CSL · 10-K filed 13 Feb 2026 · year to 31 Dec 2025

Carlisle Companies

13 named things its latest annual report says its results depend on, each in the company's own words. 9 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

CCM two largest customers (roofing distributors)

earns from · 33% of the Company’s consolidated revenuesnamed as a risk

CCM serves a large and diverse customer base; however, in 2025 CCM's two largest customers represented 33% of the Company’s consolidated revenues.Business (Item 1)

Other companies

Residential construction market

earns fromnamed as a risk

For example, the CCM and CWT segments are susceptible to downturns in the commercial construction industry, particularly in the construction repair and replacement sectors, and the CWT segment is susceptible to downturns in the residential construction industry.Risk factors (Item 1A)

Also named by FERG, MKL

Commercial construction market

concentrated innamed as a risk

Most of the Company’s revenues and operating income are generated from the construction market.Risk factors (Item 1A)

Also named by IBP

Places

United States

concentrated in

CCM operates manufacturing facilities located throughout the United States, its primary market, and in Germany, the Netherlands, the United Kingdom ("U.K.") and Romania.Business (Item 1)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

Canada

operates in

CWT operates manufacturing facilities and distribution locations throughout the United States and Canada, its primary markets.Business (Item 1)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

Hazards

Adverse weather (rainfall, cold, snow)

named as a risk

Additionally, adverse weather conditions such as heavy or sustained rainfall, cold weather and snow can limit construction activity and reduce demand for roofing materials.Risk factors (Item 1A)

Also named by BLDR, JOUT, TREX

Commodities and inputs

Raw materials (petroleum-based products, chemicals, resins)

exposed to its price · approximately 66% of the Company’s cost of goods sold in 2025named as a risk

Raw materials, including inbound freight, accounted for approximately 66% of the Company’s cost of goods sold in 2025.Risk factors (Item 1A)

Also named by ECL, KDP, Q

Euro

exposed to its pricenamed as a risk

We are primarily exposed to the exchange rates of currencies including the Canadian Dollar, Euro, British Pound and Chinese Renminbi.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Asphalt

depends on

Key raw materials for this segment include MDI, silicone polymer, asphalt, glass mat, styrene and expanded polystyrene insulation bead.Business (Item 1)

Also named by OC, QXO

Methylene diphenyl diisocyanate (MDI)

depends on

Key raw materials for this segment include methylene diphenyl diisocyanate (“MDI”), polyol, EPDM polymer, TPO polymer, carbon black and coated steel.Business (Item 1)

EPDM polymer

depends on

Key raw materials for this segment include methylene diphenyl diisocyanate (“MDI”), polyol, EPDM polymer, TPO polymer, carbon black and coated steel.Business (Item 1)

Laws and programs

U.S. immigration laws

subject tonamed as a risk

Construction spending is affected by economic conditions, changes in interest rates, inflationary pressures, demographic and population shifts, new housing starts, impacts on labor availability from U.S. immigration laws, policies and practices and changes in construction spending by federal, state and local governments.Risk factors (Item 1A)

Also named by DRI, QXO, STRL

Import and export tariffs

subject tonamed as a risk

The Company also relies on global sources of raw materials, which could be adversely impacted by unfavorable shipping or trade arrangements, including import and export tariffs and global economic conditions.Risk factors (Item 1A)