Carlisle Companies sales up 1.2 percent
Carlisle Companies reported net sales of $996.9 million for the second quarter, a 1.2% increase from the second quarter 2015.
Organic grew 0.7%. Net sales from the acquisitions of Micro-Coax, in the Carlisle Interconnect Technologies (CIT) segment, and MS Oberflächentechnik AG (MS Powder), in the Carlisle Fluid Technologies (CFT) segment, contributed a total of 0.5% to net sales in the second quarter. Foreign exchange rate fluctuations had a negligible impact to net sales in the second quarter.
Income from continuing operations increased 22% to $115.3 million, compared with $94.8 million in the second quarter 2015.
“Carlisle Fluid Technologies’ (CFT) net sales grew 11% in the second quarter reflecting 6.6% organic net sales growth and 4.7% contribution from the acquisition of MS Powder. CFT’s strong organic net sales growth primarily reflected higher sales growth in Asia and Europe.