Carlisle Companies Inc. (NYSE: CSL), Charlotte, NC, reported from continuing operations grew 28 percent to $889.3 million in the first quarter of 2012 versus the prior year. Profit increased 80 percent to $60 million.
We Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
Organic sales grew 22 percent with 34 percent organic growth at Carlisle Construction Materials, 29 percent organic growth at Carlisle Interconnect Technologies and double-digit organic growth at Carlisle Brake & Friction and Carlisle Transportation Products. Acquisitions in the Interconnect Technologies and Construction Materials segments contributed 6 percent to sales in the first quarter.
Roberts concluded by stating, \”Our strong first quarter results reflect the actions we’ve taken to focus on growth in higher margin businesses, moving us closer to our long term goals of $5 billion in revenue, 30 percent global sales, 15 percent margin, 15 percent working capital as a percent of sales and 15 percent ROIC,\” said David A. Roberts, president and CEO. \”We are expecting a very good 2012 with sales growth in the mid-teens, including acquisitions, and continued margin improvement over last year. We plan to make significant investments in our businesses and target capital expenditures to be approximately $120 million this year.\”