CHARLOTTE, N.C. (Feb. 3, 2010)—Carlisle Companies Inc. reported big increases in income for the 2009 fourth quarter and full year, despite declines in sales.
Favorable raw material pricing and lower interest expenses were among the reasons the company achieved net income of $35.9 million in the three-month period, compared with $13.7 million a year earlier. Income from continuing operations increased 131 percent to $35.6 million.
Sales fell across all the companies segments, to an overall 15-percent decline to $555.2 million for the final period of 2009.
For the year, the company recorded a 159-percent rise in net income to $144.6 million, while sales declined 23 percent to $2.38 billion.