Carlisle Companies to Reclassify Results of Operations for Carlisle Interconnect Technologies as Discontinued Operations Effective for the Third Quarter 2023
Carlisle Companies Incorporated (NYSE:CSL) will reclassify the results of operations for Carlisle Interconnect Technologies (“CIT”) as discontinued operations for all periods presented in the Consolidated Statements of Income beginning in the third quarter of 2023. Assets and liabilities subject to the sale of CIT will be reclassified as held for sale for all periods presented in the Consolidated Balance Sheet.
As previously reported, CIT contributed revenues of $432.4 million, operating income of $30.6 million and adjusted EBITDA of $69.7 million for the first six months of 2023. Included in the reconciliation from operating income to adjusted EBITDA was $22.3 million related to amortization.
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About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials and Carlisle Weatherproofing Technologies – and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Carlisle is also a leading provider of products to the aerospace and medical technologies markets through its Carlisle Interconnect Technologies business segment. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System, Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.
Contact:
Mehul Patel – Vice President, Investor Relations – mpatel@carlisle.com – (310) 592-9668
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