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What’s the Latest News on Carlisle Companies?

Gabriel Kane - Author

Jan. 12 2017, Updated 7:38 a.m. ET

Price movement

Carlisle Companies (CSL) has a market cap of $7.0 billion and rose 0.02% to close at $108.22 per share on January 10, 2017. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -0.95%, -5.1%, and -1.9%, respectively, on the same day.

CSL is now trading 3.1% below its 20-day moving average, 2.5% below its 50-day moving average, and 3.5% above its 200-day moving average.

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Related ETF and peers

The SPDR S&P Dividend ETF (SDY) invests 0.47% of its holdings in CSL. The YTD price movement of SDY was 0.08% on January 10.

The market caps of CSL’s competitors are as follows:

  • TE Connectivity (TEL): $24.1 billion
  • Dover (DOV): $12.0 billion
  • Ametek (AME): $11.3 billion

Latest news on CSL

In a press release, Carlisle reported: “Carlisle Companies Incorporated (CSL) today announced the acquisition of San Jamar…a leading provider of universal dispensing systems and food safety products for foodservice and hygiene applications.”

The press release added: “The business will operate as a separate unit within Carlisle FoodService Products, a provider of professional-grade products for the restaurant, healthcare and janitorial sectors, including foodservice permanentware, table coverings, cookware, displayware, catering equipment and meal delivery systems.”

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Performance of Carlisle in 3Q16

Carlisle Companies (CSL) reported 3Q16 net sales of $991.0 million—a rise of 1.8% over its net sales of $973.1 million in 3Q15. Sales for the Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle FoodService Products segments rose 1.4%, 7.9%, 1.6%, and 1.4%, respectively. Sales for the Carlisle Brake & Friction segment fell 11.5% between 3Q15 and 3Q16. The company’s EBIT (earnings before interest and tax) margin narrowed 1,290 basis points.

Its net income and EPS (earnings per share) fell to -$9.8 million and -$0.15, respectively, in 3Q16, as compared to $103.6 million and $1.56, respectively, in 3Q15. It reported adjusted EPS of $1.74 in 3Q16—a rise of 11.5% over 3Q15.

Carlisle Companies’s (CSL) cash and cash equivalents fell 13.5%. Its inventories rose 8.4% between 4Q15 and 3Q16.


Carlisle has made the following projections for fiscal 2016:

  • net sales growth in the mid-single-digit range
  • capital expenditure of ~$110 million

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