Mission Statement, Vision, & Core Values (2024) of Carlisle Companies Incorporated (CSL).

An Overview of Carlisle Companies Incorporated (CSL)

General Summary of Carlisle Companies Incorporated (CSL)

Carlisle Companies Incorporated (CSL) was founded in 1917 and has evolved into a leader in the manufacturing of various products, primarily in the construction materials and specialty products sectors. The company operates through multiple segments, including Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), and others that serve the commercial and residential markets. As of 2024, CSL's product offerings include energy-efficient roofing systems, insulation, waterproofing solutions, and other building materials.

In 2024, Carlisle Companies reported total sales of approximately $3.88 billion for the first nine months, reflecting a significant increase from $3.46 billion in the same period of 2023.

Company's Financial Performance in the Latest Financial Reports

In the third quarter of 2024, Carlisle Companies achieved a record-breaking revenue of $1.33 billion, up from $1.26 billion in the third quarter of 2023, marking a 5.9% increase year-over-year. The year-to-date revenue for the first nine months of 2024 was $3.88 billion, a 12.2% increase compared to $3.46 billion in the same period of the previous year. Key financial highlights include:

Carlisle's operating income for the first nine months of 2024 reached $919.1 million, compared to $729.2 million in 2023, a 26% increase. The company also reported an effective tax rate of 23.3% for the third quarter.

Introduction to Company as One of the Leaders in the Industry

Carlisle Companies is recognized as a leader in the construction materials and specialty products industries, thanks to its commitment to innovation and sustainability. The company has strategically positioned itself to capitalize on the growing demand for energy-efficient and sustainable building solutions. With a strong focus on research and development, Carlisle has consistently introduced new products that meet evolving market needs.

As of 2024, Carlisle continues to enhance its market share and operational efficiency, making it a prominent player in the industry. Investors and stakeholders are encouraged to explore further insights into the company's success and future growth potential.

Mission Statement of Carlisle Companies Incorporated (CSL)

Company's Mission Statement Overview

Carlisle Companies Incorporated (CSL) is dedicated to delivering innovative solutions across its diversified business segments. The mission statement emphasizes the company’s commitment to high-quality products, customer satisfaction, and sustainable practices. As of 2024, CSL's operational focus is reflected in its strategic initiatives aimed at enhancing value for stakeholders and maintaining leadership in the markets it serves.

Core Component 1: Quality Products

One of the primary components of CSL's mission statement is the commitment to producing high-quality products. The company operates in sectors that require stringent compliance with industry standards and regulations. For instance, in 2024, CSL reported revenues of $3.88 billion, a 12.2% increase from the previous year, primarily driven by robust demand in the non-residential construction market .

This growth indicates that Carlisle's focus on quality has positively impacted its financial performance, reinforcing its mission to provide superior products that meet customer needs.

Core Component 2: Customer Satisfaction

Another critical aspect of CSL's mission statement is the emphasis on customer satisfaction. The company actively seeks to build long-term relationships with its customers through reliable service and innovative solutions. In 2024, Carlisle's operating margin remained stable at 23.7%, reflecting effective cost management and customer-centric strategies .

This commitment to customer satisfaction is further evidenced by the increase in net income, which signifies effective engagement and retention strategies that resonate with clients’ expectations.

Core Component 3: Sustainability and Innovation

CSL's mission also highlights its dedication to sustainability and innovation. The company's investments in research and development have been significant, with R&D expenditures increasing to $26.6 million in the first nine months of 2024, up from $20.7 million in the same period in 2023 . These funds are directed toward developing new, energy-efficient products that align with global sustainability trends.

This focus on innovation not only enhances product offerings but also positions CSL as a leader in eco-friendly practices within its industry.

Vision Statement of Carlisle Companies Incorporated (CSL)

Vision Statement of Carlisle Companies Incorporated (CSL)

The vision statement of Carlisle Companies Incorporated (CSL) as of 2024 emphasizes innovation, sustainability, and operational excellence across its diversified segments. This vision is encapsulated in several key components:

Carlisle is committed to driving innovation in its product offerings, particularly through research and development (R&D). For the first nine months of 2024, the company reported R&D expenses of $26.6 million, an increase of 28.5% compared to $20.7 million in the same period of 2023. This investment reflects a strategy aimed at enhancing energy efficiency and sustainability in product development, aligning with the company's long-term vision of creating value through innovative solutions.

