total cash consideration transferred	$	423.1	$	1.5	$	424.6
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	10.3		—		10.3
Receivables, net	14.0		—		14.0
Inventories	17.2		—		17.2
Other current assets	0.9		—		0.9
Property, plant and equipment	10.7		(0.3)		10.4
Other intangible assets	248.3		—		248.3
Other long-term assets	8.1		0.3		8.4
Accounts payable	(5.9)		—		(5.9)
Other current liabilities	(6.1)		—		(6.1)
Deferred taxes	(6.9)		—		(6.9)
Other long-term liabilities	(6.7)		(0.9)		(7.6)
Total identifiable net assets	283.9		(0.9)		283.0
Goodwill	$	139.2	$	2.4	$	141.6

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Summary Activity of Discontinued Operations

A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows:


	Three Months Ended March 31, 2025
	CIT		Other		Total










(Loss) income from discontinued operations before income taxes(1)	(0.3)		2.6		2.3
(Benefit from) provision for from income taxes	(1.1)		0.2		(0.9)
Income from discontinued operations	$	0.8	$	2.4	$	3.2

(1)Related to other non-operating income and expenses


	Three Months Ended March 31, 2024
	CIT		Other		Total
Revenues	$	213.4	$	—	$	213.4

Cost of goods sold	153.8		—		153.8

Other operating expense (income), net	22.5		—		22.5
Operating income	37.1		—		37.1
Other non-operating expense (income), net	(0.2)		7.6		7.4
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale	37.3		(7.6)		29.7
Loss on sale of discontinued operations	—		0.2		0.2
Pre-close transaction expenses(1)	7.6		—		7.6
Income (loss) from discontinued operations before income taxes	29.7		(7.8)		21.9
Provision for (benefit from) income taxes	3.4		(2.9)		0.5
Income (loss) from discontinued operations	$	26.3	$	(4.9)	$	21.4

A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows:



	Three Months Ended March 31, 2025
(in millions)	CIT		Other		Total
Net cash provided by operating activities	$	0.8	$	2.4	$	3.2
Net cash provided by investing activities	—		—		—
Net cash used in financing activities(1)	(0.8)		(2.4)		(3.2)
Change in cash and cash equivalents from discontinued operations	—		—		—
Cash and cash equivalents from discontinued operations at beginning of period	—		—		—
Cash and cash equivalents from discontinued operations at end of period	$	—	$	—	$	—


	Three Months Ended March 31, 2024
(in millions)	CIT		Other		Total
Net cash provided by (used in) operating activities	$	12.4	$	(4.9)	$	7.5
Net cash used in investing activities	(8.3)		—		(8.3)
Net cash (used in) provided by financing activities(1)	(15.3)		4.9		(10.4)
Change in cash and cash equivalents from discontinued operations	(11.2)		—		(11.2)
Cash and cash equivalents from discontinued operations at beginning of period	28.8		—		28.8
Cash and cash equivalents from discontinued operations at end of period	$	17.6	$	—	$	17.6

(1)Represents (repayments) or borrowings from the Carlisle cash pool to fund working capital and capital expenditures and return of capital upon sale

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Summary of Basic and Diluted Earnings Per Share

Income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method follows:


		Three Months Ended March 31,
(in millions, except per share amounts and percentages)			2025			2024
Income from continuing operations			$	140.1		$	170.9
Less: dividends declared			45.3			41.5
Undistributed earnings			94.8			129.4
Percent allocated to common stockholders(1)			99.8		%	99.8		%
Undistributed earnings allocated to common stockholders			94.6			129.1
Add: dividends declared to common shares, restricted stock units and vested and deferred restricted and performance shares			45.2			41.4
Income from continuing operations attributable to common stockholders			$	139.8		$	170.5

Shares:
Basic weighted-average shares outstanding			44.3			47.8
Effect of dilutive securities:
Performance awards			0.1			0.2
Stock options			0.3			0.4
Diluted weighted-average shares outstanding			44.7			48.4

Per share income from continuing operations attributable to common shares:
Basic			$	3.16		$	3.57
Diluted			$	3.13		$	3.52

(1)	Basic weighted-average shares outstanding		44.3			47.8
	Basic weighted-average shares outstanding and unvested restricted shares expected to vest		44.4			47.9
	Percent allocated to common stockholders		99.8		%	99.8		%

Summary of Antidilutive Securities Excluded From Computation of Earnings Per Share

To calculate earnings per share for income from discontinued operations and for net income, the denominator for both basic and diluted earnings per share is the same as used in the above table.


