Carlisle Reports Reduced Q3 Net Income
Carlisle Companies Incorporated has reported net sales of US$832.5 million for the quarter ended September 30, 2008, a 14 per cent improvement over net sales of $730.4 million in the third quarter of 2007. Transportation product net sales were $205.2 million for the third quarter 2008, an increase of six per cent compared with net sales of $193.3 million in 2007. Softness in the consumer outdoor power equipment (OPE), high-speed trailer tyre and wheel, and styled wheel markets was offset by growth in the commercial OPE, ATV, and agricultural and construction tyre and wheel markets. Sales growth for specialised and pneumatic trailers more than offset continued softness in construction trailers, says the company.