USA: Carlisle Companies Reports Record Results
Carlisle Companies Incorporated (NYSE:CSL) reported record third quarter sales of $444 million and record third quarter net earnings of $28.2 million, or $0.92 per share (diluted). The industrial components segment was the primary contributor to the sales and earnings improvement. For the nine-months ended September 30, 2000, sales of $1.4 billion were up 12% over 1999 year-to-date sales of $1.2 billion, and net earnings of $85.6 million were up 15% over the same period of 1999. Acquisitions made by Carlisle Tire & Wheel and Carlisle Systems & Equipment were the primary contributors to the sales and net earnings gains on a year-to-date basis. In addition, the Company continued to implement productivity improvements throughout its operations, evidenced by the faster rate of growth in earnings.
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