CARLISLE COMPANIES Reports Fiscal Year 2023 Q2 Earnings Results for June 30, 2023
August 22, 2023
🌥️Earnings Overview
CARLISLE COMPANIES ($NYSE:CSL)’ total revenue for the fiscal quarter ending June 30, 2023 was USD 1525.9 million, representing a decline of 17.4% compared to the year prior. Net income was also lower, at USD 194.6 million, down by 35.5% from the same quarter in FY2022. The company reported their earnings results for the period on July 26, 2023.
Price History
On Wednesday, CARLISLE COMPANIES reported the earnings results for their fiscal year 2023 second quarter, which ended on June 30, 2023. The company’s stock opened at $267.8 and closed at $273.4, up by 1.7% from its previous closing price of 268.8. Overall, CARLISLE COMPANIES reported solid results for the second quarter which show continued growth and improvement. The company is well positioned to capitalize on the current economic conditions and continue to drive future success throughout the remainder of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carlisle Companies. More…
| Total Revenues | Net Income | Net Margin |
| 6.02k | 774.4 | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carlisle Companies. More…
| Operations | Investing | Financing |
| 1.15k | -153.9 | -959.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carlisle Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.18k | 4.14k | 59.49 |
Key Ratios Snapshot
Some of the financial key ratios for Carlisle Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 24.5% | 17.9% |
| FCF Margin | ROE | ROA |
| 16.2% | 22.1% | 9.4% |
Analysis
As a GoodWhale user, you can analyze CARLISLE COMPANIES‘s fundamentals with our platform. We use our Risk Rating to evaluate the riskiness of any particular stock or company, and CARLISLE COMPANIES is currently rated as a medium risk investment in terms of financial and business aspects. We’ve also detected 2 risk warnings in their income sheet, which are non-financial in nature. If you’d like to learn more about these risks, you’ll need to become a registered user to access our detailed reports. Our platform will give you an in-depth analysis of the company’s finances so you can make the best decision about whether or not to invest. More…
Peers
The company operates in three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Brake & Friction. Schweiter Technologies AG, Forbo Holding AG, and Sankyo Tateyama Inc. are all competitors of Carlisle Companies Inc.
– Schweiter Technologies AG ($OTCPK:SCWTF)
Schweiter Technologies AG is a publicly traded company with a market capitalization of 1.03 billion as of 2022. The company has a return on equity of 7.24%. Schweiter Technologies AG is engaged in the development, manufacture and marketing of textile machines, precision tools and related services. The company’s products are used in the textile, automotive, aerospace and other industries.
– Forbo Holding AG ($LTS:0QKD)
Forbo Holding AG is a Swiss manufacturer of floor coverings, adhesives and other specialty products. The company has a market capitalization of 1.77 billion as of 2022 and a return on equity of 21.17%. Forbo produces a wide range of products for both commercial and residential applications, including vinyl and linoleum flooring, carpet tiles, adhesives, sealants and coatings. The company has a strong presence in Europe and Asia, and is expanding its operations in North America and South America.
– Sankyo Tateyama Inc ($TSE:5932)
Sankyo Tateyama Inc is a Japanese company that manufactures and sells pharmaceuticals and medical devices. The company has a market cap of 17.4 billion as of 2022 and a return on equity of 0.94%. The company’s products include drugs for the treatment of hypertension, diabetes, and dyslipidemia, as well as medical devices such as blood pressure monitors and glucose meters.
Summary
CARLISLE COMPANIES reported their Q2 FY2023 earnings on July 26 2023 with total revenue of USD 1525.9 million, a decrease of 17.4% year-on-year. Net income decreased by 35.5%, amounting to USD 194.6 million. Investors may be wary of the company’s performance as it is not meeting expectations. Analysts should examine the underlying causes that drove this decrease in revenue and income to gain a better understanding of the company’s financial health and make informed investment decisions.
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