Carlisle Companies Reaffirms $1 Billion Share Buyback Plan

Published 2 hours agoCSL

Carlisle Companies Reaffirms $1 Billion Share Buyback Plan

Carlisle Companies has reiterated its $1 billion share repurchase plan, a vital move to enhance shareholder value through significant buybacks. This announcement reflects the company's ongoing commitment to rewarding shareholders, as it continues to optimize its capital management strategies.

According to Insider Monkey, Carlisle has been actively repurchasing shares, with over 53% of shares bought back under this initiative since 1999, amounting to over $5 billion. Additionally, the company maintains a strong financial position with $754 million in cash and 3.5 million shares available for repurchase as of December 31, 2024.

Under its Vision 2030 strategy, Carlisle is poised to capitalize on key macro-trends such as the demand for commercial re-roofing and housing shortages. The strategy emphasizes energy-efficient solutions and strategic acquisitions, with an aim to drive growth while reaffirming expectations of mid-single-digit revenue growth and a 50 basis points expansion in adjusted EBITDA margin by 2025.

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