Key Highlights

● Results are due after the close on October 28, with a 5 p.m. Eastern call.

● Second quarter revenue hit a record $1.57 billion and adjusted EPS reached $7.03.

● Margins narrowed in both segments as raw material and freight inflation outpaced pricing.

● Share retirement was $500 million in the first half, with a $1.2 billion full-year plan.

Carlisle Companies (NYSE:CSL), a maker of commercial roofing and building envelope products, is scheduled to release third quarter results today, Wednesday, October 28, after the market close. The company said it would host a conference call at 5 p.m. Eastern time, available through its website.

Third quarter figures had not yet been reported, so the focus is on what Carlisle has already disclosed. The second quarter report, published on July 29, set a record for revenue and adjusted earnings per share but also showed lower margins in both of its operating segments. Management also raised its full-year revenue guidance while saying it does not assume a near-term recovery in new construction.

For comparison, in the third quarter of 2025, Carlisle reported sales of about $1.35 billion and diluted earnings per share of $4.98, according to the company's results. Those figures form the year-earlier base for the numbers to be reported tonight.

When Does Carlisle Companies Release Third Quarter Results?

The company announced that it would release its third quarter 2026 results on Wednesday, October 28, after the close of trading. A webcast of the conference call, starting at 5 p.m. Eastern time, is available on the events and presentations page of the Carlisle website, and a replay will be posted afterward.

The announcement identified the two operating businesses that the company reports separately: Carlisle Construction Materials, which makes commercial roofing and related products, and Carlisle Weatherproofing Technologies, which focuses on weatherproofing and building envelope solutions. Carlisle describes its capital deployment approach as balanced, and its release restated a long-term commitment to reach net-zero greenhouse gas emissions by 2050.

What Did Carlisle Companies Report For The Second Quarter?

According to the company's July 29 release, second quarter revenue was a record of about $1.57 billion, an increase of about 8%. Diluted earnings per share from continuing operations were $6.36, up about 8%, while adjusted earnings per share were $7.03, a record that was up about 12%.

Operating margin was 22.4%, down about 70 basis points. Adjusted EBITDA was about $412 million, up about 6%, with a margin of 26.2%, also down about 70 basis points. For the first six months, revenue was about $2.62 billion, up about 3%.

The pattern is revenue growing faster than earnings, a combination that points to cost pressure. The company recorded a small loss from discontinued operations of about $2.5 million, and announced no divestitures in the release. The second quarter therefore combined record top-line and adjusted earnings per share with narrower margins.

Per-share results also reflect the share count, which has fallen as the company retired stock. That helps explain why adjusted earnings per share rose about 12% while adjusted EBITDA rose about 6%. Market participants usually look at both measures together, along with the operating margin, to separate genuine operating improvement from the effect of a smaller share base.

How Are The Two Carlisle Companies Segments Performing?

Carlisle Construction Materials produced revenue of about $1.18 billion in the second quarter, up about 8%, all of it organic. Adjusted EBITDA was about $363 million, a margin of 30.7%, down about 90 basis points. The company said raw material and freight inflation outpaced pricing during the period.

Carlisle Weatherproofing Technologies had revenue of about $389 million, up about 10%, with organic growth of about 8%. Adjusted EBITDA was about $74 million, a margin of 19%, down about 90 basis points. Management said share gains offset softness in new construction.

The difference in margin levels between the two segments is notable. Construction Materials carries margins above 30%, reflecting its position in commercial roofing, while Weatherproofing Technologies operates at a lower margin and has been growing faster. Both saw margins slip by the same amount, which points to a common cause in input costs and the timing of price increases.

What Full-Year Guidance Has Carlisle Companies Given?

After the second quarter, Carlisle raised its full-year revenue guidance to mid-single-digit growth for both segments. It kept the adjusted EBITDA margin guidance flat versus the prior year, which implies that second half margins need to improve relative to the first half's narrowing if the full-year figure is to be flat.

Chief executive officer Chris Koch said, according to the release, that the guidance does not assume a near-term recovery in new construction markets. That statement is useful because it separates what management expects from the company's own initiatives from any cyclical rebound in building activity.

Koch also said that pricing realization typically lags cost inflation, which is how the company explained the margin pressure. If that framing is accurate, price increases implemented during the year should catch up with input costs, supporting margins in later quarters. Whether that happens fast enough is among the questions that tonight's report and call should help answer.

The distinction between organic and reported growth is also relevant. In the second quarter, Construction Materials growth was entirely organic, while Weatherproofing Technologies showed organic growth slightly below its reported rate, which indicates a small contribution from acquisitions or other items. Tonight's release should again separate the two, and the difference matters for judging how much of growth depends on deals.

