Posted April 27, 2010
Carlise Companies posts 5.8 percent sales gain
Carlisle Companies Incorporated reported net sales of $562.0 million for the quarter, a 5.8% increase from $531.3 million in the first quarter of 2009.
Organic sales increased by 1.9% from the prior year, with sales growth in the Construction Materials, Engineered Transportation Solutions and Interconnect Technologies segments.
Income from continuing operations increased 109% to $23.0 million, or 37 cents per diluted share, compared with $11.0 million, or 18 cents per diluted share, in the first quarter of 2009.
In the Engineered Transportation Solutions segment, Q1 sales of $212.1 million
increased by 4.0% compared to net sales of $204.0 million, while EBIT decreased 16% to $13.6 million from $16.2 million for the same period in 2009. Higher volume in the power sports and transmission belt product lines were partially offset by volume declines in the outdoor power equipment market.
