Carlisle’s shares rose 7.5% after earnings, as 9% revenue growth and record third-quarter adjusted EPS of $5.92 pointed to resilient demand and execution despite rising input costs. The main caveat is that margins fell more than expected, and price-cost parity has been pushed out to year-end.
- Revenue increased 9% to $1.5 billion; adjusted EPS rose 6% to a third-quarter record of $5.92.
- Adjusted EBITDA was essentially flat at $348 million. The 23.8% margin declined 210 basis points year over year as raw-material and freight costs outpaced price realization.
- Carlisle now expects price-cost parity as it exits 2026, one quarter later than previously expected; that outlook assumes input costs and freight stabilize.
- Reroofing demand remained a mid-single-digit contributor at CCM, while data-center demand supported premium TPO. New construction remained soft, and Carlisle sees no near-term recovery in residential markets.
- Share repurchases are on track for $1.2 billion this year; the company said its Vision 2030 targets are unchanged.
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