Carlisle Companies Sales Climb 20% (CSL)

Charlotte, North Carolina-based Carlisle Companies Inc. CSL on Monday morning released financial results. Carlisle Companies Inc reported that its 4th quarter net income fell to $32.2 million, or 51 cents per share, down from $35.9 million, or 58 cents per share, a year earlier. The company reported income from continuing operations of $21.9 million, or 35 cents per share. Carlisle Companies Inc reported revenue of $626.9 million, up 20% from $524.3 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 46 cents per share, on revenue of $566.33 million. Carlisle Companies Inc. (CSL) ended the previous trading session at $38.85 per share. Analysts covering the company's stock have a consensus price target of $41.75 per share. Chairman, President and CEO David A. Roberts said, “Our businesses achieved 16% organic growth in the fourth quarter of 2010 and, for the full year, 9% organic sales growth compared to 2009. We saw demand strengthen in nearly all of our major product lines and our management team did an excellent job in capturing new opportunities in the domestic and global marketplace." Carlisle Companies Inc is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare. Read more from Benzinga's Company news.