Carlisle Companies Incorporated · NYSE:CSL
Carlisle Companies — Q2 2026 Earnings Presentation
18 slides from Carlisle Companies's earnings presentation, Jul 29, 2026
Slide 1: Second Quarter 2026 Earnings Call
Second Quarter 2026 Earnings Call July 29, 2026
Slide 2: Forward Looking Statements & Non-GAAP Financial Measures
Forward Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, about our expectations, plans, objectives, future financial performance and other matters that are not historica
Slide 3: Second Quarter 2026 Overview
Second Quarter 2026 Overview Record financial results reflect relentless focus on execution and operational discipline • Generated record revenue, up 8% year-over-year $1.6B • Resilient margins despite significant cost inflation Revenues • Record adj. EPS, up 12% year-over-year 26.2% • Repurchased $
Slide 4: Second Quarter 2026 Results
Second Quarter 2026 Results Record revenue and EPS reflect strong execution amid inflation pressure Revenue Adj. EBITDA Margin* Adj. EPS* +8% (+8% Organic*) -70 bps +12% $1,570M 26.9% $7.03 26.2% $6.27 $1,450M 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 • Healthy re-roofing demand • Raw material and freight • Hig
Slide 5: Carlisle Construction Materials (CCM) Segment Results
Carlisle Construction Materials (CCM) Segment Results Healthy re-roofing demand and strong commercial execution drive record revenue Revenue Adj. EBITDA* Adj. EBITDA Margin* +8% (+8% Organic*) +5% -90 bps $1,181M $346M $363M 31.6% 30.7% $1,096M 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 Notable Revenue Drivers:
Slide 6: Carlisle Weatherproofing Technologies (CWT) Segment Results
Carlisle Weatherproofing Technologies (CWT) Segment Results Execution drives growth while efficiency initiatives build momentum Revenue Adj. EBITDA* Adj. EBITDA Margin* +10% (+8% Organic*) +5% -90 bps $389M $71M $74M 19.9% 19.0% $354M 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 Notable Revenue Drivers: • Solid ex
Slide 7: Second Quarter 2026 Liquidity
Second Quarter 2026 Liquidity Balance sheet strength supports strategic priorities and disciplined capital deployment strategy Debt Maturity Schedule Senior Total Liquidity Net Debt to Note EBITDA* Ratio $750M $1.7B 2.75% Including cash of $665M and 1.7x Senior Note Senior $600M Note $1.0B available
Slide 8: Second Quarter 2026 Cash Flow Performance
Second Quarter 2026 Cash Flow Performance Strong cash generation supports increased 2026 share repurchase target $287M $285M $29M $244M $58M $42M $200M $70M $258M $228M $203M $130M 2Q25 2Q26 YTD25 YTD26 Operating Cash Flow* Capital Expenditures* Free Cash Flow* 8 * Continuing Operations; Reference t
Slide 9: Full Year 2026 Outlook
Full Year 2026 Outlook Raising revenue outlook while absorbing near-term inflation pressure Primary Drivers • CCM revenue up MSD YoY due to higher prices and +MSD Flat re-roofing demand offsetting slower new construction Revenue Adj. EBITDA • CWT revenue up MSD YoY due to higher prices and Growth Ma
Slide 10: Vision 2030 Financial Targets
Vision 2030 Financial Targets Long-term targets remain intact, supported by disciplined execution and capital allocation $40+ ADJ. EPS 25%+ ROIC Mid Teen CAGR Maintain Superior Returns 5%+ 25%+ 15%+ ORGANIC REVENUE CAGR ADJ. EBITDA MARGIN FCF MARGIN Above Market Growth Resilient Performance Cash Gen
Slide 11: Appendix
CARLISLE Appendix
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company uses the following definitions of financial measures that are not presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”): 1. Organic revenue: Revenues excluding revenue from acquisitions completed in the
Slide 13: Reconciliation to Organic Revenue
Reconciliation to Organic Revenue Three Months Ended June 30, (in millions, except percentages) CSL CCM CWT 2025 Revenues (GAAP) $ 1,449.5 $ 1,095.6 $ 353.9 Organic 114.4 7.9 % 84.6 7.7 % 29.8 8.4 % Acquisitions 4.3 0.3 % — —% 4.3 1.2 % FX impact 2.1 0.1 % 1.1 0.1 % 1.0 0.3 % Total change 120.8 8.3
Slide 14: Reconciliation to Free Cash Flow
Reconciliation to Free Cash Flow Three Months Ended Six Months Ended June 30, June 30, (in millions) 2026 2025 2026 2025 Net cash provided by (used in) operating activities (GAAP) $ 241.8 $ 287.1 $ 197.1 $ 288.9 Less: Operating cash flow from discontinued operations (2.5) 0.3 (2.5) 3.5 Operating cas
Slide 15: Reconciliation to Adjusted EBITDA
Reconciliation to Adjusted EBITDA Three Months Ended Six Months Ended June 30, June 30, (in millions, except percentages) 2026 2025 2026 2025 Net income (GAAP) $ 255.2 $ 255.8 $ 382.9 $ 399.1 Less: Income (loss) from discontinued operations (GAAP) (2.5) 0.3 (2.5) 3.5 Income from continuing operation
Slide 16: Reconciliation to Segment Adjusted EBITDA
Reconciliation to Segment Adjusted EBITDA Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 (in millions, except percentages) CCM CWT Corporate CCM CWT Corporate Operating income (loss) (GAAP) $ 338.1 $ 41.8 $ (27.4) $ 323.8 $ 42.5 $ Senior (31.3) Non-operating expense (income), net
Slide 17: Reconciliation to Adjusted EPS
Reconciliation to Adjusted EPS Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 Pre-tax After-tax Impact to Pre-tax After-tax Impact to (in millions, except per share amounts) Impact Impact(1) Diluted EPS(2) Impact Impact(1) Diluted EPS(2) Net income (GAAP) $ 255.2 $ 6.30 $ 255.8 $
Slide 18: Reconciliation of Debt Covenant Ratios
Reconciliation of Debt Covenant Ratios (in millions, except ratios) LTM 6/30/2026 Income from continuing operations (GAAP) $ 732.3 Income tax expense 214.8 Interest expense 104.7 Depreciation and amortization 197.7 Non-cash stock-based compensation expense 33.2 EBITDA per debt covenants $ 1,282.7 Co