Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares construction materials supplier Carlisle (NYSE: CSL) climbed as high as 12% on Tuesday after its quarterly results and guidance easily topped Wall Street expectations.

So what: Carlisle's first-quarter beat was so wide -- adjusted EPS of $0.94 on revenue of $889.3 million versus Wall Street's view of $0.61 and $793.5 million -- that analysts have no choice but to raise their valuation estimates. Strong sales, higher prices, and cost savings are all working to boost margins as well, giving investors plenty of optimism over its profitability going forward.

Now what: Based on those favorable trends, management reaffirmed its longer-term financial objectives. "Our strong first-quarter results reflect the actions we've taken to focus on growth in higher-margin businesses, moving us closer to our long-term goals of $5 billion in revenue, 30% global sales, 15% margin, 15% working capital as a percent of sales, and 15% ROIC," said Chairman and CEO David Roberts. With the stock still trading at a reasonable forward P/E of 12, there might even be time to buy into that bullishness.

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