	Three Months Ended March 31,
(in millions)		2025		2024
Income from discontinued operations attributable to common stockholders for basic and diluted earnings per share		$	3.2	$	21.4
Net income attributable to common stockholders for basic and diluted earnings per share		143.0		191.9
Anti-dilutive stock options excluded from earnings per share calculation(1)		0.2		0.1

Revenus (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Summary of Reconciliation of Disaggregated Revenue

A summary of revenues disaggregated by end-market follows:


	Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total		CCM		CWT		Total

Non-residential construction	$	734.8	$	138.1	$	872.9	$	718.8	$	134.8	$	853.6
Residential construction	63.7		130.4		194.1		64.8		145.0		209.8





Other	—		28.8		28.8		—		33.1		33.1
Total revenues	$	798.5	$	297.3	$	1,095.8	$	783.6	$	312.9	$	1,096.5

Revenues by Geographic Area

A summary of revenues based on the region to which the product was delivered follows:


	Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total		CCM		CWT		Total
United States	$	710.5	$	255.4	$	965.9	$	703.8	$	278.7	$	982.5
International:
Europe	59.8		4.7		64.5		56.0		5.3		61.3
North America (excluding U.S.)	22.5		32.9		55.4		17.9		24.8		42.7


Other	5.7		4.3		10.0		5.9		4.1		10.0
Total international	88.0		41.9		129.9		79.8		34.2		114.0
Total revenues	$	798.5	$	297.3	$	1,095.8	$	783.6	$	312.9	$	1,096.5

Summary of Change in Contract Liabilities

A summary of the change in contract liabilities for the three months ended March 31, follows:


(in millions)	2025		2024
Balance as of January 1	$	350.5	$	324.0
Revenue deferred	11.5		12.2
Revenue recognized	(7.4)		(6.9)

Balance as of March 31	$	354.6	$	329.3

Summary of Remaining Performance Obligation

A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of March 31, 2025, follows:


(in millions)	Remainder of 2025		2026		2027		2028		2029		2030		Thereafter
Extended service warranties	$	22.0	$	28.3	$	27.2	$	26.2	$	25.2	$	24.4	$	201.3

Inventories (Tables)

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Summary of Inventories

A summary of the Company's inventories follows:


(in millions)	March 31, 2025		December 31, 2024
Raw materials	$	173.1	$	157.0
Work-in-process	26.3		26.1
Finished goods	341.1		299.8
Reserves	(10.9)		(10.2)
Inventories	$	529.6	$	472.7

Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Other Intangible Assets, net

A summary of the Company's other intangible assets follows:


	March 31, 2025						December 31, 2024
(in millions)	Acquired Cost		Accumulated Amortization		Net Book Value		Acquired Cost		Accumulated Amortization		Net Book Value

Customer relationships	$	1,471.4	$	(406.3)	$	1,065.1	$	1,456.0	$	(380.5)	$	1,075.5
Indefinite lived trade names	252.6		—		252.6		252.0		—		252.0
Technology	191.4		(106.7)		84.7		185.6		(103.4)		82.2
Definite-lived trade names	117.1		(38.5)		78.6		117.0		(37.0)		80.0

Other	39.7		(24.7)		15.0		37.8		(22.6)		15.2
Other intangible assets	$	2,072.2	$	(576.2)	$	1,496.0	$	2,048.4	$	(543.5)	$	1,504.9

Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Summary of Long-term Debt

A summary of the Company's long-term debt follows:


(in millions)					Fair Value(1)
	March 31, 2025		December 31, 2024		March 31, 2025		December 31, 2024
2.20% Notes due 2032	$	550.0	$	550.0	$	457.3	$	448.7
2.75% Notes due 2030	750.0		750.0		680.2		672.2
3.75% Notes due 2027	600.0		600.0		586.2		584.1

