The 2020 Mid-Year Economic Update_long

Carlisle Companies Sales Up 9.1% in 1Q

Interconnect technology sales were up 29 percent in 1Q.

Carlisle Companies Inc. (NYSE: CSL), Charlotte, NC, reported sales for the first quarter of $709.3 million, up 9.1 percent from the previous year, with the acquisition of LHi Technology in the interconnect technologies segment contributing 3.9 percent. Profit increased 10.1 percent to $39.4 million.

Interconnect technology sales were up 29 percent, reflecting organic growth of 12 percent and acquisition growth of 17 percent.

Construction materials sales for the quarter increased 6.9 percent year-over-year and brake and friction sales increased 6.3 percent, while food service product sales decreased 4.5 percent.

"We achieved strong organic sales growth of 7.4 percent in the first quarter led by excellent sales performance at CIT and Carlisle Construction Materials," said CEO David A. Roberts.

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