Carlisle Q2 revenue beats estimates; record sales lift FY outlook

Overview

• US building envelope supplier's Q2 revenue rose 8% yr/yr, beating analyst expectations

• Adjusted EPS for Q2 rose 12% yr/yr to a record $7.03

• Company repurchased $250 mln in shares, raising 2026 buyback target to $1.2 bln

Outlook

• Carlisle raises FY 2026 revenue outlook to mid-single-digit percentage growth

• Company expects FY 2026 adjusted EBITDA margin to remain flat

• Carlisle says pricing actions to offset cost inflation will benefit H2 2026 and 2027

Result Drivers

• VOLUME GROWTH RE-ROOFING DEMAND - Co said record revenue was driven by above-market volume growth from strategic initiatives and solid re-roofing demand

• RAW MATERIAL FREIGHT COSTS - Co said elevated input costs outpaced pricing realization, pressuring margins despite operational efficiency initiatives

• CUSTOMER PRE-BUYING - Co cited customer pre-buying ahead of announced price increases as a contributor to Q2 revenue

Company press release: ID:nBwbdLxHfa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the construction supplies fixtures peer group is "buy"

• Wall Street's median 12-month price target for Carlisle Companies Inc is $415.00, about 19.3% above its July 28 closing price of $347.72

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads

• July 29 - Home improvement firm Masco misses quarterly sales estimates as demand remains weak

• July 28 - PPG Q2 revenue beats estimates on strength in aerospace, Latin America coatings businesses

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)