Segment Information

9 Months Ended

Sep. 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 September 30, 2025
(in millions)	CCM		CWT		Total
Revenue	$	1,000.8	$	346.1	$	1,346.9
Cost of goods sold	615.5		246.7		862.2
Selling and administrative expenses	97.0		62.8		159.8
Research and development expenses	8.4		4.0		12.4
Other operating expense (income), net(1)	(0.4)		3.0		2.6
Segment operating income	280.3		29.6		309.9
Corporate and unallocated operating expense					16.0
Interest expense					21.3
Interest income					(6.8)
Other non-operating expense (income), net					1.6
Income from continuing operations before income taxes					$	277.8

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

	Three Months Ended September 30, 2024
(in millions)	CCM		CWT		Total
Revenue	$	998.2	$	335.4	$	1,333.6
Cost of goods sold	592.5		225.4		817.9
Selling and administrative expenses	97.4		59.4		156.8
Research and development expenses	5.1		3.0		8.1
Other operating expense (income), net(1)	0.2		0.8		1.0
Segment operating income	303.0		46.8		349.8
Corporate and unallocated operating expense					33.4
Interest expense					18.6
Interest income					(22.6)
Other non-operating expense (income), net					(1.1)
Income from continuing operations before income taxes					$	321.5

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

	Nine Months Ended September 30, 2025
(in millions)	CCM		CWT		Total
Revenue	$	2,894.9	$	997.3	$	3,892.2
Cost of goods sold	1,781.5		697.5		2,479.0
Selling and administrative expenses	292.0		196.2		488.2
Research and development expenses	23.6		10.6		34.2
Other operating expense (income), net(1)	(1.1)		4.7		3.6
Segment operating income	798.9		88.3		887.2
Corporate and unallocated operating expense					74.7
Interest expense					50.8
Interest income					(14.6)
Other non-operating expense (income), net					(0.1)
Income from continuing operations before income taxes					$	776.4

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

	Nine Months Ended September 30, 2024
(in millions)	CCM		CWT		Total
Revenue	$	2,870.7	$	1,010.0	$	3,880.7
Cost of goods sold	1,724.1		671.5		2,395.6
Selling and administrative expenses	272.4		180.4		452.8
Research and development expenses	18.3		8.3		26.6
Other operating expense (income), net(1)	(5.1)		1.6		(3.5)
Segment operating income	861.0		148.2		1,009.2
Corporate and unallocated operating expense					90.1
Interest expense					56.0
Interest income					(44.3)
Other non-operating expense (income), net					(1.5)
Income from continuing operations before income taxes					$	908.9

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

Other financial information by reportable segment follows:

	Three Months Ended September 30,
	2025				2024
(in millions)	Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures
Carlisle Construction Materials	$	22.6	$	18.6	$	21.8	$	10.4
Carlisle Weatherproofing Technologies	26.3		14.9		21.9		8.9
Segment total	48.9		33.5		43.7		19.3
Corporate and unallocated	0.9		—		0.9		—
Total	$	49.8	$	33.5	$	44.6	$	19.3
	Nine Months Ended September 30,
	2025				2024
(in millions)	Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures
Carlisle Construction Materials	$	66.4	$	55.9	$	58.3	$	39.9
Carlisle Weatherproofing Technologies	77.4		35.4		65.6		24.4
Segment total	143.8		91.3		123.9		64.3
Corporate and unallocated	2.7		—		2.7		—
Total	$	146.5	$	91.3	$	126.6	$	64.3

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.