Carlisle announces key leadership appointments

SCOTTSDALE, Ariz. - Carlisle Companies Incorporated (NYSE:CSL (OTC:CSLLY)) has announced a series of leadership changes within its global finance organization, set to take effect on August 1, 2024. The company has promoted several individuals as part of its ongoing efforts to strengthen and leverage its team's expertise and successful track record.

John Calogero, with 27 years of experience at Carlisle, is set to take on the role of Senior Vice President – Special Projects for Carlisle Construction Materials (CCM). In his new capacity, Calogero will focus on mentoring and overseeing critical projects and initiatives within CCM.

Stephen Aldrich, who joined Carlisle in 2012 and has served in various financial leadership roles, has been promoted to CFO for CCM. Aldrich's background includes a stint as an audit manager with Deloitte, and he holds a Master of Science in Accountancy from Wake Forest University.

Andrew Easton, who has been with Carlisle since 2018, will become Vice President and Chief Accounting Officer. Easton, instrumental in transforming the Internal Audit into a strategic business partner at Carlisle, also has a background with Deloitte and Brighthouse Financial (NASDAQ:BHF).

Cory Walter, who started at Carlisle in 2017, has been named Vice President of Internal Audit. Walter's previous roles include Manager and Director of Financial Reporting and Technical Accounting at Carlisle, and audit manager at KPMG.

Kevin Zdimal, Vice President & Chief Financial Officer of Carlisle, expressed enthusiasm for the management changes, emphasizing the company's commitment to nurturing finance talent and the opportunities for growth these changes represent for the employees involved.

Carlisle Companies Incorporated is recognized as a leading supplier of innovative building envelope products, aiming for energy-efficient building solutions. Committed to generating superior shareholder returns, Carlisle maintains a balanced capital deployment strategy and is dedicated to achieving net-zero greenhouse gas emissions by 2050.

This announcement is based on a press release statement from Carlisle Companies Incorporated.

In other recent news, Carlisle Companies Incorporated reported a significant surge in its Q1 2024 earnings, with sales increasing by 23% to $1.1 billion and adjusted EBITDA jumping 50% to over $260 million. The company also announced the divestiture of its Carlisle Interconnect Technologies business, which is expected to generate nearly $2 billion. In addition, the company appointed Robin J. Adams as its new Lead Independent Director, aligning with its Vision 2030 strategies.

Baird has increased its price target for Carlisle shares to $500, citing a robust Q2 performance. The firm noted an improvement in pricing during Q2, although the outlook for the full year moderated. Despite softer sell-through volumes in the non-residential segment, Baird remains positive about Carlisle's long-term investment potential.

Carlisle Companies has also invested over $45 million to expand its Research & Innovation Center in Pennsylvania, aiming to double the current research and innovation space. This expansion is part of the company's strategy to accelerate new product development and commercialization.

These recent developments reflect Carlisle's commitment to continuous improvement, shareholder value enhancement, and its pledge to achieve net-zero greenhouse gas emissions by 2050.

InvestingPro Insights

As Carlisle Companies Incorporated (NYSE:CSL) continues to refine its leadership structure, the company's financial health and strategic moves are of particular interest to investors. With a market capitalization of $19.85 billion and a robust P/E ratio of 24, the company showcases its stability in the market.

Notably, Carlisle's commitment to shareholder returns is evident through its impressive track record of raising its dividend for 31 consecutive years, and maintaining dividend payments for an even more remarkable 54 consecutive years. This consistency underscores the company's financial discipline and its ability to generate cash flow.

InvestingPro Tips highlight that Carlisle's management has been actively involved in share buybacks, signaling confidence in the company's future. Additionally, two analysts have recently revised their earnings upwards for the upcoming period, suggesting potential for financial growth and stability.

Investors looking to dive deeper into Carlisle's financial performance and strategic insights can find additional InvestingPro Tips by visiting https://www.investing.com/pro/CSL. With 16 more tips available, investors can gain a comprehensive understanding of the company's outlook. Remember to use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, offering a valuable resource for informed investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.