Carlisle Companies Reports a 15% Increase in Second Quarter Earnings.
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Carlisle Companies Reports a 15% Increase in Second Quarter Earnings.
Business Editors
CHARLOTTE, N.C.--(BUSINESS WIRE)--July 15, 2003 Carlisle Companies Incorporated (NYSE:CSL) reported a 15% increase in second quarter net earnings of $28.6 million, or $.93 per share (diluted) over the second quarter 2002 net earnings of $24.7 million, or $.81 per share (diluted). Second quarter net sales of $554 million were slightly above second quarter 2002 net sales of $552 million. Net sales of $1.03 billion for the six month period ended June 30, 2003 were 2% above the first six months 2002 net sales of $1.01 billion. Net earnings in the first half of 2003 of $45.7 million or $1.49 per share (diluted) were 22% above $37.6 million or $1.23 per share (diluted) realized in the first six months of 2002, before the impact of a change in accounting principle required under SFAS 142. The implementation of SFAS 142 in 2002 resulted in a $43.8 million (net of income tax) reduction in the carr...See the full content of this document
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