CARLISLE COMPANIES INCCSL
CARLISLE COMPANIES INC Segments Disclosure
Segment Information
The Company has two reportable segments:
Carlisle Construction Materials ("CCM")—this segment produces a complete line of premium single-ply roofing products and warranted roof systems and accessories for the commercial building industry, including ethylene propylene diene monomer (“EPDM”), thermoplastic polyolefin (“TPO”) and polyvinyl chloride (“PVC”) membrane, polyiso insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings.
Carlisle Weatherproofing Technologies ("CWT")—this segment produces building envelope solutions that effectively drive energy efficiency and sustainability in commercial and residential applications. Products include high-performance waterproofing and moisture protection products, protective roofing underlayments, fully integrated liquid and sheet applied air/vapor barriers, sealants/primers and flashing systems, roof coatings and mastics, spray polyurethane foam and coating systems for a wide variety of thermal protection applications and other premium polyurethane products, block-molded expanded polystyrene insulation, engineered products for HVAC applications, and premium products for a variety of industrial and surfacing applications.
Carlisle's chief operating decision maker ("CODM") is its Chief Executive Officer. The CODM uses segment operating income in the annual budget and forecasting process. The CODM considers forecast-to-actual variances on a quarterly basis when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses operating income to assess the performance of each segment and determine the compensation of certain employees.
A summary of financial information by reportable segment follows:
| Year ended December 31, 2025 | ||||||||||||||||||||
| (in millions) | CCM | CWT | Total | |||||||||||||||||
| Revenue | $ | 3,721.7 | $ | 1,298.2 | $ | 5,019.9 | ||||||||||||||
| Cost of goods sold | 2,309.3 | 917.0 | 3,226.3 | |||||||||||||||||
| Selling and administrative expenses | 383.2 | 258.5 | 641.7 | |||||||||||||||||
| Research and development expenses | 32.7 | 14.4 | 47.1 | |||||||||||||||||
Other operating expense (income), net(1) | (0.7) | 6.4 | 5.7 | |||||||||||||||||
| Segment operating income | 997.2 | 101.9 | 1,099.1 | |||||||||||||||||
| Corporate and unallocated operating expense | 96.6 | |||||||||||||||||||
| Interest expense | 78.5 | |||||||||||||||||||
| Interest income | (25.9) | |||||||||||||||||||
| Other non-operating expense (income), net | 1.1 | |||||||||||||||||||
| Income from continuing operations before income taxes | $ | 948.8 | ||||||||||||||||||
(1)Primarily relates to lease terminations and litigation settlements.
| Year ended December 31, 2024 | ||||||||||||||||||||
| (in millions) | CCM | CWT | Total | |||||||||||||||||
| Revenue | $ | 3,704.3 | $ | 1,299.3 | $ | 5,003.6 | ||||||||||||||
| Cost of goods sold | 2,239.0 | 873.1 | 3,112.1 | |||||||||||||||||
| Selling and administrative expenses | 362.7 | 238.2 | 600.9 | |||||||||||||||||
| Research and development expenses | 23.7 | 11.7 | 35.4 | |||||||||||||||||
Other operating expense (income), net(1) | (5.4) | 2.7 | (2.7) | |||||||||||||||||
| Segment operating income | 1,084.3 | 173.6 | 1,257.9 | |||||||||||||||||
| Corporate and unallocated operating expense | 114.8 | |||||||||||||||||||
| Interest expense | 73.3 | |||||||||||||||||||
| Interest income | (60.3) | |||||||||||||||||||
| Other non-operating expense (income), net | 19.2 | |||||||||||||||||||
| Income from continuing operations before income taxes | $ | 1,110.9 | ||||||||||||||||||
(1)Primarily relates to lease terminations, insurance settlements, and litigation settlements.
| Year ended December 31, 2023 | ||||||||||||||||||||
| (in millions) | CCM | CWT | Total | |||||||||||||||||
| Revenue | $ | 3,253.4 | $ | 1,333.5 | $ | 4,586.9 | ||||||||||||||
| Cost of goods sold | 2,035.4 | 910.2 | 2,945.6 | |||||||||||||||||
| Selling and administrative expenses | 287.3 | 219.6 | 506.9 | |||||||||||||||||
| Research and development expenses | 18.0 | 10.7 | 28.7 | |||||||||||||||||
Other operating expense (income), net(1) | (1.2) | 5.1 | 3.9 | |||||||||||||||||
| Segment operating income | 913.9 | 187.9 | 1,101.8 | |||||||||||||||||
| Corporate and unallocated operating expense | 119.0 | |||||||||||||||||||
| Interest expense | 75.6 | |||||||||||||||||||
| Interest income | (20.1) | |||||||||||||||||||
| Other non-operating expense (income), net | (3.1) | |||||||||||||||||||
| Income from continuing operations before income taxes | $ | 930.4 | ||||||||||||||||||
(1)Primarily relates to (gain)/loss on sale of fixed assets, litigation settlements, and fixed asset impairments.
Other financial information by reportable segment follows:
| (in millions) | Depreciation and Amortization | Capital Expenditures | ||||||||||||
| 2025 | ||||||||||||||
| Carlisle Construction Materials | $ | 89.3 | $ | 86.0 | ||||||||||
| Carlisle Weatherproofing Technologies | 103.8 | 44.9 | ||||||||||||
Segment Total | 193.1 | 130.9 | ||||||||||||
Corporate and unallocated | 3.4 | 0.3 | ||||||||||||
| Total | $ | 196.5 | $ | 131.2 | ||||||||||
| 2024 | ||||||||||||||
| Carlisle Construction Materials | $ | 80.7 | $ | 65.5 | ||||||||||
| Carlisle Weatherproofing Technologies | 88.3 | 35.4 | ||||||||||||
Segment Total | 169.0 | 100.9 | ||||||||||||
Corporate and unallocated | 3.6 | — | ||||||||||||
| Total | $ | 172.6 | $ | 100.9 | ||||||||||
| 2023 | ||||||||||||||
| Carlisle Construction Materials | $ | 57.0 | $ | 84.5 | ||||||||||
| Carlisle Weatherproofing Technologies | 88.1 | 26.0 | ||||||||||||
Segment Total | 145.1 | 110.5 | ||||||||||||
Corporate and unallocated | 6.0 | 0.3 | ||||||||||||
| Total | $ | 151.1 | $ | 110.8 | ||||||||||
The Company does not report total assets by segment as this is not a metric used by the CODM to allocate resources or evaluate segment performance.
Geographic Area Information
Long-lived assets, excluding deferred tax assets and intangible assets, by region follows:
| (in millions) | December 31, 2025 | December 31, 2024 | ||||||||||||
| United States | $ | 838.9 | $ | 754.6 | ||||||||||
| International: | ||||||||||||||
| Europe | 87.2 | 74.9 | ||||||||||||
| North America (excluding U.S.) | 85.3 | 71.6 | ||||||||||||
| Other | 0.1 | 0.3 | ||||||||||||
| Total long-lived assets | $ | 1,011.5 | $ | 901.4 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Feb 11, 2021 | |
| 2019 | Feb 10, 2020 | |
| 2018 | Feb 14, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 13, 2017 | |
| 2015 | Feb 8, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.