CSL 127.22 +0.02 +0.02% Volume: 9,777 August 13, 2020 9:53 AM ET View more

Vision 2025

A Drexel Metals roof on the Hershey Gardens Conservatory, Hershey Gardens, PA

In Vision 2025, we target doubling our annual revenues to $8 billion, expanding operating margins to 20%, and generating 15% ROIC. To read more, click here

 

Drive >5% organic growth.

In the second year of Vision 2025, Carlisle grew organically 2.8% across our businesses, notably 6.2% at Carlisle Construction Materials. CCM’s strong performance was offset by challenges at Carlisle Interconnect Technologies due to a well-publicized production slowdown at a major North American aerospace customer, while the ongoing slowdown in global automotive and industrial production affected our most global businesses, Carlisle Fluid Technologies and Carlisle Brake & Friction. However, plan-to-date, we are in line with our target of 5% organic growth.

Utilize the Carlisle Operating System (COS) consistently to drive efficiencies and operating leverage, reducing costs annually by 1-2% of sales.

In 2019, we delivered gross savings and benefits of 1.8% of sales, bringing the total to over $430 million since the formal inception of COS in 2009.

Re-shape the portfolio with synergistic acquisitions while we continue to review and optimize our assets.

We deployed over $600 million on eight strategic acquisitions. These acquisitions included:

  • Petersen Aluminum Corporation, a manufacturer and distributor of market-leading architectural metal roof panels for commercial, residential, institutional, industrial and agricultural markets to expand our Architectural Metal platform within CCM.
  • Hosco Fittings, Integrated Dispense Solutions, Shinhang and Ecco Finishing form the basis of a Sealants and Adhesives platform within CFT.
  • MicroConnex and Providien, in addition to earlier acquisitions in the medical technologies space, will allow CIT’s Medical Technologies platform to become a one-stop shop for medical device customers.
  • Gripnail, which specializes in fasteners for metal surfaces, is now part of CCM’s WIP (Water and Ice Protection) roofing underlayment product line.

Continue to invest in and develop exceptional talent.

In 2019, Carlisle continued to offer robust career development programs to high professional and high-potential employees with the goal of filling open positions through internal promotion whenever possible.

Deploy over $3 billion into capital expenditures, share repurchases, and dividends.

In year two of Vision 2025, Carlisle continued to return to shareholders record amounts of capital, including:

  • $382.1 million of share repurchases. As of December 31, 2019, Carlisle has an additional 4.9 million of shares authorized to purchase under current Board authorization.
  • $102.9 million of dividends paid, raising dividends in 2019 for the 43rd consecutive year.
  • Capital expenditure investment of $88.9 million into our businesses to drive organic growth.