Carlisle Companies To Reclassify Results Of Operations For Carlisle Interconnect Technologies As Discontinued Operations Effective For Q3
Portfolio Pulse from Benzinga Newsdesk
Carlisle Companies (CSL) will reclassify the results of operations for Carlisle Interconnect Technologies (CIT) as discontinued operations effective for Q3. CIT contributed revenues of $432.4 million, operating income of $30.6 million, and adjusted EBITDA of $69.7 million for the first six months of 2023.
October 10, 2023 | 8:15 pm
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The reclassification of CIT's operations as discontinued may impact CSL's financial reporting and potentially its stock price.
The reclassification of CIT's operations as discontinued means that CSL will report CIT's financial results separately from its continuing operations. This could lead to changes in CSL's reported earnings and other financial metrics, which could in turn affect investor sentiment and CSL's stock price.
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