CHARLOTTE, N.C. (Feb. 7)—Carlisle Cos. Inc. reported record sales of $1.85 billion in 2001, up 4 percent from 2000 sales of $1.77 billion, but its net earnings during the period slid 74 percent to $24.8 million. For the fourth quarter, Carlisle posted net earnings of $7.6 million on sales of $433.5 million, compared to net income of $10.6 million on sales of $413.3 million in 2000. Acquisitions and a 14-percent boost in the sales of its Construction Materials segment accounted for the increased revenue, Carlisle said. Within the segment, the company noted significant growth in shipments of rubber and plastic roofing membranes, accessories and insulation. Sales of Carlisle's rubber and plastic automotive parts fell 21 percent in the fourth quarter, while earnings dropped 41 percent compared to the year-earlier period.
Carlisle reports record sales but lower earnings for quarter, year
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