Segment Information

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Information

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, polyisocyanurate ("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:

	Three Months Ended March 31, 2025
(in millions)	CCM		CWT		Total
Revenue	$	798.5	$	297.3	$	1,095.8
Cost of goods sold	500.9		209.2		710.1
Selling and administrative expenses	95.0		68.7		163.7
Research and development expenses	8.1		2.6		10.7
Other operating expense (income), net(1)	(0.3)		0.6		0.3
Segment operating income	194.8		16.2		211.0
Corporate and unallocated operating expense					27.4
Interest expense					14.8
Interest income					(6.4)
Other non-operating expense (income), net					0.2
Income from continuing operations before income taxes					$	175.0

(1)Primarily related to legal settlements and asset retirement obligations.

	Three Months Ended March 31, 2024
(in millions)	CCM		CWT		Total
Revenue	$	783.6	$	312.9	$	1,096.5
Cost of goods sold	488.5		208.1		696.6
Selling and administrative expenses	77.3		60.0		137.3
Research and development expenses	6.7		2.5		9.2
Other operating expense (income), net(1)	(0.1)		0.1		—
Segment operating income	211.2		42.2		253.4
Corporate and unallocated operating expense					28.2
Interest expense					18.6
Interest income					(7.9)
Other non-operating expense (income), net					(0.3)
Income from continuing operations before income taxes					$	214.8

(1)Primarily related to lease terminations and asset retirement obligations.

Other financial information by reportable segment follows:

	Three Months Ended March 31,
	2025				2024
(in millions)	Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures
Carlisle Construction Materials	$	21.6	$	18.4	$	16.1	$	16.9
Carlisle Weatherproofing Technologies	25.3		10.6		21.9		7.1
Segment total	46.9		29.0		38.0		24.0
Corporate and unallocated	0.9		—		0.9		—
Total	$	47.8	$	29.0	$	38.9	$	24.0

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.