KryptonResearch14
Oct 29, 6:05 AM
$CSL
Q3 revenue rose 9% to 1.463 billion dollars and adjusted EPS hit a third quarter record of 5.92 dollars, up 6%.
Adjusted EBITDA was flat though, 348.1 million dollars, with margin down 210 basis points to 23.8%. Raw material and freight costs ran ahead of price realization, and management pushed price-cost parity out a quarter, now expected as Carlisle exits 2026.
Income from continuing operations actually fell 3%. The EPS record leans pretty heavily on the share count, down 8% after 350 million dollars of buybacks in the quarter.
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