How Much Of Carlisle Companies Demand Depends On Reroofing Versus New Construction?

A defining feature of Carlisle is that much of its commercial roofing demand comes from replacement and maintenance, not from new buildings. Roofs have finite lives, and building owners must replace or repair them regardless of the pace of new development. This gives the business a base of demand that is less sensitive to the construction cycle than the housing or office development pipeline.

New construction still matters. Warehouses, data centers, healthcare facilities and schools generate demand for roofing and building envelope products. Management said in July that the new construction market remained soft, with Weatherproofing Technologies benefiting from share gains that offset the softness.

For tonight's report, the mix between replacement activity and new construction is one of the items to listen for on the call. A larger replacement share would support volumes even without new building starts, while any sign of new project activity would be an additional factor that management has not built into guidance.

Why Did Carlisle Companies Raise Its Share Retirement Plan?

Carlisle said it retired about $250 million of its shares in the second quarter and about $500 million in the first six months. It also increased the planned amount for the full year to $1.2 billion. The company has long emphasized capital deployment that combines acquisitions, internal spending and share retirement.

A larger share retirement plan reduces the share count, which can lift earnings per share even when net earnings are flat. That mechanical effect is one reason adjusted earnings per share can grow faster than revenue, and it should be weighed alongside operating results when reading per-share figures.

The plan is a statement of intent. The pace depends on cash flow, acquisition timing and market conditions, and the company can adjust it. The third quarter amount had not yet been reported, and the figure will be among the capital deployment details in the filing.

What Does The Year-Earlier Third Quarter Show About The Carlisle Companies Comparison Base?

In the third quarter of 2025, Carlisle reported sales of about $1.35 billion compared with about $1.33 billion a year earlier. Net earnings were about $214 million, down from about $244 million, and diluted earnings per share from continuing operations were $4.97, down from $5.30.

For the first nine months of that year, sales were about $3.89 billion. Those results reflected a period in which volumes were broadly stable, but earnings had slipped as costs rose faster than prices. The second quarter of this year showed a sharper revenue increase from that base.

Comparisons are complicated by the company's portfolio changes, which led it to report continuing operations separately from discontinued ones. Reported totals can include one-time items, so the continuing operations line and the adjusted figures are the cleaner comparison.

Which Costs Matter Most To Carlisle Companies Margins?

The company identified raw materials and freight as the main sources of cost pressure. Roofing membranes and insulation depend on petrochemical inputs, and prices for those inputs move with oil, natural gas and supply conditions. Freight costs, meanwhile, reflect fuel prices and trucking capacity.

Tariffs are another source of uncertainty for building products makers, as some components and materials are imported. The release does not quantify tariff effects. Management has said previously that it manages costs through pricing, productivity and sourcing changes.

Labor and overhead also matter, though the company has pointed to operational discipline as a theme. Chief executive officer Chris Koch referred to a relentless focus on execution and operational discipline in the July release. Tonight's report will show whether those efforts offset the input cost pressure in the third quarter.

Cash conversion is another detail to watch. The company typically reports operating cash flow and capital spending alongside earnings, and strong conversion would support the planned pace of share retirement. If working capital absorbs cash because of higher material costs, the pace could be adjusted, and management would likely address that on the call.

What Will Frame The Carlisle Companies Conference Call Tonight?

Several items will draw attention. Revenue growth in each segment relative to the mid-single-digit full-year guidance is the first. Margin trends in Construction Materials and Weatherproofing Technologies are the second, especially whether the 90 basis point declines narrowed. Adjusted earnings per share compared with the year-earlier base and the second quarter record is the headline measure.

Management commentary on pricing actions, order backlogs and the pace of reroofing demand will provide direction for the fourth quarter. The share retirement pace and any acquisition news will also be reviewed, as will the cash flow figures that the company publishes alongside earnings.

If the company changes its full-year range, the call will explain whether the change comes from volumes, pricing, costs or the timing of share retirement, which helps separate temporary effects from lasting ones.

What Uncertainties Surround Carlisle Companies After A Record Second Quarter?

A record top line does not eliminate challenges. Margins fell in both segments, new construction remains soft, and management itself says there is no near-term recovery in its guidance. Interest rates affect commercial construction financing, and project delays can push orders into later periods.

Input cost inflation is a continuing variable. If pricing continues to lag costs, the flat margin guidance becomes harder to reach, while a sharp drop in raw materials could temporarily widen margins before price concessions follow.