Carlisle reported fourth-quarter adjusted earnings per share of $3.90, surpassing the consensus estimate of $3.60 and reflecting a 12% beat versus the street. While this marks a decline from $4.47 per share in the year-ago quarter, management emphasized disciplined cost controls and a favorable product mix as the primary drivers of the outperformance.

Total revenue for the quarter increased 2.1% year-over-year to $1.52 billion, bolstered by acquisitive contributions within the Roofing Systems and Construction Materials segments. Excluding acquisitions and foreign-exchange translation, organic revenues declined by 1.0%, driven by softer demand in North American specialty chemicals and project delays in the Building Envelope division.

Operating margin narrowed by 90 basis points to 14.0%, as freight and raw-material costs rose and pricing actions lagged inflationary pressures. As a result, Carlisle’s operating profit fell 8% year-over-year to $213 million, while net income declined 10% to $161 million. Free cash flow was $165 million, down 14% from the prior year, reflecting working-capital build in support of new product launches.