Carlisle Companies Sales Increase 5.9% in 4Q

Carlisle Companies profit jumps 37% in 4Q.

Carlisle Companies Inc. (NYSE: CSL), Charlotte, NC, reported full year sales for 2013 of $2.9 billion, an increase of 3.2 percent from the previous year, with a slight decrease in organic sales. Profit increased 2.8 percent to $235.2 million.

Sales for the fourth quarter were $724 million, an increase of 5.9 percent year-over-year, with organic sales up 2.8 percent. Profit increased 37 percent to $60.2 million.

Carlisle Construction Materials sales for the quarter increased 6.1 percent year-over-year, reflecting growth in the commercial construction market. Carlisle Interconnect Technology sales were up 17 percent, reflecting the acquisition of Thermax/Raydex. Carlisle Brake and Friction sales decreased 8.3 percent in the quarter, while Carlisle Food Service product sales were up 3.3 percent.

“We completed 2013 with record net sales and strong performance from three of our four segments," said David A. Roberts, CEO of Carlisle Companies Inc. "Equally important, we accomplished a critical step in our company transformation with the sale of Transportation Products at the end of the year for $373 million of proceeds."

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