Q2 2026 Carlisle Companies Inc Earnings Call Transcript
Key Points
- Record second quarter revenue of $1.6 billion, up 8% year-over-year, driven by strong performance in both CCM and CWT segments.
- Record adjusted EPS of $7.03, a 12% increase year-over-year, supported by higher operating earnings and share repurchases.
- Healthy reroofing demand grew approximately 3%, underpinning resilience with over 70% of sales from noncyclical reroofing.
- Successful execution of strategic initiatives, including traction in data centers and new product launches like ThermaThin 7 polyiso insulation.
- Increased full-year share repurchase target to $1.2 billion, reflecting strong cash generation and commitment to shareholder returns.
- Adjusted EBITDA margin declined 70 basis points to 26.2% due to raw material and freight cost inflation outpacing pricing realization.
- Negative price-cost impact of approximately $40 million in CCM during Q2, with margins expected to remain pressured until Q4.
- Continued softness in new construction markets, with commercial new construction declining mid-single digits and no recovery assumed for 2026.
- Supply chain disruptions and force majeure events from the Middle East conflict led to elevated costs and MDI supply constraints.
- CWT segment margins down 90 basis points year-over-year, with residential and nonresidential new construction end markets remaining weak.
Good afternoon. My name is Rebecca, and I will be your conference call operator today. At this time, I would like to welcome everyone to the Carlisle Companies second quarter 2026 earnings conference call. (Operator Instructions)
I will now hand the conference over to Mr. Mehul Patel, Carlisle's Vice President of Investor Relations. Mehul, please go ahead.
Second quarter 2026 earnings call. I'm Mehul Patel, Vice President of Investor Relations. We released our second quarter financial results earlier today, and you can find both our press release and the presentation for today's call in the Investor Relations section of our website.
Joining me today are Chris Koch, our Board Chair, President and CEO; and Kevin Zdimal, our CFO. Today's call will begin with Kevin, who will walk through our Q2 financial performance and updated full year 2026 outlook. Chris will then follow with closing remarks and an overview of our long-term value creation strategy. Following our prepared
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