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Home » Carlisle Companies Sales Down 15% in Fourth Quarter

Carlisle Companies Sales Down 15% in Fourth Quarter

By    MDM  Staff 
February 3, 2010
More about:  Electrical/Electronics,  Industrial
Organic sales for the diversified manufacturer were down 17% in the quarter.
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Carlisle Companies Inc. (NYSE: CSL), Charlotte, NC, reported sales of $555.2 million for the fourth quarter, down 15% from fourth quarter 2008. Sales were down across all segments, with organic sales decreasing by 17%. Profit was $35.9 million, compared to $13.7 million a year ago.

For 2009, sales were down 23% to $2.38 billion. Profit was $144.6 million, compared to $55.8 million in 2008.

Construction Materials fourth quarter sales declined 12% to $263.7 million, and Earnings Before Interest and Income Taxes (EBIT) increased 82% to $38.7. The decrease in sales was across all major product lines and is consistent with declines in the overall non-residential construction industry.

Fourth quarter sales for Engineered Transportation Solutions declined 18% to $148.0 million, and an EBIT loss of $8.6 million compared to an EBIT loss of $2.2 million for the same period in 2008. Sales were down in all markets in this segment with the most significant declines in the agriculture and construction markets.

Interconnect Technologies reported a fourth quarter sales increase of 6.3% to $54.4 million, while EBIT declined to $2.6 million from $7.5 million for the same period in 2008.

FoodService Products fourth quarter sales declined 6.4% to $58.2 million, and EBIT increased to $6.3 million.

Specialty Products fourth quarter sales declined 46% to $30.9 million, and EBIT was a loss of $0.7 million as compared to a positive EBIT of $7.9 million for the same period in 2008. The decrease in fourth quarter 2009 sales and EBIT was primarily attributable to weak sales in the specialty trailer market.

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