Segment Information

9 Months Ended

Sep. 30, 2013

Segment Information

Segment Information

Note 3—Segment Information

The Company’s operations are reported in the following segments:

Carlisle Construction Materials (“CCM” or the “Construction Materials segment”)—the principal products of this segment are rubber (EPDM) and thermoplastic polyolefin (TPO) roofing membranes used predominantly on non-residential low-sloped roofs, related roofing accessories, including flashings, fasteners, sealing tapes, coatings and waterproofing, and insulation products. The markets served include new construction, re-roofing and maintenance of low-sloped roofs, water containment, HVAC sealants, and coatings and waterproofing.

Carlisle Interconnect Technologies (“CIT” or the “Interconnect Technologies segment”)—the principal products of this segment are high-performance wire, cable, connectors, contacts, and cable assemblies primarily for the aerospace, defense electronics, industrial, and test and measurement equipment markets.

Carlisle Brake & Friction (“CBF” or the “Brake & Friction segment”)—the principal products of this segment include high-performance brakes and friction material, and clutch and transmission friction material for the mining, construction, aerospace, agriculture, motor sports, and alternative energy markets.

Carlisle FoodService Products (“CFSP” or the “FoodService Products segment”)—the principal products of this segment include commercial and institutional foodservice permanentware, table coverings, cookware, catering equipment, fiberglass and composite material trays and dishes, industrial brooms, brushes, mops, and rotary brushes for commercial and non-commercial foodservice operators and sanitary maintenance professionals.

Carlisle Transportation Products (“CTP” or the “Transportation Products segment”)—the principal products of this segment include bias-ply, steel belted radial trailer tires, stamped or roll-formed steel wheels, tires, and tire and wheel assemblies, as well as industrial belts and related components.  The markets served include lawn and garden, power sports, high-speed trailer, agriculture, and construction.

Corporate—includes general corporate expenses. Corporate assets consist primarily of cash and cash equivalents, facilities, deferred taxes, and other invested assets. Corporate operations also maintain a captive insurance program for workers compensation costs on behalf of all the Carlisle operating companies.  Corporate assets also include assets of ceased operations not classified as held for sale.

Effective January 1, 2012, the Company’s Styled Wheels business was transitioned from CTP to CBF.  Styled wheels continued to be manufactured by CTP, but were marketed and sold by the performance racing group within CBF.  Effective December 1, 2012, due to sales, marketing, and administrative inefficiencies, the Styled Wheels business was transitioned from CBF back to CTP.  Prior period results have been retrospectively adjusted to reflect the Styled Wheels business in the Transportation Products segment.

Unaudited financial information for operations by reportable segment is included in the following summary:

Three Months Ended September 30,	2013					2012
(in millions)	Sales(1)		EBIT			Sales(1)		EBIT
Carlisle Construction Materials	$	505.7	$	83.0		$	456.7	$	79.6
Carlisle Interconnect Technologies	147.8		24.8			115.0		18.7
Carlisle Brake & Friction	85.2		5.2			110.6		18.9
Carlisle FoodService Products	58.1		6.9			62.7		(1.2		)
Carlisle Transportation Products	172.0		13.9			165.2		7.4
Corporate	—		(10.4		)	—		(12.8		)
Total	$	968.8	$	123.4		$	910.2	$	110.6

Nine Months Ended September 30,	2013							2012
(in millions)	Sales(1)		EBIT			Assets		Sales(1)		EBIT			Assets
Carlisle Construction Materials	$	1,335.8	$	197.0		$	966.3	$	1,280.5	$	207.0		$	892.2
Carlisle Interconnect Technologies	434.7		65.5			1,028.0		340.5		52.8			794.4
Carlisle Brake & Friction	269.6		28.6			601.4		361.3		66.6			671.2
Carlisle FoodService Products	178.9		19.3			187.2		185.2		10.0			204.4
Carlisle Transportation Products	602.9		(58.4		)	446.7		616.3		47.7			567.1
Corporate	—		(36.0		)	367.3		—		(37.0		)	113.0
Total	$	2,821.9	$	216.0		$	3,596.9	$	2,783.8	$	347.1		$	3,242.3

(1) Excludes intersegment sales