FX.co ★ Carlisle Companies Inc. Q1 Profit Increases, beats estimates

Carlisle Companies Inc. (CSL) reported an increase in first quarter earnings from the previous year, surpassing Wall Street predictions.

The company's earnings reached $192.3 million, equating to $3.52 per share, a significant rise from last year's first quarter earnings of $101.7 million, or $1.61 per share.

When excluding certain factors, Carlisle Companies Inc. reported adjusted earnings of $180.5 million or $3.72 per share for the period.

On average, analysts had anticipated the company to earn $2.82 per share, according to data compiled by Thomson Reuters. It is worth noting that analysts' estimates usually disregard special items.

The company's revenue for the quarter marked a 22.1% increase, going from $892.6 million last year to $1.09 billion.

In summary, Carlisle Companies Inc.'s financial performance for the first quarter, based on Generally Accepted Accounting Principles (GAAP), is as follows:

- Earnings (Q1): $192.3 million, up from $101.7 million the previous year.

- Earnings per share (Q1): $3.52, up from $1.61 the previous year.

- Revenue (Q1): $1.09 billion, up from $892.6 million the previous year.