The 10-second takeaway
For the quarter ended March 31 (Q1), Carlisle beat expectations on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Margins improved across the board.
Carlisle logged revenue of $889.3 million. The one analyst polled by S&P Capital IQ expected sales of $787.7 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $693.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.94. The six earnings estimates compiled by S&P Capital IQ forecast $0.60 per share. GAAP EPS of $0.94 for Q1 were 77% higher than the prior-year quarter's $0.53 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.7%, 210 basis points better than the prior-year quarter. Operating margin was 10.8%, 160 basis points better than the prior-year quarter. Net margin was 6.7%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $989.2 million. On the bottom line, the average EPS estimate is $1.11.
Next year's average estimate for revenue is $3.57 billion. The average EPS estimate is $3.68.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 219 members out of 230 rating the stock outperform, and 11 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Carlisle a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carlisle is outperform, with an average price target of $56.83.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.