Scottsdale, Arizona — Carlisle, which makes insulated building products, had group sales of $2.4 bn the first half of 2019. This is higher by 7.47% than the same period in 2018.
Lower cost and good demand help Carlisle in H1 2019
Operating income across the business rose 26.8% and hit $322m the first half of 2019.
Chris Koch, is Carlisle CEO. He said: 'demand for new construction and replacement products across the building envelope remained healthy.'
The company's construction materials business had sales which rose by 11.1% between the first half of 2018 and 2019. They reached $1.6 bn in the first half of 2019. This compares with $1.4 bn the first half 2018.
At the same time, operating income in the division increased by 26.7%. It hit $275m the first half of 2019. This compares with $217m the 2018 period.
The numbers grew because of continued strength in US commercial roofing demand, said the company. It added that, new product introductions and contributions from acquisitions helped too.
Operating income improved because sales volumes and prices grew while costs fell. This growth was partially offset by wage inflation and foreign exchange headwinds.
Koch added that his company is 'closing in on several acquisitions and is committed to a balanced capital deployment strategy.'