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Segment Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company reports its results of operations through two segments, each of which represents a reportable segment as follows: Carlisle Construction Materials ("CCM")—this segment produces a complete line of premium single-ply roofing products and warranted roof systems and accessories for the commercial building industry, including ethylene propylene diene monomer (“EPDM”), thermoplastic polyolefin (“TPO”) and polyvinyl chloride (“PVC”) membrane, polyiso insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings. Carlisle Weatherproofing Technologies ("CWT")—this segment produces building envelope solutions that effectively drive energy efficiency and sustainability in commercial and residential applications. Products include high-performance waterproofing and moisture protection products, protective roofing underlayments, fully integrated liquid and sheet applied air/vapor barriers, sealants/primers and flashing systems, roof coatings and mastics, spray polyurethane foam and coating systems for a wide variety of thermal protection applications and other premium polyurethane products, block-molded expanded polystyrene insulation, engineered products for HVAC applications, and premium products for a variety of industrial and surfacing applications. Carlisle's chief operating decision maker ("CODM") is its Chief Executive Officer. The CODM uses segment operating income in the annual budget and forecasting process. The CODM considers forecast-to-actual variances on a quarterly basis when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses operating income to assess the performance of each segment and determine the compensation of certain employees. Summary financial information, including significant expenses, by reportable segment follows:
|  |  |  | Year ended December, 31 2024
(in millions) |  |  |  | CCM |  | CWT |  | Total
Revenue |  |  |  | $ | 3,704.3 |  |  | $ | 1,299.3 |  |  | $ | 5,003.6 |
Cost of goods sold |  |  |  | 2,239.0 |  |  | 873.1 |  |  | 3,112.1 |
Selling and administrative expenses |  |  |  | 362.7 |  |  | 238.2 |  |  | 600.9 |
Research and development expenses |  |  |  | 23.7 |  |  | 11.7 |  |  | 35.4 |
Other operating (income) expense, net(1) |  |  |  | (5.4) |  |  | 2.7 |  |  | (2.7) |
Segment operating income |  |  |  | 1,084.3 |  |  | 173.6 |  |  | 1,257.9 |
Corporate and unallocated operating expense |  |  |  |  |  |  |  | 114.8 |
Interest expense, net |  |  |  |  |  |  |  | 73.3 |
Interest income |  |  |  |  |  |  |  | (60.3) |
Other non-operating expense |  |  |  |  |  |  |  | 19.2 |
Income from continuing operations before income taxes |  |  |  |  |  |  |  | $ | 1,110.9 |
(1)Primarily relates to lease terminations, insurance settlements, and litigation settlements.
|  |  |  | Year ended December 31, 2023
(in millions) |  |  |  | CCM |  | CWT |  | Total
Revenue |  |  |  | $ | 3,253.4 |  |  | $ | 1,333.5 |  |  | $ | 4,586.9 |
Cost of goods sold |  |  |  | 2,035.4 |  |  | 910.2 |  |  | 2,945.6 |
Selling and administrative expenses |  |  |  | 287.3 |  |  | 219.6 |  |  | 506.9 |
Research and development expenses |  |  |  | 18.0 |  |  | 10.7 |  |  | 28.7 |
Other operating (income) expense, net(1) |  |  |  | (1.2) |  |  | 5.1 |  |  | 3.9 |
Segment operating income |  |  |  | 913.9 |  |  | 187.9 |  |  | 1,101.8 |
Corporate and unallocated operating expense |  |  |  |  |  |  |  | 119.0 |
Interest expense, net |  |  |  |  |  |  |  | 75.6 |
Interest income |  |  |  |  |  |  |  | (20.1) |
Other non-operating income |  |  |  |  |  |  |  | (3.1) |
Income from continuing operations before income taxes |  |  |  |  |  |  |  | $ | 930.4 |
(1)Primarily relates to (gain)/loss on sale of fixed assets, litigation settlements, and fixed asset impairments.
