Carlisle Companies Earnings: Everything You Must Know Now

Carlisle Companies Inc. (NYSE:CSL) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Carlisle Companies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 17.99% to $1.14 in the quarter versus EPS of $1.39 in the year-earlier quarter.

Revenue: Rose 1.17% to $996.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Carlisle Companies Inc. reported adjusted EPS income of $1.14 per share. By that measure, the company missed the mean analyst estimate of $1.34. It missed the average revenue estimate of $1.02 billion.

Quoting Management: David A. Roberts, Chairman, President and Chief Executive Officer, said, “For the second quarter of 2013, our results were again challenged by the significant decline in the global off-highway equipment market, continued weather related headwinds in certain key markets as well as negative price realization within our Construction Materials segment, which enjoyed very favorable price realization last year. As a result, organic sales were down slightly this quarter and our EBIT (earnings before interest and taxes) of $122.5 million, excluding the pre-tax impairment charge, declined by 13% versus last year.”

Key Stats (on next page)…

Revenue increased 16.23% from $857 million in the previous quarter. EPS increased 34.12% from $0.85 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.32 to a profit $1.28. For the current year, the average estimate has moved down from a profit of $4.53 to a profit of $4.44 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)