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Carlisle Companies Inc (CSL) SEC Filing 10-K Annual Report for the fiscal year ending Saturday, December 31, 2022

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Carlisle Companies Inc

HISTORY TOOLS
CIK: 790051 Ticker: CSL
Exhibit 99.1

PRESS RELEASE
next100yearssmallaq12020a.jpg

2/7/23

Carlisle Companies Reports Record Fourth Quarter and Full Year 2022 Results

SCOTTSDALE, ARIZONA, February 7, 2023 - Carlisle Companies Incorporated (NYSE:CSL) today announced its fourth quarter 2022 financial results.

•Reported record fourth quarter results
◦Revenue of $1.5 billion, increased 5.7% year-over-year
◦GAAP Diluted EPS of $3.44 and Adjusted Diluted EPS of $3.92, increased 34%
•Reported record full year 2022 results
◦Revenue of $6.6 billion, increased 37% year-over-year
◦GAAP Diluted EPS of $17.58 and Adjusted Diluted EPS of $20.01, increased     112%
•Repurchased 770 thousand shares for $199 million in the quarter, totaling $400 million for full year 2022
•Issued a broad-based equity grant to employees, the third such grant in the past 13 years
•Announced commitment to achieve Net-Zero greenhouse gas (GHG) emissions by 2050

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

"2022 was a remarkable year for the entire Carlisle team. In addition to delivering record fourth quarter sales of $1.5 billion, we also delivered record annual sales of $6.6 billion, surpassing $6 billion of sales for the first time in our over one hundred year history. We further delivered a record Adjusted Diluted EPS of $3.92 in the quarter, an increase of 34% year-over-year.

2022 also marked a key milestone in our Vision 2025 journey as we delivered $17.58 of GAAP EPS for the year, exceeding our primary goal of generating $15 GAAP EPS for our shareholders. Our achievements in 2022 would not have been possible without the hard work of the entire Carlisle team, and the clarity of mission that Vision 2025 has provided since its launch in 2018.

The past three years have been one of the most challenging operating environments in over a decade. By staying focused on our vision, delivering on our key initiatives, and developing exceptional talent globally, we continue to execute on our plans, staying focused on the key pillars of Vision 2025. These pillars include: driving greater than 5% organic revenue growth annually, utilizing the Carlisle Operating System to drive efficiencies and operating leverage, reshaping the portfolio with synergistic acquisitions and strategic divestitures, investing in and developing exceptional talent and deploying over $3 billion into capital expenditures, share repurchases, and dividends.

These pillars support the foundation of Carlisle's culture of a diversified workplace, decentralized management style, entrepreneurial spirit and a culture of continuous improvement. Taken together, they drove the accelerated achievement of Vision 2025, and will continue to guide our value-creation in 2023 and beyond.

The fourth quarter of 2022 played out much as we expected. Supply chain conditions continued to improve, while the broader economy returned to a less frenetic environment, enabling our channel partners to settle into a more normalized buying cadence. While this normalization is occurring during our seasonally soft fourth and first quarters that can be heavily influenced by inclement weather, we believe strong long-term underlying fundamentals remain, including solid re-roofing demand and an increased focus on the energy efficiency of buildings.


The following information was filed by Carlisle Companies Inc (CSL) on Tuesday, February 7, 2023 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 - 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)
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 - Basis Of Presentation, 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: 0000790051-23-000044
Submitted to the SEC: Thu Feb 16 2023 2:21:43 PM EST
Accepted by the SEC: Thu Feb 16 2023
Period: Saturday, December 31, 2022
Industry: Fabricated Rubber Products

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