Overview
- Carlisle manufactures waterproofing, roofing, and insulation systems that secure building envelopes for commercial and residential projects.
- From 2010 to 2024, revenue quadrupled while adjusted EBITDA rose nearly eightfold as margins roughly doubled.
- The company is presented as the only building-products and light-commercial firm with over $2 billion in sales to achieve free-cash-flow margins above 15% and return on invested capital above 25%.
- Updated energy-efficiency standards, more frequent severe weather, and longer warranty expectations are boosting demand for higher-performance materials.
- Despite cyclicality and declines in 2009 and 2020, Carlisle rebounded to record sales, with commercial roofing driving about three-quarters of revenue and a larger share coming from replacement work.