Brief: Carlisle Companies Reports First Quarter Results

Carlisle Companies

27/04/2023 23:07

April 27 (Reuters) - Carlisle Companies Inc  CSL.N :
    * CARLISLE COMPANIES REPORTS FIRST QUARTER RESULTS
    * Q1 REVENUES OF $1.2 BILLION, DECLINED 21.2% YEAR-OVER-YEAR
    * Q1 GAAP DILUTED EPS OF $1.92
    * Q1 ADJUSTED EPS OF $2.57
    * REPURCHASED 200 THOUSAND SHARES FOR $50 MILLION IN QUARTER
    * Q1 OF 2023 CONTINUED TO REFLECT DESTOCKING EFFORTS BY
DISTRIBUTORS AND CONTRACTORS IN BUILDING PRODUCTS INDUSTRY
    * INCLEMENT WEATHER DURING Q1 DISRUPTED CONTRACTORS' ABILITY
TO
COMPLETE JOBS AND BETTER ADDRESS PENT-UP DEMAND
    * UNDERLYING DEMAND IN NON-RESIDENTIAL CONSTRUCTION MARKETS
REMAINS STRONG
    * CARLISLE COMPANIES - ANTICIPATED SEASONAL RAMP IN
CONSTRUCTION
ACTIVITY FOR 2023 IS UNDERWAY, WITH SEQUENTIALLY IMPROVED ORDERS
AND SHIPMENTS IN APRIL
    * Q1 EARNINGS PER SHARE VIEW $2.62, REVENUE VIEW $1.21
BILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nBw9lQRgba 
Further company coverage:  CSL.N 

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