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Carlisle Companies Inc. (NYSE: CSL), Charlotte, NC, reported fourth-quarter sales of $626.9 million, up 20 percent over the same period a year ago. Organic sales increased 16 percent. Profit fell 10 percent to $32.2 million.
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For the full year, sales were $2.53 billion, up 12 percent over 2009. Organic sales grew 9 percent. Profit improved 1 percent to $145.6 million.
In the Construction Materials segment, sales increased 16 percent in the fourth quarter to $306.5 million. EBIT declined 11 percent to $34.4 million.
Transportation Products segment sales increased 14 percent to $146.4 million, led by increased in the agriculture and construction product line and the power transmission belt business. EBIT improved to $0.3 million in the fourth quarter of 2010 from a loss of $6.1 million in the prior year period.
In the Brake & Friction segment, fourth quarter 2010 sales increased 158 percent to $51.4 million, and EBIT was a loss of $10.7 million compared to a loss of $2.5 million during the prior year period. The acquisition of Hawk in the fourth quarter contributed $21.6 million to net sales.
Interconnect Technologies fourth quarter sales increased 20 percent to $65.5 million. The company experienced a 25 percent increase in demand for its aerospace applications as well as increases in military orders for its RF microwave products. EBIT increased 242 percent to $8.9 million.
FoodService Products sales declined 1.9 percent to $57.1 million in the fourth quarter. EBIT declined 16 percent to $5.3 million.
Carlisle Companies Inc. is a global diversified manufacturer of products that serve commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare markets.