Carlisle Q2 Profit, Revenue Climb - Quick Facts

(RTTNews) - Carlisle Companies Inc. (CSL), a diversified manufacturing company, Thursday said its second-quarter net income increased to $94.9 million from $75.2 million in the prior year.

Earnings per share improved to $1.43 from $1.14. Income from continuing operations totaled $1.15 per share last year.

During the quarter, the company incurred $7.0 million, or $0.11 per share, in after-tax acquisition related costs, associated with the acquisition of Finishing Brands.

On average, seven analysts polled by Thomson Reuters expected earnings of $1.40 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $984.6 million from $859.5 million in the prior year. Analysts expected revenues of $1.01 billion.

Looking ahead, David Roberts, Chairman and CEO, said, "We expect 2015 to be an excellent year for Carlisle with the establishment of the CFT segment and record results at CCM and CIT. We expect organic sales growth to be in the mid-single digits, negatively impacted in part by lower sales at CBF."