Segment Information

6 Months Ended

Jun. 30, 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 June 30, 2025
(in millions)	CCM		CWT		Total
Revenue	$	1,095.6	$	353.9	$	1,449.5
Cost of goods sold	665.1		241.6		906.7
Selling and administrative expenses	100.0		64.7		164.7
Research and development expenses	7.1		4.0		11.1
Other operating expense (income), net(1)	(0.4)		1.1		0.7
Segment operating income	323.8		42.5		366.3
Corporate and unallocated operating expense					31.3
Interest expense					14.7
Interest income					(1.4)
Other non-operating expense (income), net					(1.9)
Income from continuing operations before income taxes					$	323.6

(1)Primarily related to lease terminations and litigation settlements.

	Three Months Ended June 30, 2024
(in millions)	CCM		CWT		Total
Revenue	$	1,088.9	$	361.7	$	1,450.6
Cost of goods sold	643.1		238.0		881.1
Selling and administrative expenses	97.7		61.0		158.7
Research and development expenses	6.5		2.8		9.3
Other operating expense (income), net(1)	(5.2)		0.7		(4.5)
Segment operating income	346.8		59.2		406.0
Corporate and unallocated operating expense					28.5
Interest expense					18.8
Interest income					(13.8)
Other non-operating expense (income), net					(0.1)
Income from continuing operations before income taxes					$	372.6

(1)Primarily related to lease terminations, insurance settlements, and litigation settlements.

	Six Months Ended June 30, 2025
(in millions)	CCM		CWT		Total
Revenue	$	1,894.1	$	651.2	$	2,545.3
Cost of goods sold	1,166.0		450.8		1,616.8
Selling and administrative expenses	195.0		133.4		328.4
Research and development expenses	15.2		6.6		21.8
Other operating expense (income), net(1)	(0.7)		1.7		1.0
Segment operating income	518.6		58.7		577.3
Corporate and unallocated operating expense					58.7
Interest expense					29.5
Interest income					(7.8)
Other non-operating expense (income), net					(1.7)
Income from continuing operations before income taxes					$	498.6

(1)Primarily related to lease terminations and litigation settlements.

	Six Months Ended June 30, 2024
(in millions)	CCM		CWT		Total
Revenue	$	1,872.5	$	674.6	$	2,547.1
Cost of goods sold	1,131.6		446.1		1,577.7
Selling and administrative expenses	175.0		121.0		296.0
Research and development expenses	13.2		5.3		18.5
Other operating expense (income), net(1)	(5.3)		0.8		(4.5)
Segment operating income	558.0		101.4		659.4
Corporate and unallocated operating expense					56.7
Interest expense					37.4
Interest income					(21.7)
Other non-operating expense (income), net					(0.4)
Income from continuing operations before income taxes					$	587.4

(1)Primarily related to lease terminations, insurance settlements, and litigation settlements.

Other financial information by reportable segment follows:

	Three Months Ended June 30,
	2025				2024
(in millions)	Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures
Carlisle Construction Materials	$	22.2	$	18.9	$	20.4	$	12.6
Carlisle Weatherproofing Technologies	25.8		9.9		21.8		8.4
Segment total	48.0		28.8		42.2		21.0
Corporate and unallocated	0.9		—		0.9		—
Total	$	48.9	$	28.8	$	43.1	$	21.0
	Six Months Ended June 30,
	2025				2024
(in millions)	Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures
Carlisle Construction Materials	$	43.8	$	37.3	$	36.5	$	29.5
Carlisle Weatherproofing Technologies	51.1		20.5		43.7		15.5
Segment total	94.9		57.8		80.2		45.0
Corporate and unallocated	1.8		—		1.8		—
Total	$	96.7	$	57.8	$	82.0	$	45.0

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.