Yeah, Tim, and that was largely around all reroofing that we are commenting on is that's the annuity that Chris always talked about around the reroofing cycle is coming forward and that chart that's in our Vision 2025 that shows the next 10 years and the -- I'll call the bubble from the earlier 2000 build cycle. Your line is open. Your next question comes from the line of Bryan Blair from Oppenheimer. The Company also manufactures and offers paint circulating and application finishing fittings and equipments. It's flatbed from our factories out to the job sites. We are also encouraged by the global efforts and progress toward the development of the COVID-19 vaccine, which once deployed should drive passenger confidence and safe travel and accelerate return to higher levels of passenger miles. I think, you're right on there. This concludes our formal comments, Rob, we're now ready for questions. Read full article. I mean, as Saree pointed out there is building demand due to the -- at least in the second quarter the inability to get on the roofs and some confusion there over what the health practices were and then government offices shut down or remote working. And then can you just talk about the outlook for aerospace and how we should think about your growth as the MAX production volumes pick up but maybe there is some headwinds from widebody production. CEO Recent Trades: CEO & President D Christian Koch sold 43,287 shares of CSL stock on 11/16/2020 at the These same attributes will allow us to further improve the efficiency of our businesses through the Carlisle Operating System to continue to make the investments necessary to deliver a world-class Carlisle experience well into the future and ensure we maintain discipline and rigor in our capital allocation process. We continue to see sequential improvement in daily sales volumes throughout the third quarter at CCM with September sales ending slightly positive year-over-year for the first time since the pandemic began. We remain committed to our original long-term margin goal of 20-plus-percent for CFT and are confident the multifaceted plans we put in place including developing and introducing innovative new products, capturing the value of these products and enhance pricing, applying COS rigorously and maintaining hyper focus on plant safety, quality, delivery and cost management will result in significant improvements in 2021. On the call with me today are Chris Koch, Chairman, President and Chief Executive Officer; and Bob Roche, our Chief Financial Officer. I think early 2021, I mean, we probably don't want to project out further in that, but I think, yeah, as far as we're looking here for first [Indecipherable] from what we can see. Carlisle Companies started at buy with $120 stock price target at SunTrust RH Jun. Yeah. This distinction is important as most of CCM sales are largely driven by replacement demand not new construction, and importantly, at times the financial stress are not cancelled but differed as maintaining a commercial roof is not a discretionary item. And it goes to the variable cost in that business, the sales force is variable, a lot of the cost, we can get out quickly, but that when volume comes back, you got to put them back. Yeah. Turning to the margin bridge on Slide 6, Q3 operating margin declined 110 basis points. And we've seen with the actions of our competitors and ourselves that the prices are going up and I think that's actually the organizations getting a little bit ahead of where they would have been usually on price. You seemed a little more, sort of the tone, your voice sound a little more positive on European CCM. Okay. So, pretty good sequential profit control, I'm just wondering how to think of that moving into the fourth quarter, not to get too granular, but how should we think about margins in CIT just given the projected revenue drop again in Q4? Maybe just on price, how should we think about the potential and I guess your confidence around realizing price next year and volumes here if kind of turned up a little bit, we don't really have capacity coming on and we are starting to see some cost inflation kind of run through the system. Chart. Thanks, Chris. Mr. Chris Koch, I turn the call back over to you for some closing remarks. And then, I wonder if you could just talk about what you're seeing in distribution right now in terms of inventory levels and out the door sales patterns? Understood. And in Europe, the small to medium sized roofing market remained steady supporting overall year-over-year growth in the quarter and year-to-date. Thanks. Significant progress in business improvement actions taken in the past few years in this business, including the Tulsa and Medina plant consolidation and many new product introductions have not been enough to offset volume declines, especially in the high margin aerospace business. Thank you, Rob. And so when you look at how quickly that dropped off and the impact in Q2, I don't know that I have an estimate for you. Got it. I'd like to first say how proud I'm of the Carlisle team and how grateful I am for their continued passion, dedication and commitment to serving our customers, to protecting each other and to supporting our communities through these uncertain times. The question comes how quickly does the MAX airplanes that are grounded get put into production and then they need to refill those. Cumulative Growth of a $10,000 Investment in Stock Advisor, Carlisle Companies