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Carlisle Companies Inc (CSL) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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Carlisle Companies Inc

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CIK: 790051 Ticker: CSL

Exhibit 99.1
PRESS RELEASE
next100yearssmallaq12020.jpg

2/10/22

Carlisle Companies Reports Record Fourth Quarter Results

SCOTTSDALE, ARIZONA, February 10, 2022 - Carlisle Companies Incorporated (NYSE:CSL) today announced its fourth quarter and full year 2021 financial results.

•Generated record fourth quarter revenues of $1.4 billion, up 26.4% organically year-over-year
•CCM delivered record revenues and profitability despite supply chain disruptions and with proactive pricing actions offsetting inflation
•Reported record fourth quarter GAAP Diluted EPS of $2.46 and Adjusted Diluted EPS of $2.92, a 60% increase from prior year
•CIT and CFT bookings and backlog returning to pre-pandemic levels
•Henry integration exceeding expectations with synergies tracking above original $30 million target, driving Adjusted Diluted EPS accretion of $1.50+ in 2022, up from $1.25 in original plan
•Share repurchases continued in the fourth quarter, totaling 1.9 million shares for $316 million for the full year 2021

Comments from Chris Koch, Chairman, President and Chief Executive Officer

"I am extremely pleased with the outstanding performance delivered by our entire Carlisle team in the fourth quarter. This performance would not have been possible without the team's resilience and perseverance, which has been demonstrated since the beginning of this pandemic. This resilience and perseverance is rooted in our entrepreneurial and continuous improvement culture, and is guided by the clarity of mission that Vision 2025 provides. Despite significant challenges, including supply chain turmoil and raw material inflation, our team delivered record revenues, record Adjusted EBITDA, and record Adjusted Diluted EPS in the fourth quarter of 2021.

Entering 2021, we maintained a resolute conviction in the strength of underlying and pent up re-roofing and new construction demand, and labor constraints in the channel. Based on this conviction, our teams proactively managed price, successfully secured raw materials, built inventory and maintained appropriate staffing levels, all in an effort to continue to deliver the Carlisle Experience to our customers and channel partners. As a result, we were able to deliver on our goal of price/cost neutrality for the full year.

Fourth quarter and full year 2021 results were even more satisfying given the severe demand fluctuations and continued pandemic influenced operating conditions throughout 2021. In contrast to the steep declines of 2020, we entered a period of accelerating demand recovery from the middle of 2021. There is no doubt the past two years have been very difficult for everyone on personal and professional levels, yet our teams have overcome these difficulties, rising to the challenge every time - the fourth quarter was no different.

Vision 2025 continues to provide the Carlisle team with the clarity to know who we are and what we are trying to achieve. It is this clarity, coupled with our teams’ resilience, that gave us the confidence that we would emerge from the economic pressures of 2020 in a stronger position as a company, significantly closer to our goal of delivering over $15 of earnings per share by 2025.

When Vision 2025 was introduced, we committed to a leaner, more focused portfolio and a pivot towards

The following information was filed by Carlisle Companies Inc (CSL) on Thursday, February 10, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Carlisle Companies Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income And Comprehensive Income
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Accrued And Other Current Liabilities
Accrued And Other Current Liabilities (Details)
Accrued And Other Current Liabilities (Tables)
Accrued And Other Current Liabilities - Product Warranties (Details)
Acquisitions
Acquisitions (Details)
Acquisitions (Tables)
Acquisitions - Assets Acquired And Liabilities Assumed (Details)
Acquisitions - Definite-Lived Intangible Assets (Details)
Acquisitions - Pro Forma Information (Details)
Commitment And Contingencies - Lease Assets And Lease Liabilities (Details)
Commitment And Contingencies - Lease Costs (Details)
Commitment And Contingencies - Lease Term And Discount Rate (Details)
Commitment And Contingencies - Maturity Of Lease Liabilities (Details)
Commitment And Contingencies - Supplemental Cash Flow Information(Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Leases (Details)
Discontinued Operations
Discontinued Operations (Details)
Discontinued Operations (Tables)
Discontinued Operations - Balance Sheet (Details)
Discontinued Operations - Results From Discontinued Operations (Details)
Discontinued Operations - Summary Of Cash Flows From Discontinued Operations (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Defined Benefit Plans (Details)
Employee Benefit Plans - Fair Value Measurements (Details)
Employee Benefit Plans - Net Periodic Benefit Cost And General Information (Details)
Employee Benefit Plans - Workers' Compensation And Related Losses (Details)
Exit And Disposal Activities
Exit And Disposal Activities (Details)
Exit And Disposal Activities (Tables)
Exit And Disposal Activities - Components Of Exit And Disposal Activities (Details)
Exit And Disposal Activities - Exit And Disposal Activity Liability (Details)
Financial Instruments
Financial Instruments (Details)
Financial Instruments (Tables)
Financial Instruments - Accumulated Other Comprehensive Income (Loss) (Details)
Goodwill And Other Intangible Assets, Net
Goodwill And Other Intangible Assets, Net (Tables)
Goodwill And Other Intangible Assets, Net - Changes In The Carrying Amount Of Goodwill (Details)
Goodwill And Other Intangible Assets, Net - Net Carrying Value Of Other Intangibles (Details)
Goodwill And Other Intangible Assets, Net - Other Intangibles And Amortization (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Balance Sheet Location For Deferred Items And Unrecognized Tax Benefits (Details)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Pre-Tax Income And Provision (Details)
Income Taxes - Tax Examinations (Details)
Inventories (Details)
Inventories (Tables)
Inventories, Net
Long-Term Debt
Long-Term Debt (Details)
Long-Term Debt (Tables)
Other Long-Term Liabilities
Other Long-Term Liabilities (Details)
Other Long-Term Liabilities (Tables)
Property, Plant And Equipment, Net
Property, Plant And Equipment, Net (Tables)
Property, Plant, And Equipment, Net (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Contract Balances (Details)
Revenue Recognition - Remaining Performance Obligation (Details)
Revenue Recognition - Timing Of Revenue Recognition And Reconciliation Of Disaggregate Revenue (Details)
Segment Information
Segment Information (Tables)
Segment Information - Net Sales And Long-Lived Assets (Details)
Segment Information- Financial Information For Operations (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Stock Award Information And Fair Value Assumptions (Details)
Stock-Based Compensation - Vesting And Deferred Compensation Plan (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Accounting Policies
Summary Of Accounting Policies (Policies)
Summary Of Accounting Policies (Tables)
Summary Of Accounting Policies - Allowance For Doubtful Accounts (Details)
Summary Of Accounting Policies - Extended Product Warranty Contracts And Pension (Details)
Summary Of Accounting Policies - Machinery And Equipment (Details)
Summary Of Accounting Policies Summary Of Accounting Policies - Goodwill And Other Intangible Assets (Details)
Ticker: CSL
CIK: 790051
Form Type: 10-K Annual Report
Accession Number: 0000790051-22-000061
Submitted to the SEC: Thu Feb 17 2022 2:46:07 PM EST
Accepted by the SEC: Thu Feb 17 2022
Period: Friday, December 31, 2021
Industry: Fabricated Rubber Products

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