Carlisle Companies Incorporated reports record-breaking Q4 2023 results, with a slight revenue dip but a significant profitability rise; Vision 2030 strategy aims for $40 EPS.
Covenant Logistics Group (NASDAQ: CVLG) reported a 22% year-over-year decline in Q4, adjusted earnings per share to $1.07, with total revenue decreasing 7.4% to $273.9 million.
Carlisle Companies reported Q3 2023 adjusted earnings of $4.68 per share, exceeding analysts' estimate of $4.57 but showing a year-over-year bottom-line decline.
Surpassing expectations, stock still drops more than 10%, slowly recovering but still down at end of trading on Friday; roofing remains a bright spot in company financials
Owens Corning's Q3 2023 revealed mixed results: net sales matched the previous year at $2.5 billion, with earnings surpassing estimates but sales down more than 1.5%; roofing remains a bright spot.
Owens Corning operates like a well-oiled machine: reporting net sales of $2.6 billion, similar to the prior year-over-year quarter, and returning $160 million to shareholders through dividends and stock buybacks.
Beacon announced Q2 2023 results, beating Wall Street estimates slightly with earnings of $2.5 billion; the company attributed the sales increase to higher prices, acquired branches, and strategic investments.
Beacon, one of North America’s largest distributors of roofing supplies, released its first-quarter 2023 financials on May 4; the news was a mixed bag.