Unamortized discount, debt issuance costs and other	(5.6)		(9.4)
Total debt	1,894.4		1,890.6
Less: current portion of debt	3.9		3.2
Long term-debt	$	1,890.5	$	1,887.4

Segment Information - Financial Information, Including Significant Expenses, by Reportable Segment (Details) $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($) segment	Mar. 31, 2024 USD ($)
Segment Information
Number of reportable segments \| segment	2
Revenue	$ 1,095.8	$ 1,096.5
Selling and administrative expenses	194.0	166.8
Research and development expenses	10.7	9.2
Other operating expense (income), net	(2.6)	(2.3)
Operating income	183.6	225.2
Interest expense	14.8	18.6
Interest income	(6.4)	(7.9)
Other non-operating expense (income), net	0.2	(0.3)
Income from continuing operations before income taxes	175.0	214.8
Operating Segments
Segment Information
Revenue	1,095.8	1,096.5
Cost of goods sold	710.1	696.6
Selling and administrative expenses	163.7	137.3
Research and development expenses	10.7	9.2
Other operating expense (income), net	0.3	0.0
Operating income	211.0	253.4
Corporate
Segment Information
Operating income	27.4	28.2
CCM
Segment Information
Revenue	798.5	783.6
CCM \| Operating Segments
Segment Information
Revenue	798.5	783.6
Cost of goods sold	500.9	488.5
Selling and administrative expenses	95.0	77.3
Research and development expenses	8.1	6.7
Other operating expense (income), net	(0.3)	(0.1)
Operating income	194.8	211.2
CWT
Segment Information
Revenue	297.3	312.9
CWT \| Operating Segments
Segment Information
Revenue	297.3	312.9
Cost of goods sold	209.2	208.1
Selling and administrative expenses	68.7	60.0
Research and development expenses	2.6	2.5
Other operating expense (income), net	0.6	0.1
Operating income	$ 16.2	$ 42.2

Segment Information- Other Financial Information by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Net Sales, EBIT, Assets continuing operations by reportable segment
Depreciation and Amortization	$ 47.8	$ 38.9
Capital Expenditures	29.0	24.0
Operating Segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Depreciation and Amortization	46.9	38.0
Capital Expenditures	29.0	24.0
Corporate and unallocated
Net Sales, EBIT, Assets continuing operations by reportable segment
Depreciation and Amortization	0.9	0.9
Capital Expenditures	0.0	0.0
Carlisle Construction Materials \| Operating Segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Depreciation and Amortization	21.6	16.1
Capital Expenditures	18.4	16.9
Carlisle Weatherproofing Technologies \| Operating Segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Depreciation and Amortization	25.3	21.9
Capital Expenditures	$ 10.6	$ 7.1

Acquisitions - Narrative (Details) - USD ($) $ in Millions					2 Months Ended
Acquisitions - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2025	Feb. 03, 2025	Dec. 18, 2024	May 01, 2024	Mar. 31, 2025	Mar. 31, 2025
Therma Foam
Acquisitions
Total cash consideration transferred		$ 52.9
Contribution to net sales since acquisition						$ 3.3
Contribution to operating profit since acquisition					$ 0.4
PFB Holdco, Inc
Acquisitions
Total cash consideration transferred	$ 265.9		$ 268.9
Percentage of ownership interest acquired			100.00%
Cash and cash equivalents	6.4		$ 6.4		6.4	6.4
MTL Holdings LLC
Acquisitions
Total cash consideration transferred	424.6			$ 423.1
Percentage of ownership interest acquired				100.00%
Cash and cash equivalents	$ 10.3			$ 10.3	$ 10.3	$ 10.3

Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions					3 Months Ended	11 Months Ended
	Mar. 31, 2025	Feb. 03, 2025	Dec. 18, 2024	May 01, 2024	Mar. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Preliminary Allocation
Goodwill	$ 1,490.1				$ 1,490.1	$ 1,490.1	$ 1,478.0
Therma Foam
Acquisitions
Total cash consideration transferred		$ 52.9
Preliminary Allocation
Receivables, net		2.7
Inventories		1.4
Other current assets		0.1
Property, plant and equipment		8.8
Other intangible assets		6.7
Accounts payable		(0.9)
Other current liabilities		(0.6)
Total identifiable net assets		18.2
Goodwill		$ 34.7
PFB Holdco, Inc
Acquisitions
Total cash consideration transferred	265.9		$ 268.9
Preliminary Allocation
Cash and cash equivalents	6.4		6.4		6.4	6.4
Receivables, net	9.6		9.6		9.6	9.6
Inventories	14.5		14.5		14.5	14.5
Other current assets	6.6		6.6		6.6	6.6
Property, plant and equipment	31.7		31.7		31.7	31.7
Other intangible assets	124.3		112.8		124.3	124.3
Other long-term assets	46.1		46.1		46.1	46.1
Accounts payable	(4.6)		(4.6)		(4.6)	(4.6)
Other current liabilities	(14.8)		(27.8)		(14.8)	(14.8)
Deferred taxes	(29.7)		(27.9)		(29.7)	(29.7)
Other long-term liabilities	(43.5)		(43.5)		(43.5)	(43.5)
Total identifiable net assets	146.6		123.9		146.6	146.6
Goodwill	119.3		$ 145.0		119.3	119.3
PFB Holdco, Inc \| Measurement Period Adjustments
Acquisitions
Total cash consideration transferred					(3.0)
Measurement Period Adjustments
Cash and cash equivalents					0.0
Receivables, net					0.0
Inventories					0.0
Other current assets					0.0
Property, plant and equipment					0.0
Other intangible assets					11.5
Other long-term assets					0.0
Accounts payable					0.0
Other current liabilities					13.0
Deferred taxes					(1.8)
Other long-term liabilities					0.0
Total identifiable net assets					22.7
Goodwill					(25.7)
MTL Holdings LLC
Acquisitions
Total cash consideration transferred	424.6			$ 423.1
Preliminary Allocation
Cash and cash equivalents	10.3			10.3	10.3	10.3
Receivables, net	14.0			14.0	14.0	14.0
Inventories	17.2			17.2	17.2	17.2
Other current assets	0.9			0.9	0.9	0.9
Property, plant and equipment	10.4			10.7	10.4	10.4
Other intangible assets	248.3			248.3	248.3	248.3
Other long-term assets	8.4			8.1	8.4	8.4
Accounts payable	(5.9)			(5.9)	(5.9)	(5.9)
Other current liabilities	(6.1)			(6.1)	(6.1)	(6.1)
Deferred taxes	(6.9)			(6.9)	(6.9)	(6.9)
Other long-term liabilities	(7.6)			(6.7)	(7.6)	(7.6)
Total identifiable net assets	283.0			283.9	283.0	283.0
Goodwill	$ 141.6			$ 139.2	$ 141.6	141.6
MTL Holdings LLC \| Measurement Period Adjustments
Acquisitions
Total cash consideration transferred						1.5
Measurement Period Adjustments
Cash and cash equivalents						0.0
Receivables, net						0.0
Inventories						0.0
Other current assets						0.0
Property, plant and equipment						(0.3)
Other intangible assets						0.0
Other long-term assets						0.3
Accounts payable						0.0
Other current liabilities						0.0
Deferred taxes						0.0
Other long-term liabilities						(0.9)
Total identifiable net assets						(0.9)
Goodwill						$ 2.4

Acquisitions - Summary of Acquired Definite-Lived Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended
	Feb. 03, 2025	Mar. 31, 2025
Therma Foam
Acquisitions
Fair Value	$ 6.7
Therma Foam \| Customer relationships
Acquisitions
Fair Value	$ 6.5
Weighted Average Useful Life (in years)	9 years
Therma Foam \| Other intangibles
Acquisitions
Fair Value	$ 0.2
Weighted Average Useful Life (in years)	5 years
PFB Holdco, Inc
Acquisitions
Fair Value		$ 124.3
PFB Holdco, Inc \| Customer relationships
Acquisitions
Fair Value		$ 81.5
Weighted Average Useful Life (in years)		11 years
PFB Holdco, Inc \| Trade names
Acquisitions
Fair Value		$ 15.0
Weighted Average Useful Life (in years)		15 years
PFB Holdco, Inc \| Technologies
Acquisitions
Fair Value		$ 27.8
Weighted Average Useful Life (in years)		11 years

