and in operating to significant goals our $XX continue driving had per record XXXX presentation. of towards to operating X XX% all sales the Carlisle pleased margin everyone. Vision $X I'm to turn Please Thanks ROIC, quarter we headway report XX% earnings billion to income of and afternoon share. revenue, and Slide Jim. Good make fourth of
over Carlisle achieving organically a operating with and improvement culture, drivers include, operational building the reminder, expenditures, Vision and in utilizing continuous capital with share acquisitions, exceptional billion scale of a synergistic As driving and into leverage, the repurchases investing XXXX $X deploying system, blocks building growing X% dividends. talent
XXXX new and We progress continuous out growth are pleased acknowledging opportunities in delivering seek improvement our our income. of for us drives to sales while towards culture operating with Vision
strong synergistic journey Highlights balance return to revenues, share organic include, of X% within since billion our our of gross Vision $XXX of our X% target, in of far utilizing and increasing growth from deploying our Vision flow dividends. benefits X% of XX.X% form savings acquisitions strategic to operating over line to cash sheet million driving and the shareholders in XXXX and of range of XXXX, into margin so long-term revenue and launching and with achieving to our capital capital XX targeted repurchases $X COS over
Turning full XXXX very of to demand continued to Slide benefiting higher from return underlying backdrop year well, operational integrations. the against of our strong Companies global & execution on performed in improvements profitability exposure exposure Brake continued growing American construction demand business, challenging in medtech, through strong the solid our to Friction North a in for re-roofing, and increasing effort COS in markets, X, conditions, aerospace, levels M&A Carlisle significant
declines. million We over XXX year-over-year Some of expanding XXX%. of exhibiting growth contributing quarters flow multiple line rate with X% generated up for on points to a XX.X%. segments global $XXX all X% strong diluted enduring of operational cash per basis performance to Strong share, increased specific include growth. revenues $X.XX of sales grew income XX% top Operating at year-over-year. year-over-year total leverage highlights of generated margins earnings our converting free XX% grew Pricing the organically despite year-over-year XXXX production year, or X% in approximately close industrial
per deployed commitment our over in return we year. dividend on of our dividends. dividends. And strategic $XXX shareholders, to million on We increased of shares $XXX finally $X eight the consecutive acquisitions increasing repurchased over our annually, to to during XX% million $XXX over and we share capital paid million XXrd Executing year
are and evidenced status is a and leading innovation, to product its our be backdrop introduced CIT. leadership, We best-in-class superior XXXX profile. CCM about account progress segments, operating excited income. XX% and largest our a in over through continues operating re-roofing strong and for particularly Vision over segment building revenue in the far, CCM increasing products supplier in XX% market service, XXXX price and two high-teens and thus They of of income total a industry
to past over new have known spent Over contractors to which in very platform investments and made, million and CCM platforms, and metal in manufacturing, has and distributors remained the build polyurethane decade, as service I And development, the an customer Experience, to leading pleased Carlisle the businesses. come our Carlisle $XXX the Construction own industry and businesses. in research rely drive into team has efficiencies on namely productivity their architectural progress expanding with Materials
XXX press and that on for the uncertainty been service surrounding CIT, ultimately has there has MAX return clearly date grounding Reflecting to created X Boeing significant uncertainty supply around chain.
XXXX these Carlisle, public comments. through half being anticipate in by we at line with least For the impacted conditions of first Boeing's
not situation an the in viewing the interruption this aerospace as While delay revenue. consistent to in as CIT’s markets, we growth sales, lost a are we realize
expect the of We our XXX returns resumption normal to MAX when service. X deliveries
content very as driven given aerospace maintain years, the business build we as the needs. for We and per globally, growing in remain data outlook air – coming for plane, aircraft rising global demand travel sustained electrification by well optimistic increasing a rates
us this expertise, position Our to supplier commercial in aerospace continue OEMs. long-term strong markets as we to and in and position to our leading will to brand leverage growth aerospace well global synergistic a customer relationships the pursue acquisitions and drive engineering reputation attractive space
presence. European announced XXXX. and commercial to major geographic and diversifies commitment at Reinforcing defense and our space we aerospace, October position Fileca of customers acquire augments this, in enhances our Fileca our
of of acquisition first expect Fileca the quarter closure in finalize the We XXXX. the to
We will of a and transition and to technologies has platform interconnect balanced within solutions. to also portfolio This build strong platform our profitability CIT continue characteristics out medical CIT. growth more
We aging technology accomplish intend populations on and a level equipment demanding and higher through globally. organically that are both growth acquisitions, this medical to of capitalizing
towards continue a We work solutions offering building more comprehensive OEMs. to out medical of our manufacturing to
product provider Our million a Providien including leverageable synergistic our a acquisitions Providien comprehensive into significant In a medical sales. manufacturing, with to medtech sales represents contract technologies is recent $X metals, to of OEMs, for over in medical acquisition of and molding. injection the global billion invest platform. expanding we the years, establishing medical offerings platform leading machining seek step grow Providien precision and will device solutions $XXX thermoforming medical coming significant of annual and in capital device