The company actively integrates sustainability into its operations. In 2024, Carlisle's revenue from sustainable products and services has been a focal point, with revenues from its construction materials segment reaching $2.87 billion for the nine months ended September 30, 2024, a 17.8% increase from $2.44 billion in the same period of 2023. This growth underscores the company's commitment to providing high-performance products that contribute to energy efficiency in both commercial and residential applications.

Operational excellence remains a cornerstone of Carlisle's vision. The company achieved an operating income of $919.1 million for the nine months ended September 30, 2024, up from $729.2 million in the prior year, reflecting a 26.0% increase. The operating margin during this period was 23.7%, compared to 21.1% in 2023, indicating improved efficiency and profitability across its segments.

Carlisle's vision includes maintaining its leadership position in the market. For the three months ended September 30, 2024, total revenues were reported at $1.33 billion, a 5.9% increase from $1.26 billion in the same quarter of 2023. This performance was driven by strong demand in non-residential construction, which saw an increase of $102.2 million in revenues, showcasing the company's ability to capitalize on market opportunities.

Carlisle's vision encompasses a global reach, with revenues from international markets contributing significantly to overall growth. In the third quarter of 2024, international revenues totaled $134.1 million, reflecting the company's ongoing efforts to expand its footprint beyond the U.S. market. This diversification strategy not only mitigates risks but also enhances growth potential in emerging markets.

Through its vision statement, Carlisle Companies Incorporated aims to foster a culture of innovation, sustainability, and operational excellence, positioning itself as a leader in the construction materials industry while delivering exceptional value to its stakeholders.

Core Values of Carlisle Companies Incorporated (CSL)

Integrity

Carlisle Companies Incorporated (CSL) places a strong emphasis on integrity as a core value, recognizing its importance in building trust with stakeholders. The company has implemented various compliance and ethics programs to ensure transparency and accountability in its operations.

In 2024, CSL maintained a robust compliance framework, which includes regular training for employees on ethical standards and business practices. The effectiveness of these programs is reflected in the company’s operational success, with a reported net income of $1,149.0 million for the first nine months of 2024, up from $561.9 million in the same period of 2023 .

Innovation

Innovation is a cornerstone of CSL's operational strategy, driving the development of new products and solutions. The company has committed to significant investments in research and development, with R&D expenses totaling $26.6 million for the first nine months of 2024, a 28.5% increase from $20.7 million in the previous year .

One notable initiative is the Vision 2030 program, which aims to enhance sustainability and efficiency in product development. This commitment has led to advancements such as energy-efficient roofing systems, contributing to increased revenues of $3,880.7 million for the first nine months of 2024 .

Customer Focus

CSL prioritizes customer satisfaction and loyalty, tailoring its products and services to meet client needs. The company’s customer-centric approach is evident in its revenue growth, particularly in the non-residential construction market, which saw an increase of $452.6 million in sales during the first nine months of 2024 .

Additionally, CSL has implemented customer feedback mechanisms and service improvement initiatives, ensuring that client voices are heard and addressed. This proactive approach has solidified the company’s reputation as a leader in the building products industry.

Safety

Safety is a fundamental value at CSL, with a commitment to maintaining a safe working environment for employees. The company has invested in comprehensive safety training programs, which have resulted in a reduction of workplace incidents. In 2024, CSL reported a decrease in lost-time injury rates compared to previous years .

The company’s focus on safety extends to its products, which are designed to meet rigorous safety standards. This commitment has not only enhanced employee well-being but has also reinforced customer trust in the reliability of CSL's offerings.

Collaboration

Collaboration is essential for CSL, fostering teamwork across various departments to drive efficiency and innovation. The company's operational structure supports cross-functional teams that work together on projects, leading to enhanced problem-solving capabilities and faster decision-making .

In 2024, CSL’s collaborative efforts contributed to an adjusted EBITDA of $1,051.0 million, reflecting a significant increase from $855.7 million in the same period of 2023, showcasing the effectiveness of teamwork in achieving financial success .

Article updated on 8 Nov 2024

Resources:

• Carlisle Companies Incorporated (CSL) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Carlisle Companies Incorporated (CSL)' financial performance, including balance sheets, income statements, and cash flow statements.
• SEC Filings – View Carlisle Companies Incorporated (CSL)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.