What factors drove the changes in Carlisle Companies's revenue and profit?

What is Carlisle Companies's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Carlisle Companies year over year?

What guidance did Carlisle Companies's management provide for the next earnings period?

What were the key takeaways from Carlisle Companies’s earnings call?

What were the key takeaways from Carlisle Companies's earnings call?

Did Carlisle Companies beat or miss consensus estimates last quarter?

What is Carlisle Companies's gross profit margin?

- **Q3 Financials**: Revenue $1.3B (+1% YoY), Adjusted EBITDA $349M (25.9% margin). CCM stable at $1B, CWT up 3% YoY.
- **Strategic Moves**: $1B+ cash flow supports $1.3B share buybacks, 10% dividend hike. Innovation pipeline targets 25% new product revenue by 2030.
- **Challenges**: New construction weakness (-8% CWT organic), distribution volatility, and 1260bps margin decline in CCM.
- **2026 Outlook**: Hopeful for macro recovery, with M&A and innovation driving long-term growth.

**【CEO Summary Section】**
- **Revenue Performance**: Q3 revenue of $1.3 billion, up 1% YoY, driven by strategic acquisitions (e.g., Plasti-Fab, ThermaFoam, Bonded Logic) contributing $39 million. Organic revenue declined 2% due to soft new construction and distribution challenges.
- **Segment Highlights**: CCM (Commercial Roofing & Materials) revenue flat YoY at $1 billion, with reroofing demand stable at 70% of commercial roofing revenue. CWT (Construction Materials & Technology) revenue up 3% YoY, but organic down 8% due to market softness.
- **Strategic Initiatives**: 
  - **Innovation**: New products like RapidLock and APEEL gaining traction, targeting 25% of revenue from new products by 2030.
  - **M&A**: Completed $1 billion bond issuance to support M&A pipeline, targeting 2-3 bolt-on acquisitions annually.
  - **Capital Allocation**: $1 billion in share buybacks (revised target to $1.3 billion) and 10% dividend increase, reflecting $1 billion+ annual free cash flow.
- **Challenges**: Ongoing macroeconomic headwinds (higher interest rates, labor shortages) and distribution channel volatility, particularly from M&A integration.

**【CFO Financial Commentary】**
- **Financial Results**: Adjusted EBITDA of $349 million (25.9% margin), down 170bps YoY due to volume deleverage and cost inflation. CCM margin 30.2% (down 1260bps) and CWT margin 17.4% (down 330bps).
- **Guidance Update**: Full-year 2025 revenue expected flat YoY, with adjusted EBITDA margin down 250bps. Q4 EBITDA margin ~21% due to volume deleverage.
- **Liquidity**: $1.1 billion cash and $1 billion revolver, with net debt-to-EBITDA ratio 1.4x, within target range.

**【Q&A Highlights】**
- **Distribution & Destocking**: Q4 destocking normal seasonal pattern (~1.5-2 months inventory), with potential longer-term resolution of M&A-related distribution issues in 2026.
- **Carlisle Experience**: Net Promoter Scores improving, with investments in 24/7 customer service and real-time shipment tracking.
- **Investments**: R&D spending focused on VOC (Voice of Customer) insights and automation, with CapEx up 30% YoY to $130 million.
- **Pricing & Market Share**: CCM pricing flat in Q3, CWT pricing down <1%. No long-term market share shifts despite temporary distribution challenges.
- **2026 Outlook**: Hopeful for macroeconomic recovery, with potential pricing upside if new construction demand resumes.

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