Inc (CSL) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $CSL, Carlisle Cos Inc (CSL) Q1 2019 Earnings Call Transcript, Copyright, Trademark and Patent Information. Zacks Investment Research upgraded shares of Carlisle Companies (NYSE:CSL) from a sell rating to a hold rating in a research note released on Tuesday, Zacks.com reports. And lastly, the revenue growth opportunities in several key areas including European construction markets, our Medical Technologies platform within CIT, highly engineered Fluid Technologies solutions and aerospace markets returning to pre-COVID levels of demand. ITT : 76.46 (+2.59%) DHR : 224.43 (+0.49%) Let's conquer your financial goals together...faster. Carlisle Companies Inc CSL Morningstar Rating Rating as of Dec 4, 2020. So, we'd expect to carry over, but somewhere in the $15 million to $20 million range is what we think today. Then last one, can you walk through CFT's monthly order or sales rate. Three, the financials' flexibility to access up to $3 billion for acquisitions, for operational efficiencies from our culture of continuous improvement. This track record of success supports our confidence in this team's ability and capability to execute on the components of Vision 2025 including our capital allocation strategy and to create value through our business model. Before we begin, please refer to Slide 2 of our presentation, where we note that certain statements made under this call may be forward-looking and actual results may differ materially from our expectations due to a number of factors, including impacts from COVID-19. And you can find both our press release and earnings call slide presentation on our website at www.carlisle.com in the Investor Relations section. At CCM, we reduced shifts starting early in the second quarter. But I think that there is some pressure on getting these things done obviously before the winter season comes in the north and then -- and the spring season with rain in the south and in the east. While being safe and healthy is always our first priority, we also have the commitment to keep all our stakeholders in mind and to deliver on our key objectives including Vision 2025 and our ESG initiatives. Carlisle Companies Incorporated (NYSE:CSL) CFO Robert M. Roche sold 5,600 shares of Carlisle Companies stock in a transaction dated Friday, December 4th. Just a follow-up on the $10 million in these cost benefits in the fourth quarter, is it fair to assume that it contemplates some of the disruptions that some of the MDI suppliers have announced? Helpful. Following the completion of the sale, the chief financial officer now directly owns 22,926 shares in the company, valued at approximately … * CARLISLE COMPANIES REPORTS RECORD FIRST QUARTER 2018 REVENUES. Carlisle Companies is committed to the highest ethical standards and conducting business throughout all of our operations with the highest level of integrity. Get the detailed quarterly/annual income statement for Carlisle Companies Incorporated (CSL). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Continued Below We are maintaining a close eye on our aerospace competitors and remain positioned to be opportunistic should a strategic and appropriate asset become available. Organic revenue declined 14.3% and acquisitions contributed 1.9% of sales growth of the quarter and in fact it was about a 40 basis point tailwind. And then can you talk a little bit about the competitive environment, it sounds like your competitors in CCM are raising prices a little bit. Yeah. This result was a remarkable feat given our very challenging volume environment. Corporate expense is expected to be approximately $95 million for the full year. Today's call will begin with Chris discussing business trends experienced during the third quarter and context around our continued confidence in achieving Vision 2025. The stock was sold at an average price of $150.03, for a total value of $840,168.00. As we enter the 10th month of operating in this COVID-19 pandemic, I hope everyone out there is healthy and staying safe. We released our third quarter financial results after the market close today. So, I think, they will be trying everything they can do to get it done and work as much over time as possible. Carlisle Companies Incorporated (NYSE:CSL) Looks Like A Good Stock, And It's Going Ex-Dividend Soon. * CARLISLE COMPANIES - UPON UNIT'S TERMINATION OF AGREEMENT UNDER CIRCUMSTANCES CFSP ACQUISITION CORP REQUIRED TO PAY UNIT TERMINATION FEE OF $50 MILLION Source text - http://bit.ly/2s3XRdR Further company coverage: * PRESS RELEASE - CARLISLE COMPANIES INCORPORATED TO SELL CARLISLE FOODSERVICE PRODUCTS. Transitioning our medical platform within CIT, we entered medical technologies several years ago through the acquisition of LHi with the concept of leveraging our core wire and cable expertise into the MedTech markets. CSL stock rating and analysis - Carlisle Companies Inc : a summary of key financial strength and profitability metrics. And then, Bob, you want to talk about production rates on? Despite aggressive action in minimize losses in the near term to rightsize our footprint, we continue to invest in new products and capabilities that will enable us to maintain our industry-leading position and exceed our customer expectations when growth in aircraft production rates resumes. All quotes delayed a minimum of 15 minutes. I think, it's one of the great tensions it's been out there that's helped us for the last really 10 years drive some some big almost close to 10% CAGR in our sales, obviously that includes the acquisition, but the -- we're really running up against the big stress on the contractor base that we were before which is there are just so many contractors out there that are trained and qualified, I know prior to COVID that was -- in 2019 that was still a big push it was around having these jobs and many delays with weather and anything else that was occurring, how do you get them done and kind of create extra demand and really the constraint is around that contractor base. And then just in CCM you talked about slightly positive growth on a year-over-year basis in September. 