Q1 2026 Carlisle Companies Inc Earnings Call Transcript
Key Points
- Carlisle Companies Inc (CSL) achieved an adjusted EBITDA margin expansion of 50 basis points to 22.3% despite a 4% decline in revenue.
- The company reported an increase in adjusted EPS to $3.63, up 1% year-over-year, driven by share repurchases.
- Carlisle Companies Inc (CSL) reaffirmed its full-year 2026 outlook, expecting low single-digit revenue growth and approximately 50 basis points of adjusted EBITDA margin expansion.
- The company is launching new products, including the ThermaThin R-7 insulation, which has received positive recognition and awards.
- Carlisle Companies Inc (CSL) maintains a strong financial position with $771 million in cash and cash equivalents and a net debt-to-EBITDA ratio of 1.7 times, providing flexibility for investments and shareholder returns.
- Revenue for the first quarter was down 4% year-over-year, impacted by winter weather delays and the absence of a previous year's tariff-related order pull forward.
- New construction activity remains soft across both residential and nonresidential markets, with no near-term recovery expected.
- The company faces ongoing geopolitical and economic uncertainties, including rising oil prices and interest rates, which impact input costs and construction activity.
- CWT segment reported a slight decline in revenue and a decrease in adjusted EBITDA margin by 40 basis points due to lower volumes.
- The company anticipates continued macroeconomic pressure and limited visibility due to oil cost volatility and prolonged geopolitical conflicts.
Good afternoon. My name is Colby and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Carlisle Companies first-quarter 2026 earnings conference call. (Operator Instructions)
I would like to turn the call over to Mr. Mehul Patel, Carlisle's Vice President of Investor Relations. Mehul, please go ahead.
Thank you, and good afternoon, everyone. Welcome to Carlisle's first-quarter 2026 earnings call. I'm Mehul Patel, Vice President of Investor Relations for Carlisle. We released our first quarter financial results today, and you can find both our press release and the presentation for today's call in the Investor Relations section of our website. On the call with me today are Chris Koch, our Board Chair, President and CEO; along with Kevin Zdimal, our CFO.
Today's call will begin with Chris providing key highlights for the first quarter, Kevin will follow Chris and provide an overview of our Q1 financial performance and our reaffirmed
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