sprite-preloader
Anzeige
Mehr »
Donnerstag, 21.06.2018 Börsentäglich über 12.000 News von 586 internationalen Medien

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Devisen

Kurs

%

Rohstoffe

Kurs

%

Passende Knock-Outs zu Ihrer Suchanfrage (Anzeige)
Erweiterte
Suche
lynx
Ad hoc-Mitteilungen
07.11.2017 | 13:44
(9 Leser)
Schrift ändern:
(0 Bewertungen)

ACCESSWIRE·Mehr Nachrichten von ACCESSWIRE

Research Desk Line-up: Trinseo Post Earnings Coverage

LONDON, UK / ACCESSWIRE / November 7, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Carlisle Cos. Inc. (NYSE: CSL), which can be viewed by registering at http://protraderdaily.com/optin/'symbol=CSL, following the Company's posting of its financial results on October 24, 2017, for the third quarter of the fiscal year 2017. The Company's net revenue increased 9.9% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Rubber & Plastics industry. Pro-TD has currently selected Trinseo S.A. (NYSE: TSE) for due-diligence and potential coverage as the Company reported on November 02, 2017, its financial results for Q3 2017. Register for a free membership today, and be among the early birds that get access to our report on Trinseo when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CSL; also brushing on TSE. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/'symbol=CSL

http://protraderdaily.com/optin/'symbol=TSE

Earnings Reviewed

For the three months ended September 30, 2017, Carlisle's net revenue increased 9.9% to $1.09 billion from $991 million in Q3 FY16. For the reported quarter, the Company's organic net revenue increased 4.4% on a y-o-y basis.

For the reported quarter, Carlisle's selling and administrative expenses increased 12.2% to $152.2 million from $135.6 million in Q3 FY16. During Q3 FY17, the Company's R&D expenses increased 9.7% to $13.5 million from $12.3 million in the same period of last year.

During Q3 FY17, Carlisle's earnings before interest and taxes (EBIT) increased 292.6% to $142.9 million from $36.4 million in Q3 FY16. For the reported quarter, the Company's EBIT margin increased 940 basis points to 13.1% of revenue from 3.7% of revenue in Q3 FY16. During Q3 FY17, Carlisle's adjusted EBIT decreased 19.6% to $142.9 million from $177.9 million in Q3 FY16.

For the reported quarter, Carlisle's net income was $86.4 million compared to a net loss of $9.5 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) was positive $1.37 versus negative $0.15 in the comparable period of last year. During Q3 FY17, the Company's adjusted net income decreased 23.6% to $86.4 million from $113.1 million in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS decreased 21.3 % to $1.37 from $1.74 in the corresponding period of last year. The adjusted diluted EPS surpassed analysts' expectations of $1.32.

On November 01, 2017, the Company announced that it had completed the purchase of Accella Performance Materials for $670 million in an all-cash transaction, pursuant to the previously announced purchase agreement with Arsenal Capital Partners.

Segment Details

Carlisle Construction Materials (CCM) - During Q3 FY17, the CCM segment's net revenue increased 10.7% to $640.2 million from $578.2 million in the same period of last year. For the reported quarter, the segment's EBIT decreased 5.9% to $124.2 million from $132 million in Q3 FY16. The decrease was due to rising raw material costs and acquisition-related costs.

Carlisle Interconnect Technologies (CIT) - During Q3 FY17, the CIT segment's net revenue decreased 3.4% to $210.8 million from $218.2 million in the comparable period of last year. For the reported quarter, the segment's EBIT decreased 39.1% to $25.7 million from $42.2 million in Q3 FY16. The decrease was primarily due to an unfavorable mix, a volume decline, a higher facility rationalization, and higher plant restructuring costs.

Carlisle FoodService Products (CFS) - During Q3 FY17, the CFS segment's net revenue increased 37.6% to $86.7 million from $63 million in the corresponding period of last year. For the reported quarter, the segment's EBIT increased 28.9% to $11.6 million from $9 million in Q3 FY16.

Carlisle Fluid Technologies (CFT) - During Q3 FY17, the CFT segment's net revenue increased 2.8% to $70.9 million from $69 million in the same period of last year. For the reported quarter, the segment's EBIT decreased 98.9% to $0.1 million from $9.5 million in Q3 FY16. The decrease was due to accelerated restructuring and facility rationalization costs, and continuation of investments to position the business for future growth and margin improvement.

Carlisle Brake & Friction (CBF) - During Q3 FY17, the CBF segment's net revenue increased 28.6% to $80.5 million from $62.6 million in the comparable period of last year. The increase was due to new business launches and growth in their key end markets of construction, agriculture, and mining. For the reported quarter, the segment's EBIT was positive $1.2 million compared to negative $141.3 million in Q3 FY16.

Balance Sheet

As on September 30, 2017, Carlisle's cash and cash equivalents decreased 61.6% to $147.6 million from $385.3 million as on December 31, 2016. For the reported quarter, the Company's long-term debt increased 31.1% to $781.9 million from $596.4 million in the fourth quarter of 2016.

For the reported quarter, Carlisle's net receivables increased 35% to $690.8 million from $511.6 million in the fourth quarter of 2016. During Q3 FY17, the Company's accounts payable increased 35% to $328.9 million from $243.6 million in Q4 FY16.

During FY17, Carlisle's YTD cash provided by operating activities decreased 15.6% to $299.6 million from $355.1 million in FY16. During FY17, Carlisle's YTD free cash flow decreased 30.2% to $193.8 million from $277.8 million in FY16. The decrease was primarily attributable to a greater usage of cash for working capital and higher capital expenditure.

Outlook

For FY17, Carlisle expects total revenue growth to be in high-single digits and capital expenditure to be $150 million.

Stock Performance

On Monday, November 06, 2017, the stock closed the trading session at $110.56, slightly up 0.76% from its previous closing price of $109.73. A total volume of 224.12 thousand shares have exchanged hands. Carlisle's stock price surged 12.10% in the last three months, 7.98% in the past six months, and 5.61% in the previous twelve months. The stock is trading at a PE ratio of 21.87 and has a dividend yield of 1.34%. At Monday's closing price, the stock's net capitalization stands at $6.87 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily


© 2017 ACCESSWIRE