Carlisle Companies Incorporated (NYSE:CSL) has announced its Q4 2023 financial results, which have broken records. The company's GAAP diluted EPS was $3.91, and its adjusted EPS was $4.17. While revenues declined slightly by 1.9% YoY to $1.1 billion, the company's operating and adjusted EBITDA margins expanded significantly by 440 basis points YoY, indicating an upward trend in profitability.
Despite a slight decrease in revenue, Carlisle accomplished significant achievements in 2023. The company repurchased an impressive 3.5 million shares worth $900 million and launched its Vision 2030 strategy. This strategy aims to achieve an ambitious adjusted EPS target of $40 and involves divesting CIT to focus solely on building products. The company's future looks promising, with expectations of mid-single-digit revenue growth and expanding EBITDA margins for 2024.