Earnings release
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PRESS RELEASE VISION Exhibit 99.1 CARLISLE THE NEXT 100 YEARS 2025 7/22/21 Carlisle Companies Reports Second Quarter Earnings SCOTTSDALE , ARIZONA , July 22 , 2021 Carlisle Companies Incorporated ( NYSE : CSL ) today announced its second quarter 2021 financial results . ● Reported consolidated second quarter revenue of $ 1.2 billion , up 22 % from second quarter 2020 Delivered second quarter diluted EPS of $ 1.77 ; adjusted diluted EPS of $ 2.16 Repurchased 643 thousand shares for $ 116 million , 1.6 million shares for $ 266 million YTD Strong volume leverage at CCM and continued price discipline delivered second quarter margin expansion year - over - year Signed a definitive agreement to acquire Henry Company for $ 1.575 billion Comments from Chris Koch , Chairman , President and Chief Executive Officer " I am pleased that Carlisle's performance continues to strengthen as we accelerate into the recovery . Given our adherence to strict safety measures across our global footprint , I am happy to report Carlisle's COVID - 19 related infection rates approached zero in the second quarter . Over a year removed from the pandemic's initial impact , we are well positioned to meet Carlisle's center - led Vision 2025 objectives , supported by confidence in the fundamentals of our businesses , positive long - term trends , and a commitment to providing our customers superior service through the Carlisle Experience . I am also excited by our recently announced agreement to acquire Henry Company , a best - in - class provider of building envelope systems that control the flow of water , vapor and energy to optimize building sustainability . Henry also will augment CCM's growth and innovation efforts in commercial construction and increase its presence in residential construction in North America . Henry generated revenue of $ 511 million and adjusted EBITDA of $ 119 million , representing an adjusted EBITDA margin of 23 % , for the twelve months ended May 31 , 2021 . We also continue to deliver on our Vision 2025 , center - led strategies . As a reminder , Vision 2025 provides clear direction and consistency of mission to guide our efforts to deliver in excess of $ 15 of earnings per share . A few highlights of the second quarter of 2021 include : On April 20th , Carlisle announced plans to invest more than $ 60 million to build a state - of - the - art facility in Sikeston , Missouri where CCM will manufacture energy - efficient polyiso insulation . On May 25th , consistent with our portfolio optimization strategy , we announced an agreement to sell Carlisle Brake & Friction ( CBF ) to CentroMotion for the opportunity to receive $ 375 million . On June 2nd , we announced that construction has begun on CCM's sixth TPO manufacturing line , which will produce the commercial roofing industry's first 16 - foot - wide TPO membranes . We continue to take a disciplined approach to pricing across our businesses , realizing the full value of our products through the Carlisle Experience . These efforts were supported by our purchasing teams , which both ensured supply in the current constrained environment , and optimized our input costs . Our ESG efforts continue to gain momentum . In April , we published our 2020 Sustainability Report . We also are making solid progress gathering data to set energy consumption and GHG reduction targets . We achieved gross savings , benefits and cost avoidance of 1 % as a percent of sales through the Carlisle Operating System , within our 1-2 % targeted range . Finally , we remained disciplined and opportunistic in our capital deployment strategy . In the quarter , we repurchased 643 thousand shares for $ 116 million , bringing our year - to - date total to 1.6 million shares for $ 266 million . We also returned $ 28 million to shareholders in the form of dividends . CCM's performance continues to confirm our conviction that Carlisle's strategic pivot to our highest - returning business is the correct path . Carlisle's positive second quarter results were driven by CCM , which continues to