16, 2016 at 7:15 a.m. I mean, to be honest with you, we -- I suppose you went and talk to our CCM reps, they might have some idea of that, but we don't track that at our level. Shares of Carlisle Companies (NYSE:CSL) decreased 0.2% after the company reported Q3 results.. Quarterly Results. The third quarter results was certainly better than what I was modeling. We also took the difficult actions of reducing headcount by approximately 550 employees in our Nogales, Mexico factory and by over 100 employees in our Dongguan, China aerospace factory. And then going into the fourth quarter, yeah, I mean, last year we had a really robust fourth quarter project driven. Read full article. Organic revenue declined 10.8% and acquisitions added 4.4% in the quarter. That's really good. And with that, I will now turn the call back over to Chris. Thanks. And then just on the SG&A savings that you called out and is helping on CCM. For Carlisle Companies, there are three additional items you should look at: Risks: You should be aware of the 1 warning sign for Carlisle Companies we've uncovered before considering an investment in the company. In support of this TSA passenger screenings have increased dramatically since March and we believe will continue to rise in the fourth quarter. The trading plans for CSL, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. Coupled with returning capital to shareholders via dividend increases which we increased 5% in September, the 44th consecutive year of increases and share repurchase as we continue to demonstrate a strong underlying foundation. Chairman of the Board, President, Chief Executive Officer, President - Carlisle Interconnect Technologies, * CARLISLE COMPANIES INC SAYS CEO CHRISTIAN KOCH'S FY 2019 TOTAL COMPENSATION WAS $9.6 MILLION VERSUS $7.5 MILLION IN FY 2018 - SEC FILING. In summary, our commitment is to deliver the right product at the right place at the right time every time. It is through these efforts that we have earned the respect and trust of our shareholders, customers and employees. See here for a complete list of exchanges and delays. At CFT, operating income grew 5% due to solid pricing gains, operational improvements and cost discipline, despite revenues declining 5%. And then when it comes back it will come back quickly. So, I would say that we set up nicely to pick up some of that if we can. And any sense, I know you can never know what everyone else is going to do, but any sense that kind of that environment is going to stay favorable through 2021? We're still very, I'd say, we're cautiously optimistic. Carlisle Companies CSL. By doing this we ensure that we will continue to be a positive contributor and long-serving member of our communities. This is evidenced by our deployment of more than $340 million in share repurchases year-to-date in 2020. There are no further questions at this time. Near term, while CIT medical technologies remains a positive offset to CIT aerospace weakness, we remain watchful of key MedTech demand drivers such as capital spending in hospitals, elective surgery and procedure deferrals, particularly in the United States. D. Christian Koch -- Chairman, President and Chief Executive Officer. CBF has made substantial progress in lowering its cost base, refining its production processes and reducing its footprint. The Company designs, manufactures and markets a … Our confidence is built on, first, the significant and proven annuity contained in the US non-residential reroofing market segment which is estimated between $5 billion to $6 billion per year today and growing to approximately $8 billion in the next decade. Year to date, we have benefited from CCM's variable cost structure and notably lower input costs versus last year. We are beginning to see positive signs in CFT end markets particularly in Asia and in Europe. Boy, David, I know it's going to be a -- I really don't have an idea because we were really, I mean, we had a strong 2019. While the pressures from subdued industrial capital expenditures remain, CFT continues to execute on internal initiatives laid out in Vision 2025. While we have seen some of raise of hope with -- I won't get specific, but with a few distributors having some confidence to put some inventory back in, we did talk in the second quarter at the second quarter call about the destocking that had occurred there. CSL. Carlisle Companies Inc (NYSE:CSL)Q3 2020 Earnings CallOct 20, 2020, 5:00 p.m. And again, I always say it, but really for us the constrain is not supplying the materials it's the ability for people to get on the roof and put it on and that's why whether and these governmental delays around building permits and things like that are so impactful for the people out there in the field. 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