Discontinued Operations - Narrative (Details) $ in Millions	May 21, 2024 USD ($)
CIT \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from cash	$ 2,025

Discontinued Operations - Summary of Results from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations	$ 3.2	$ 21.4
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues		213.4
Cost of goods sold		153.8
Other operating expense (income), net		22.5
Operating income		37.1
Other non-operating expense (income), net		7.4
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale		29.7
(Gain) loss on sale of discontinued operations		0.2
Pre-close transaction expenses		7.6
Income (loss) from discontinued operations before income taxes	2.3	21.9
(Benefit from) provision for from income taxes	(0.9)	0.5
Income from discontinued operations	3.2	21.4
CIT \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues		213.4
Cost of goods sold		153.8
Other operating expense (income), net		22.5
Operating income		37.1
Other non-operating expense (income), net		(0.2)
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale		37.3
(Gain) loss on sale of discontinued operations		0.0
Pre-close transaction expenses		7.6
Income (loss) from discontinued operations before income taxes	(0.3)	29.7
(Benefit from) provision for from income taxes	(1.1)	3.4
Income from discontinued operations	0.8	26.3
Other \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues		0.0
Cost of goods sold		0.0
Other operating expense (income), net		0.0
Operating income		0.0
Other non-operating expense (income), net		7.6
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale		(7.6)
(Gain) loss on sale of discontinued operations		0.2
Pre-close transaction expenses		0.0
Income (loss) from discontinued operations before income taxes	2.6	(7.8)
(Benefit from) provision for from income taxes	0.2	(2.9)
Income from discontinued operations	$ 2.4	$ (4.9)

Discontinued Operations - Summary of Cash Flows from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Change in cash and cash equivalents from discontinued operations	$ 0.0	$ (11.2)
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by operating activities	3.2	7.5
Net cash provided by investing activities	0.0	(8.3)
Net cash (used in) provided by financing activities	(3.2)	(10.4)
Change in cash and cash equivalents from discontinued operations	0.0	(11.2)
Cash and cash equivalents from discontinued operations at beginning of period	0.0	28.8
Cash and cash equivalents from discontinued operations at end of period	0.0	17.6
CIT \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by operating activities	0.8	12.4
Net cash provided by investing activities	0.0	(8.3)
Net cash (used in) provided by financing activities	(0.8)	(15.3)
Change in cash and cash equivalents from discontinued operations	0.0	(11.2)
Cash and cash equivalents from discontinued operations at beginning of period	0.0	28.8
Cash and cash equivalents from discontinued operations at end of period	0.0	17.6
Other \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by operating activities	2.4	(4.9)
Net cash provided by investing activities	0.0	0.0
Net cash (used in) provided by financing activities	(2.4)	4.9
Change in cash and cash equivalents from discontinued operations	0.0	0.0
Cash and cash equivalents from discontinued operations at beginning of period	0.0	0.0
Cash and cash equivalents from discontinued operations at end of period	$ 0.0	$ 0.0