predicted and have industrial XXXX at drove time impacts Fluid new ultimately was China markets negative and XXXX about team products. expanding one-third. an our CFT’s with goals. new four this that to and trade XX production volumes Despite lead The progress entering on Brexit global U.S. and products, of Sealants into times their made Turning reducing introducing in by this progress, year focus a increasingly Vision the drove at negotiations and declines in new from Adhesives on Technologies, last efficiencies, fronts, further XXXX all acquisitions, introducing throughout year, manufacturing overshadowed substantial customer as improving driving CFT environment making satisfaction, progress almost XXXX these we market towards
a capital we capital and we envisioned cash strategic balance introduced free continues organic flow investments, both XXXX, When sheet shareholders. On offer flexibility. to deployment, Vision optionality significant of acquisitions growth our balanced returning financial strong us to and and approach
past in plan. of billion share our spending total Vision XXXX we the our years, repurchases, three contemplated been opportunistic exceeding in have notably For level the buyers over stock, $X
forward, our our XXXX key approach remain in balanced EPS yet will Going driving of $XX vision. with for we the focus opportunistic by
the performance in team to to of momentum developed reporting steering of ESG governance we our In environmental, XXXX, established around Sustainability process, continued position we with to elevated the addition committee, XXXX financial an ESG Director our issues. directly and report are generated social In the has an our pleased responsible to to steward We're our customers, investors, we in the and Carlisle with XXX-year report communities plan our the but share the excited in We're ESG lifetime. established and of beginning first which corporate reporting CEO journey, progress through has a publish been our ESG operate. at XXXX. strong always
made gender management team. diversifying Board In in made actions, our $XX have we a and progress gender our hour Directors and U.S. a have addition commitments minimum wage per to balanced pay equity, these of to ensuring in operations,
billion, making as of that In generated people fourth the Now in to revenue we record record greater led year-over-year XX% in of please prior operating increased a EPS consecutive the $XXX income, in to fourth XX% We to our $X.XX confirming factories, detail. quarter million X.X% increase and Slide our Carlisle a X, results are XXth look of quarter our right turn quarter, quarter growth. year-over-year, $X.XX our in up year, which system. investments operating over fourth diluted the we at
segments, materials continued the lower raw excellent results margin from from in demand discipline all CCM. company. quarter solid driven Fourth raw at throughout were Benefits costs by and expansion gained COS price and – efficiencies
including construction year-over-year, strong addition reflecting of and and XX% growing growth, in early organic XX% commercial X% demand, product over XXXX. year-over-year sales grew Petersen revenues re-roofing CCM the new
tight strong a re-roofing labor backlog see solid markets, of work North to continue in We America, and tight demand capacity.
be in XQ to all pricing in We we labor time, Experience outlook. performance and remaining by products XXXX operating and and deliver Carlisle demonstrates the coupled and of in tight, value costs the very customers price CCM general we experienced especially enhances result Experience our right XXXX positive inflation addressing into the instituted solid the value at markets XXXX The appreciated in bring delivering distributors. market our will market. customers right our the place, in ability increase mid-January to roofing supporting the of costs. recognized with right Carlisle to and providing training leadership, innovation product the customers. at its and a trends industry-leading continue CCM’s on With roofing the all our We to in continues our believe to believe
solid in quarter product continued reflecting X.X% traditional and technologies our lines grew revenues CIT, platform. medical progress At our continued fourth aerospace building in performance in the
the earlier in QX Within pressures in us the discussed began which aerospace MAX from substantial Boeing impacting market I X, XXX a the way.
the service planes affected be airlines lines remove are mid-single at when not the reluctant returns as product to to direct significant, service potential MAX are pressures growth to are in retrofits. resolved impact CIT and existing X These connectivity being long-term digit addition for will but from CAGR specifically impacts, the and upgrades our also In will we our
acquisition We of talent the team. were and Bill the Within Gerard, the the Medical of significant of Technologies fourth have his extremely the event acquired quarter President to in Providien platform Providien. was pleased
providers, technology of medical In leadership vision and addition leading accelerate capital Bill’s to the developed solutions ensure the they have us our growth growth areas. most help and to world-class the portfolio allocate product for will meaningful we
primarily trade of developments inject operating We the Tier by automotive well, lower both sales capital sales margin quarter Notably, turn Ecco spending. return CFT’s declined declines to fourth accounts. was significant automotive in that and tracking acquisitions integration a Finishing China and volumes CFT Shinhang production. remain production multi a in investment reflecting global in IDS, level and that X year-over-year U.S. are industrial from global quarter in Hosco, standpoint. hopeful decline certainty and promotes impacted of from and a normalize and the X.X%
price plans make proposition, As including and of that our XXXX to new continues markets, entering reflective progress initiatives acquisitions. of market gains their mentioned on their deliver value products, launching vision share new enhancing through earlier, portfolio drive product will continuing to CFT their
CBF fourth significant and the ongoing CBF Ohio in to Despite major demand. declined in continued in the gains Medina, CBF; cyclical and CBF programs. double-digit closure demand markets Oklahoma declines, and Turning facility integration their agriculture XXXX, benefits these revenue year-over-year. to its efforts exhibit of capture marked and both sales to In restructuring its end of After from activities XX.X% XXXX quarter accelerating destocking at decreases extraordinary was mining markets an XXXX construction, by Tulsa, and COS and into around global manufacturing amount OEMs. the continued the
now review our balance our about sheet provide will performance Bob further fourth quarter and detail cash financial flow. and Bob?