Segment Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company reports its results of operations through the following two segments, each of which represents a reportable segment as follows: 

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.

Summary financial information by reportable segment follows:

(in millions)	Revenues		Operating Income (Loss)		Depreciation and Amortization		Capital Expenditures
2023
Carlisle Construction Materials	$	3,253.4	$	913.9	$	57.0	$	84.5
Carlisle Weatherproofing Technologies	1,333.5		187.9		88.1		26.0
Segment Total	4,586.9		1,101.8		145.1		110.5
Corporate and unallocated (1)	—		(119.0)		6.0		0.3
Total	$	4,586.9	$	982.8	$	151.1	$	110.8
2022
Carlisle Construction Materials	$	3,885.2	$	1,175.0	$	55.6	$	135.1
Carlisle Weatherproofing Technologies	1,564.2		128.6		97.1		21.6
Segment Total	5,449.4		1,303.6		152.7		156.7
Corporate and unallocated (1)	—		(98.8)		5.9		2.1
Total	$	5,449.4	$	1,204.8	$	158.6	$	158.8
2021
Carlisle Construction Materials	$	2,846.2	$	619.9	$	52.7	$	83.8
Carlisle Weatherproofing Technologies	990.5		64.4		61.3		19.3
Segment Total	3,836.7		684.3		114.0		103.1
Corporate and unallocated (1)	—		(110.9)		5.7		2.4
Total	$	3,836.7	$	573.4	$	119.7	$	105.5

(1)Corporate operating loss includes other unallocated costs, primarily general corporate expenses.

The Company does not report total assets by segment as this is not a metric used 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, 2023		December 31, 2022
United States	$	654.8	$	603.1
International:
Europe	79.6		75.2
Other	21.3		20.1
Total long-lived assets	$	755.7	$	698.4

A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:

	2023
(in millions)	CCM		CWT		Total
United States	$	2,949.3	$	1,180.8	$	4,130.1
International:
Europe	192.7		19.1		211.8
North America (excluding U.S.)	85.4		112.6		198.0
Asia and Middle East	17.4		8.8		26.2
Africa	1.6		5.5		7.1
Other	7.0		6.7		13.7
Total international	304.1		152.7		456.8
Total revenues	$	3,253.4	$	1,333.5	$	4,586.9

	2022
(in millions)	CCM		CWT		Total
United States	$	3,526.2	$	1,397.8	$	4,924.0
International:
Europe	233.8		18.8		252.6
North America (excluding U.S.)	98.0		127.8		225.8
Asia and Middle East	15.1		9.0		24.1
Africa	1.6		4.3		5.9
Other	10.5		6.5		17.0
Total international	359.0		166.4		525.4
Total revenues	$	3,885.2	$	1,564.2	$	5,449.4

	2021
(in millions)	CCM		CWT		Total
United States	$	2,525.2	$	888.1	$	3,413.3
International:
Europe	225.5		18.4		243.9
North America (excluding U.S.)	72.3		64.2		136.5
Asia and Middle East	15.9		9.6		25.5
Africa	1.7		5.4		7.1
Other	5.6		4.8		10.4
Total international	321.0		102.4		423.4
Total revenues	$	2,846.2	$	990.5	$	3,836.7

Customer Information

Revenues from Beacon Roofing Supply, Inc. accounted for approximately 16.4%, 13.2% and 15.3% of the Company’s consolidated revenues during the years ended December 31, 2023, 2022 and 2021, respectively. Additionally, revenues from ABC Supply Co. accounted for approximately 15.3%, 13.2% and 15.6% of the Company's consolidated revenues during the years ended December 31, 2023, 2022 and 2021, respectively. Sales to both of these customers originate in the CCM and CWT segments. No other customers accounted for 10.0% or more of the Company’s total revenues for the years ended December 31, 2023, 2022 and 2021.