|  |  |  | Year ended December 31, 2022
(in millions) |  |  |  | CCM |  | CWT |  | Total
Revenue |  |  |  | $ | 3,885.2 |  |  | $ | 1,564.2 |  |  | $ | 5,449.4 |
Cost of goods sold |  |  |  | 2,403.5 |  |  | 1,181.0 |  |  | 3,584.5 |
Selling and administrative expenses |  |  |  | 296.6 |  |  | 221.4 |  |  | 518.0 |
Research and development expenses |  |  |  | 11.2 |  |  | 7.8 |  |  | 19.0 |
Other operating (income) expense, net(1) |  |  |  | (1.1) |  |  | 25.4 |  |  | 24.3 |
Segment operating income |  |  |  | 1,175.0 |  |  | 128.6 |  |  | 1,303.6 |
Corporate and unallocated operating expense |  |  |  |  |  |  |  | 98.8 |
Interest expense, net |  |  |  |  |  |  |  | 85.9 |
Interest income |  |  |  |  |  |  |  | (6.8) |
Other non-operating expense |  |  |  |  |  |  |  | 2.0 |
Income from continuing operations before income taxes |  |  |  |  |  |  |  | $ | 1,123.7 |
(1)Primarily relates to fixed asset and intangible asset impairments. Other financial information by reportable segment follows:
(in millions) |  | Depreciation and Amortization |  | Capital Expenditures
2024 |  |  |  |
Carlisle Construction Materials |  | $ | 80.7 |  |  | $ | 65.5 |
Carlisle Weatherproofing Technologies |  | 88.3 |  |  | 35.4 |
Segment Total |  | 169.0 |  |  | 100.9 |
Corporate and unallocated |  | 3.6 |  |  | — |
Total |  | $ | 172.6 |  |  | $ | 100.9 |
2023 |  |  |  |
Carlisle Construction Materials |  | $ | 57.0 |  |  | $ | 84.5 |
Carlisle Weatherproofing Technologies |  | 88.1 |  |  | 26.0 |
Segment Total |  | 145.1 |  |  | 110.5 |
Corporate and unallocated |  | 6.0 |  |  | 0.3 |
Total |  | $ | 151.1 |  |  | $ | 110.8 |
2022 |  |  |  |
Carlisle Construction Materials |  | $ | 55.6 |  |  | $ | 135.1 |
Carlisle Weatherproofing Technologies |  | 97.1 |  |  | 21.6 |
Segment Total |  | 152.7 |  |  | 156.7 |
Corporate and unallocated |  | 5.9 |  |  | 2.1 |
Total |  | $ | 158.6 |  |  | $ | 158.8 |
The Company does not report total assets by segment as this is not a metric used by the CODM to allocate resources or evaluate segment performance. Geographic Area Information Long-lived assets, excluding deferred tax assets and intangible assets, by region follows:
(in millions) |  | December 31, 2024 |  | December 31, 2023
United States |  | $ | 754.6 |  |  | $ | 654.8 |
International: |  |  |  |
Europe |  | 74.9 |  |  | 79.6 |
Other |  | 71.9 |  |  | 21.3 |
Total long-lived assets |  | $ | 901.4 |  |  | $ | 755.7 |
A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:
|  | 2024
(in millions) |  | CCM |  | CWT |  |  | Total
United States |  | $ | 3,373.7 |  |  | $ | 1,153.5 |  |  |  | $ | 4,527.2 |
International: |  |  |  |  |  |  |
Europe |  | 217.3 |  |  | 20.5 |  |  |  | 237.8 |
North America (excluding U.S.) |  | 85.0 |  |  | 109.7 |  |  |  | 194.7 |
Other |  | 28.3 |  |  | 15.6 |  |  |  | 43.9 |
Total international |  | 330.6 |  |  | 145.8 |  |  |  | 476.4 |
Total revenues |  | $ | 3,704.3 |  |  | $ | 1,299.3 |  |  |  | $ | 5,003.6 |
|  | 2023
(in millions) |  | CCM |  | CWT |  | Total
United States |  | $ | 2,949.3 |  |  | $ | 1,180.8 |  |  | $ | 4,130.1 |
International: |  |  |  |  |  |
Europe |  | 192.7 |  |  | 19.1 |  |  | 211.8 |
North America (excluding U.S.) |  | 85.4 |  |  | 112.6 |  |  | 198.0 |
Other |  | 26.0 |  |  | 21.0 |  |  | 47.0 |
Total international |  | 304.1 |  |  | 152.7 |  |  | 456.8 |
Total revenues |  | $ | 3,253.4 |  |  | $ | 1,333.5 |  |  | $ | 4,586.9 |
|  | 2022
(in millions) |  | CCM |  | CWT |  | Total
United States |  | $ | 3,526.2 |  |  | $ | 1,397.8 |  |  | $ | 4,924.0 |
International: |  |  |  |  |  |
Europe |  | 233.8 |  |  | 18.8 |  |  | 252.6 |
North America (excluding U.S.) |  | 98.0 |  |  | 127.8 |  |  | 225.8 |
Other |  | 27.2 |  |  | 19.8 |  |  | 47.0 |
Total international |  | 359.0 |  |  | 166.4 |  |  | 525.4 |
Total revenues |  | $ | 3,885.2 |  |  | $ | 1,564.2 |  |  | $ | 5,449.4 |
Customer Information Revenues from Beacon Roofing Supply, Inc. accounted for approximately 17.8%, 16.4% and 13.2% of the Company’s consolidated revenues during the years ended December 31, 2024, 2023 and 2022, respectively. Additionally, revenues from ABC Supply Co. accounted for approximately 15.9%, 15.3% and 13.2% of the Company's consolidated revenues during the years ended December 31, 2024, 2023 and 2022, respectively. Sales to both of these customers originate in the CCM and CWT segments. No other customers accounted for 10.0% or more of the Company’s total revenues for the years ended December 31, 2024, 2023 and 2022.

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- Definition The entire disclosure for reporting segments including data and tables. 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