* Q4 EPS $0.51 vs. year-ago $0.58
* Sales up 20 pct in Q4
* Sees FY sales growth in mid-teens
Feb 7 Diversified manufacturer Carlisle Cos Inc
(CSL.N) posted a lower quarterly profit hurt by acquisition
charges and higher raw material costs, and forecast 2011 sales
growth in the mid-teens.
"While escalating raw material costs will continue to
pressure earnings, we expect EBIT (earnings before interest and
taxes) margins to improve during the year," CEO David Roberts
in a statement.
Charlotte, North Carolina-based Carlisle, whose markets
include construction materials, commercial roofing and power
transmission among others, posted a sales growth of 20 percent
in the October-December period and said demand strengthened in
nearly all its major product lines.
Carlisle's fourth-quarter net earnings fell to $32.2
million, or 51 cents a share, compared with 35.9 million, or 58
cents a share, a year ago. Net sales were $626.9 million.
Earnings from continuing operations were 35 cents a share.
Analysts on average were expecting earnings of 46 cents a
share on revenue of $566.3 million, according to Thomson
Results include a charge of $9.9 million, or 16 cents a
share, related to the acquisition of Hawk Corp in December for
Carlisle's shares closed at $38.85 on Friday on the New
York Stock Exchange.
(Reporting by A.Ananthalakshmi in Bangalore; Editing by
Jarshad Kakkrakandy) ((email@example.com;
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