Earnings Per Share - Summary of Basic and Diluted Earnings Per Share and Antidilutive Securities Excluded From Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Numerator:
Income from continuing operations	$ 140.1	$ 170.9
Less: dividends declared	45.3	41.5
Undistributed earnings	$ 94.8	$ 129.4
Percent allocated to common stockholders	99.80%	99.80%
Undistributed earnings allocated to common stockholders	$ 94.6	$ 129.1
Add: dividends declared to common shares, restricted stock units and vested and deferred restricted and performance shares	45.2	41.4
Income from continuing operations attributable to common stockholders	$ 139.8	$ 170.5
Shares:
Basic weighted-average shares outstanding (in shares)	44.3	47.8
Effect of dilutive securities:
Performance awards (in shares)	0.1	0.2
Stock options (in shares)	0.3	0.4
Diluted weighted-average shares outstanding (in shares)	44.7	48.4
Per share income from continuing operations attributable to common shares:
Basic (in dollars per share)	$ 3.16	$ 3.57
Diluted (in dollars per share)	$ 3.13	$ 3.52
Basic weighted-average shares outstanding (in shares)	44.3	47.8
Basic weighted-average shares outstanding and unvested restricted shares expected to vest (in shares)	44.4	47.9
Percent allocated to common stockholders	99.80%	99.80%
Anti-dilutive stock options excluded from EPS calculation
Income from discontinued operations attributable to common stockholders for basic earnings per share	$ 3.2	$ 21.4
Income from discontinued operations attributable to common stockholder for diluted earnings per share	3.2	21.4
Net income attributable to common stockholders for basic earnings per share	143.0	191.9
Net income attributable to common stockholders for diluted earnings per share	$ 143.0	$ 191.9
Anti-dilutive stock options excluded from earnings per share calculation (in shares)	0.2	0.1

Revenues - Summary of Reconciliation of Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,095.8	$ 1,096.5
United States
Disaggregation of Revenue [Line Items]
Total revenues	965.9	982.5
Total international
Disaggregation of Revenue [Line Items]
Total revenues	129.9	114.0
Europe
Disaggregation of Revenue [Line Items]
Total revenues	64.5	61.3
North America (excluding U.S.)
Disaggregation of Revenue [Line Items]
Total revenues	55.4	42.7
Other
Disaggregation of Revenue [Line Items]
Total revenues	10.0	10.0
Non-residential construction
Disaggregation of Revenue [Line Items]
Total revenues	872.9	853.6
Residential construction
Disaggregation of Revenue [Line Items]
Total revenues	194.1	209.8
Other
Disaggregation of Revenue [Line Items]
Total revenues	28.8	33.1
CCM
Disaggregation of Revenue [Line Items]
Total revenues	798.5	783.6
CCM \| United States
Disaggregation of Revenue [Line Items]
Total revenues	710.5	703.8
CCM \| Total international
Disaggregation of Revenue [Line Items]
Total revenues	88.0	79.8
CCM \| Europe
Disaggregation of Revenue [Line Items]
Total revenues	59.8	56.0
CCM \| North America (excluding U.S.)
Disaggregation of Revenue [Line Items]
Total revenues	22.5	17.9
CCM \| Other
Disaggregation of Revenue [Line Items]
Total revenues	5.7	5.9
CCM \| Non-residential construction
Disaggregation of Revenue [Line Items]
Total revenues	734.8	718.8
CCM \| Residential construction
Disaggregation of Revenue [Line Items]
Total revenues	63.7	64.8
CCM \| Other
Disaggregation of Revenue [Line Items]
Total revenues	0.0	0.0
CWT
Disaggregation of Revenue [Line Items]
Total revenues	297.3	312.9
CWT \| United States
Disaggregation of Revenue [Line Items]
Total revenues	255.4	278.7
CWT \| Total international
Disaggregation of Revenue [Line Items]
Total revenues	41.9	34.2
CWT \| Europe
Disaggregation of Revenue [Line Items]
Total revenues	4.7	5.3
CWT \| North America (excluding U.S.)
Disaggregation of Revenue [Line Items]
Total revenues	32.9	24.8
CWT \| Other
Disaggregation of Revenue [Line Items]
Total revenues	4.3	4.1
CWT \| Non-residential construction
Disaggregation of Revenue [Line Items]
Total revenues	138.1	134.8
CWT \| Residential construction
Disaggregation of Revenue [Line Items]
Total revenues	130.4	145.0
CWT \| Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 28.8	$ 33.1

Revenues - Summary of Change in Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 350.5	$ 324.0
Revenue deferred	11.5	12.2
Revenue recognized	(7.4)	(6.9)
Ending balance	$ 354.6	$ 329.3

