CHARLOTTE, N.C. (Feb. 8, 2013) — Carlisle Companies Inc. reported record income and sales from continuing operations in fiscal 2012, with acquisitions made throughout the year making significant contributions.
Carlisle Transportation Products, which includes Carlisle Tire & Wheel, reversed an operating loss in the fourth quarter and quadrupled pre-tax operating income for the year on solid sales gains.
The company did not break out the tire and wheel business unit numbers but said sales in the power equipment and agriculture/construction markets were "relatively level" with the prior year.
Earnings before income and taxes (EBIT) rose 4.2 percent during the year to $424.3 million on 12.6-percent higher sales of $3.63 billion, Carlisle reported. Net income from continuing operations jumped 46.9 percent to $267.3 million, or 7.4 percent of sales.
The transportation products segment reported EBIT of $52.4 million for the year on 6.2-percent better sales of $778.2 million. EBIT in the fourth quarter was $4.7 million, reversing a $3.8 million loss in the 2011 quarter. Sales grew 5 percent to $161.7 million.
David Roberts, chairman, president and CEO, said Carlisle expects sales growth in 2013 in the mid- to high-single-digit percent range as well as continued marging improvements from plant restructuring activities, organic sales growth and savings from the Carlisle Operating System.