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CSL · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Carlisle Companies, Inc. (CSL) stock moving?
Carlisle beat Q3 2026 expectations, with adjusted EPS of $5.92 (up 6% year over year) on revenue of $1.5B (up 9%). Both segments grew faster than their markets, CCM on data center traction and re-roofing demand and CWT on share gains. Adjusted EBITDA margin of 23.8% fell year over year because petroleum-derived input and freight costs rose sharply after renewed Middle East escalation. Management says pricing lags costs and expects the margin gap to close through Q4 and into 2027, and its Q4 outlook calls for high-single-digit revenue growth with flat adjusted EBITDA margin. The dividend was raised 14%, the 50th straight annual increase. The stock jumped 7.6% on Oct 29 on 690,630 shares, about twice the typical daily volume, then rose to a 30-day high of 409.6 on Nov 4. It pulled back to a 375.74 close on Nov 6 and recovered to 395.23 on Nov 10, a gain of about 14.5% from the Oct 28 close of 345.21. Volume has eased since the earnings spike, and the margin pressure from input costs remains the main open question.
News behind the analysis
- Carlisle Companies Q3 Adj. EPS $5.92 Beats $5.89 Estimate, Sales $1.463B Beat $1.425B EstimateCarlisle reported Q3 adjusted EPS of $5.92 versus a $5.89 estimate and sales of $1.463B versus a $1.425B estimate. Revenue grew 9% year over year.
- Carlisle Companies Q3 2026 Earnings Call TranscriptThe transcript of the Q3 2026 earnings call, covering the quarter's results and management commentary on pricing, input costs and the fourth-quarter outlook.
- Carlisle Companies Incorporated Declares Regular Quarterly DividendThe Board declared a quarterly dividend of $1.25 per share, part of a 14% dividend increase that marks the company's 50th consecutive annual increase.
About Carlisle Companies, Inc.
Carlisle Companies is a Scottsdale, Arizona-based supplier of building envelope products, such as commercial roofing, insulation and waterproofing, that help make buildings more energy efficient. It was founded in 1917 and has slimmed down from a diversified conglomerate into a focused building products company, and it has raised its dividend for 50 years in a row.
How it makes money
It makes money by selling building materials through two segments. Carlisle Construction Materials (CCM) makes up roughly three-quarters of revenue and sells commercial roofing systems, membranes and insulation. Carlisle Weatherproofing Technologies (CWT) makes up roughly a quarter and sells air and water barriers, sealants, coatings and other weatherproofing products, including the Henry brand. Much of its demand comes from re-roofing and replacing existing roofs, not new construction. Quarterly revenue was roughly $1.5 billion in Q3 2026.
What usually moves CSL
- Commercial re-roofing and replacement demand
- Commercial new construction activity
- Pricing versus raw material costs
- Energy-efficiency building codes
- Share buybacks and acquisitions