Carlisle Companies Inc. (NYSE: CSL), Charlotte, NC, reported full year sales for 2014 of $3.2 billion, an increase of 8.9 percent from the previous year, with a 7.9 percent increase in organic sales. Profit increased 7 percent to $251.7 million.
Sales for the fourth quarter were $790 million, an increase of 9.1 percent year-over-year, with organic sales up 6 percent. Profit decreased 12 percent to $53.2 million.
Construction materials sales for the quarter increased 5.1 percent and interconnect technology sales were up 34 percent. Brake and friction sales decreased 5.2 percent in the quarter and foodservice product sales were down 1.5 percent.
“During 2014, we also continued our transformation into becoming a manufacturer of high margin products with the October 1, 2014 acquisition of LHi, which supplies products to the medical technology market, and our pending acquisition of the Liquid Finishing Brands business from Graco Inc.," said CEO David A. Roberts.
