Carlisle Companies (CSL) Q2 2023 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon. My name is JP and I will be your conference operator for today. At this time, I would like to welcome everyone to the Carlisle Companies Second Quarter 2023 Earnings Conference Call. [Operator Instructions].

I would like to turn the call over to Mr. Jim Giannakouros, Carlisle's Vice President of Investor Relations. Jim, please go ahead.

James Giannakouros

Thank you. Good afternoon, everyone, and welcome to Carlisle's Second Quarter 2023 Earnings Conference Call. We released our second quarter financial results after the market closed today, and you can find both our press release and earnings call slide presentation in the Investor Relations section of our website, carlisle.com.

On the call with me today are Chris Koch, Chair, President and Chief Executive Officer; and Kevin Zdimal, Carlisle's Chief Financial Officer. Today's call will begin with Chris providing highlights of our second quarter results and a discussion of our current business outlook, and Kevin will discuss additional financial details and our updated outlook for 2023. Following our prepared remarks, we will open up the line for questions.

But before we begin, please refer to Slide 2 of our presentation, where we note that comments today will include forward-looking statements based on current expectations. Actual results could differ materially from these statements due to a number of risks and uncertainties, which are discussed in our press release and SEC filings.

As Carlisle provides non-GAAP financial information, we provided reconciliations between GAAP and non-GAAP measures in our press release and in the appendix of our presentation materials, which are available on our website.

With that, I will turn the call over to Chris.

Christian Koch

Good afternoon, everyone, and thank you for joining us on our second quarter 2023 earnings call. The second quarter proved to be a nice recovery story for Carlisle with our performance evidence of the team's collective efforts to improve earnings and create value for all our stakeholders. We are grateful to all Carlisle employees for their continued perseverance in the face of significant challenges and for their contributions to making the second quarter a success.

Most important is our team's commitment to continuously improving our businesses. As you know, in 2021, we decided to pivot Carlisle's portfolio of diversified industrial businesses towards becoming a building product's pure play. Our recently announced sale of CFT represents another important step towards fulfilling that goal.