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Investing.com -- Carlisle Companies Incorporated (NYSE:CSL) reported second quarter 2025 adjusted earnings per share of $6.27, falling short of analyst expectations of $6.66, while revenue remained flat year-over-year at $1.45 billion, below the consensus estimate of $1.49 billion. The building products manufacturer’s shares tumbled 7% following the earnings release and reduced full-year outlook.
The company’s performance was hampered by deteriorating conditions in new construction markets, particularly affecting its Weatherproofing Technologies segment. Despite the challenges, Carlisle maintained an operating margin of 23.1% and adjusted EBITDA margin of 26.9%, though these figures represented declines from the previous year.
"Our second quarter results demonstrate the underlying strength in our re-roofing markets at CCM and showcase our capacity to achieve top-tier margins even in a sluggish new construction landscape," said Chris Koch, Chair, President and CEO of Carlisle. "Unfortunately, the external risks that we identified in our first quarter earnings call materialized during the second quarter, leading to an increase in project delays."
The company’s Construction Materials segment (CCM) saw a modest 0.6% revenue increase to $1.096 billion, while the Weatherproofing Technologies segment (CWT) experienced a 2% decline to $354 million, driven by continued softness in residential end-markets.
Carlisle revised its full-year 2025 outlook downward, now projecting low-single-digit revenue growth with adjusted EBITDA margins declining by 150 basis points. The company cited lower volume expectations and limited traction on previously announced price increases as key factors behind the guidance reduction.
During the quarter, Carlisle repurchased 0.8 million shares for $300 million and acquired Bonded Logic, a manufacturer of recycled denim insulation. The company also highlighted its continued focus on operational excellence through automation projects expected to generate $12 million in adjusted EBITDA annually.
For the first half of 2025, Carlisle generated $289 million in operating cash flow and returned $788 million to shareholders through share repurchases and dividends.
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