Building products firm Carlisle beats Q3 revenue estimates, boosts share buyback to $1.3 billion

Overview * Carlisle Q3 revenue rose 1% yr/yr to $1.3 bln, beating analyst expectations * Adjusted EPS for Q3 was $5.61, with no analyst estimate provided * Company raised share repurchase target to $1.3 bln for 2025 Outlook * Carlisle revises 2025 full-year outlook to flat revenue year-over-year * Company expects 2025 adj. EBITDA margin down 250 bps from 2024 * Carlisle sees Q4 consolidated revenue down low-single-digit percentage year-over-year Result Drivers * COMMERCIAL RE-ROOFING – CCM benefited from solid demand in commercial re-roofing, offsetting weaker new construction, according to CEO Chris Koch * DISTRIBUTION CHANNEL CHANGES – Temporary disruptions in the distribution channel affected CCM's order patterns, but are expected to stabilize * ACQUISITIONS OFFSET HEADWINDS – CWT's rev