Segment Information

9 Months Ended

Sep. 30, 2016

Segment Information

Segment Information

Note 3—Segment Information

The Company’s operating segments are:

Carlisle Construction Materials (“CCM” or the “Construction Materials segment”)—the principal products of this segment are insulation materials, rubber (EPDM), thermoplastic polyolefin (TPO), and polyvinyl chloride (PVC) roofing membranes used predominantly on non-residential low-sloped roofs, related roofing accessories, including flashings, fasteners, sealing tapes, and coatings and waterproofing products. The markets served include new construction, re-roofing and maintenance of low-sloped roofs, water containment, heating, ventilation and cooling (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 for the transfer of power and data primarily for the aerospace, medical, defense electronics, test and measurement equipment, and select industrial markets.

Carlisle Fluid Technologies (“CFT” or the “Fluid Technologies segment”)—the principal products of this segment are industrial finishing equipment and integrated system solutions for spraying, pumping, mixing, metering, and curing of a variety of coatings used in the transportation, auto refinishing, general industrial, wood, protective coating, and specialty 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 construction, agriculture, mining, aerospace, and motor sports markets.

Carlisle FoodService Products (“CFS” 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.

Corporate expenses are largely comprised of compensation, benefits, and travel expense for the corporate office staff, business development costs, and certain compliance costs not allocated to the segments.

The Company uses net sales and earnings before interest and taxes (“EBIT”) as the primary basis for the Chief Operating Decision Maker (“CODM”) to evaluate the performance of each operating segment. The Company’s CODM is the Chief Executive Officer.

Segment information is summarized as follows:

Three Months Ended September 30,	2016					2015
(in millions)	Net Sales		EBIT			Net Sales		EBIT
Carlisle Construction Materials	$	578.2	$	132.0		$	570.1	$	115.5
Carlisle Interconnect Technologies		218.2		42.2			202.3		41.2
Carlisle Fluid Technologies		69.0		9.5			67.9		10.1
Carlisle Brake & Friction		62.6		(141.3)	(1)		70.7		0.5
Carlisle FoodService Products		63.0		9.0			62.1		7.7
Corporate		-		(15.0)			-		(13.2)
Total	$	991.0	$	36.4		$	973.1	$	161.8

Nine Months Ended September 30,	2016					2015
(in millions)	Net Sales		EBIT			Net Sales		EBIT
Carlisle Construction Materials	$	1,564.4	$	337.4		$	1,519.0	$	264.3
Carlisle Interconnect Technologies		624.3		118.4			595.0		111.8
Carlisle Fluid Technologies		198.4		23.7			129.6		9.1
Carlisle Brake & Friction		207.9		(132.8)	(1)		242.1		16.8
Carlisle FoodService Products		186.9		24.3			181.3		20.3
Corporate		-		(45.1)			-		(46.1)
Total	$	2,781.9	$	325.9		$	2,667.0	$	376.2

⁽¹⁾ Includes impairment charges of $141.5 million in the three and nine month periods ended September 30, 2016. Refer to Note 10 for further discussion