bullish
Carlisle (CSL-US) 1Q23 Update
SUMMARY
- Carlisle’s earnings came in a little soft in the quarter, driven mostly by a greater magnitude of de-stock than first anticipated and some weather-related delays.
- In addition, the company lowered guidance for the year for CCM with a hit to both margins and volumes.
- I was already below guidance on margins for this year but I was too high on sales, and the deleverage has caused margins to come in <30% for 2023.
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