Carlise Companies posts 5.8 percent sales gain
Carlisle Companies Incorporated reported net sales of $562.0 million for the quarter, a 5.8% increase from $531.3 million in the first quarter of 2009.
Organic sales increased by 1.9% from the prior year, with sales growth in the Construction Materials, Engineered Transportation Solutions and Interconnect Technologies segments.
Income from continuing operations increased 109% to $23.0 million, or 37 cents per diluted share, compared with $11.0 million, or 18 cents per diluted share, in the first quarter of 2009.
In the Engineered Transportation Solutions segment, Q1 sales of $212.1 million
increased by 4.0% compared to net sales of $204.0 million, while EBIT decreased 16% to $13.6 million from $16.2 million for the same period in 2009. Higher volume in the power sports and transmission belt product lines were partially offset by volume declines in the outdoor power equipment market.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
