Carlisle Companies Incorporated (NYSE:CSL (OTC:CSLLY)) , which is a pure-play building products company, has reported robust financial results for the second quarter of 2024, with a notable year-over-year sales growth of 11%, reaching $1.5 billion. The company's adjusted earnings per share (EPS) soared by 33% to $6.24, while the adjusted EBITDA margin expanded to a record 28.8%, up 220 basis points.

Carlisle's positive performance has prompted the company to raise its full-year 2024 outlook, with an expected revenue growth of approximately 12% and an adjusted EBITDA margin increase of around 150 basis points.

These results are attributed to strong demand in the re-roofing market, disciplined pricing, operational efficiencies, and strategic initiatives under the Vision 2030 strategy.

Source: Investing.com