Carlisle posts third-quarter sales, earnings increases

Charlotte, North Carolina -- Carlisle Cos. Inc. reported earnings

before interest and income taxes from continuing operations of $69.5

million for the third quarter, a 31-percent increase over the same

period in 2005.

Net sales of $648.4 million from

continuing operations in the quarter were up about 19 percent over last

year. Organic sales growth accounted for $89 million, or 86 percent, of

the improvement over the prior-year quarter, primarily as a result of

strong showings in the company´s construction materials, specialty

trailer and wire and cable businesses.

Net income for the third quarter was $38.5

million, or $1.24 per diluted share, 96-percent higher than the $19.7

million, or 64 cents per diluted share, posted in the same period of

2005.

The Construction Materials unit, which

houses Carlisle´s rubber roofing business, posted net sales of $311.8

million in the third quarter, a 33-percent increase over the like

period of 2005, primarily due to higher membrane and insulation

volumes. The third quarter EBIT of $52.5 million was a 23-percent rise

over 2005.

The margin on earnings for the

Construction Materials unit declined slightly in the quarter due to

higher raw material costs and changes in sales mix, the company said.