Revenues - Summary of Remaining Performance Obligation (Details) $ in Millions	Mar. 31, 2025 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 22.0
Extended service warranties, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 28.3
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 27.2
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 26.2
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 25.2
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 24.4
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2031-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties	$ 201.3
Extended service warranties, period

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2025	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Effective income tax rate on continuing operations (as a percent)	19.90%	20.40%
Anticipated effective tax rate for beginning of year to date (as a percent)	23.30%
Discrete income tax benefit	$ 5.8

Inventories - Summary of Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Inventory Disclosure [Abstract]
Raw materials	$ 173.1	$ 157.0
Work-in-process	26.3	26.1
Finished goods	341.1	299.8
Reserves	(10.9)	(10.2)
Inventories	$ 529.6	$ 472.7

Other Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Other intangible assets
Acquired Cost	$ 2,072.2	$ 2,048.4
Accumulated Amortization	(576.2)	(543.5)
Net Book Value	1,496.0	1,504.9
Indefinite lived trade names
Assets not subject to amortization:
Acquired Cost	252.6	252.0
Accumulated Amortization	0.0	0.0
Net Book Value	252.6	252.0
Customer relationships
Assets subject to amortization:
Acquired Cost	1,471.4	1,456.0
Accumulated Amortization	(406.3)	(380.5)
Net Book Value	1,065.1	1,075.5
Technology
Assets subject to amortization:
Acquired Cost	191.4	185.6
Accumulated Amortization	(106.7)	(103.4)
Net Book Value	84.7	82.2
Indefinite lived trade names
Assets subject to amortization:
Acquired Cost	117.1	117.0
Accumulated Amortization	(38.5)	(37.0)
Net Book Value	78.6	80.0
Other
Assets subject to amortization:
Acquired Cost	39.7	37.8
Accumulated Amortization	(24.7)	(22.6)
Net Book Value	$ 15.0	$ 15.2

Long-term Debt -Summary of Long Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Borrowings
Unamortized discount, debt issuance costs and other	$ (5.6)	$ (9.4)
Total debt	1,894.4	1,890.6
Less: current portion of debt	3.9	3.2
Long term-debt	$ 1,890.5	1,887.4
2.20% Notes due 2032
Borrowings
Interest rate (as a percent)	2.20%
Long-term debt, carrying amount	$ 550.0	550.0
2.20% Notes due 2032 \| Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 457.3	448.7
2.75% Notes due 2030
Borrowings
Interest rate (as a percent)	2.75%
Long-term debt, carrying amount	$ 750.0	750.0
2.75% Notes due 2030 \| Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 680.2	672.2
3.75% Notes due 2027
Borrowings
Interest rate (as a percent)	3.75%
Long-term debt, carrying amount	$ 600.0	600.0
3.75% Notes due 2027 \| Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 586.2	$ 584.1

Long-term Debt - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Dec. 31, 2024
Borrowings
Letters of credit outstanding	$ 19,200,000	$ 22,800,000
Revolving credit facility \| Revolving credit facility \| Line of Credit
Borrowings
Repayments of revolving credit facility	0
Borrowings from revolving credit facility	0
Revolving credit facility	0	0
Availability under revolving line of credit	1,000,000,000	$ 1,000,000,000
Letter of credit \| Revolving credit facility
Borrowings
Availability under revolving line of credit	60,800,000
Maximum borrowing capacity	$ 80,000,000

Carlisle Companies (NYSE:CSL)
과거 데이터 주식 차트
부터 3월(3) 2025 으로 4월(4) 2025

Carlisle Companies (NYSE:CSL)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 4월(4) 2025

시장 데이터

뉴스

도구

시장

팔로우

Hot Features

피드 팔로우

실시간 옵션 플로우

모니터

CSL Carlisle Companies Inc

Carlisle Companies Inc News

최근 히스토리

회사 소개

사업

Popular

앱 받기

시장 데이터

뉴스

도구

시장

팔로우

Hot Features

피드 팔로우

실시간 옵션 플로우

모니터

CSL Carlisle Companies Inc

Carlisle Companies Inc News

최근 히스토리

회사 소개

사업

Popular

앱 받기

아래의 ADVFN 계정 가입하기

광고 제거