for Good us afternoon, XXXX on and thank joining earnings everyone, you our call. second quarter
improve collective stakeholders. to nice for our with Carlisle efforts evidence and for a the story to recovery second be team's proved The quarter our performance create of all earnings value
to second a for We their significant perseverance and in the are continued the quarter their contributions of employees challenges grateful all face for success. Carlisle to making
businesses. to commitment Most important team's is continuously improving our our
towards diversified building to portfolio of we becoming pure know, pivot play. you industrial in XXXX, decided a As product's Carlisle's businesses
goal. recently announced that step represents fulfilling sale important Our another towards CFT of
over is quarter that the complete. of providing Products our operations this Building represented businesses of almost evidence our from EBITDA second pivot continuing Our segment year, XX% in further
benefit an towards and greenhouse with reduction ones that providing that trends especially install. a less to will focus to on solutions continue innovative the buildings pivot energy-efficient and for a to portfolio in building We labor green products, believe from shareholders significant products demand our increased require gas allow
of continues we Carlisle Our XXXX. to the combined be factor recently buybacks primary shareholder one will capital total returns. year. devoted decision share was being sale brought superior of our use drive and a to be XXXX CFT CFT the our under date, $XXX That this in the themes superior to of our sale in a in to share with Vision capital goal proceeds approximately allocator When to repurchases of announced This our towards announced repurchases turn, desire million.
gains by efficiency distributors at its that related destocking of through difficult uncertainty second price At improved increases, a profitability. continued the was from CCM, our and quarters duration. the and teams quantity channel more management in our significantly challenge to COS. despite quarter, sales Margins been improved has and cost discipline, made X a excellent destocking drove volume The of last combination and collectively activity contractors
and us. supply enter the levels Based levels. half current behind the understand this second from of destocking to to XXXX, are of we on work substantial constraints we the work, we chain with majority XXXX demand contractors As and of believe performed that now reconcile related distributors issues of that and inventory XXXX have vast
material capturing Carlisle a second we XXXX as of segments, solid underlying positive entered price/cost focused gains half in demand, our our raw efforts CCM, on relationship. maintaining and all leveraging of with In the
another third earnings Carlisle solid together, shareholders we Taken focus confidence us the for these in give that areas deliver quarter. of performance will
be even more Building some Products near-term for weren't headwinds Our impacting businesses. the optimistic outlook would it if
North of about information well-published across roof. much impacted contractors' have America First and and on well-known foremost, year's negatively this the days temperatures extreme
in heat safely putting sphere XX ability temperatures over and roofing contractor These well-being days Phoenix of in XXX of schedule. on have employee have business elevated Carlisle degree-plus area, install excessive first. roofs every temperatures had contractor's we in safety warnings. to our Here Certainly, the played example, for and a role is
and an energy-efficient demand In market reroofing unique products. situation, products, these headwinds, tight still economic we particularly building have anticipate weather tighter for addition to the projects financing labor in growing Even uncertainty, contractors. with roofing due continued for for strong seen our delays in uptick to ever-present non-residential we conditions the
underlying need very by value to an bullish architects, of buildings others remain accelerating and usage, to owners, the drive and reroofing the local new emissions. for value innovative through We Carlisle's price on products energy contractors, given efficiency efficient decrease building our energy sustainable and gains upgrade demand, and and awareness strong runway creation governments increasing carbon
the returns markets, believe construction residential both Additionally, Carlisle combination and our Carlisle we the distribution that ability will increased significant share gains for and our customers drive nonresidential in will Operating our our and shareholders. through that opportunities the and expectations the of System partners exceed deliver for experience of to margin
backlog to its Our enhanced a savings. the business, and Reduction significant supporting in which been recently our Carlisle's healthy Act U.S., utilizing the drive reroofing rests confidence has and future assets energy emphasis a in of baseline by CCM, investment of on for further largest on of a multiyear pool activity projects Inflation
repair envelope revenue and demand through-the-cycle nondiscretionary CWT XX% growth. reliable Solid that sales approximately and the of provides throughout makes remodel building up residential
you for for emissions. many our increased to of and robust innovative global ability of coming pipeline market, to XX% know, need by energy accelerated R&D. the that in energy-efficient emissions buildings to reduction growing industry-leading drive Carlisle's solutions Our to proprietary for a well-known products close as carbon-related buildings investment account in new meet of from
subscription team's to Carlisle collective Our stakeholders. best-in-class to delivering experience all our the
comfortably strategy, of balance in strategic afforded to form for opportunistic internal This value-creating consistent fortress flow to excellent optionality and and allows and growing flexibility financial ability ability. shareholders by of fund repurchases. us and the cash disciplined, the initiatives a financial capital generating reliable growth dividend And Carlisle's share position strong return and Carlisle's sheet acquisition
the of second we EPS of with delivered pleased a results resumed very Slide $X.XX. quarter, as to consolidated Turning and to adjusted relates a company and of I'm adjusted reflection they In second million power were Please X. superb are our earnings as continuous improvement sales our have especially it of $X.X $XXX results. turn as billion, the the quarter we EBITDA on, trends margins. to
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CCM CWT new Turning continues the delivering Henry efforts generally realizing segment to was to Needless to of on into with our deal ahead synergies legacy acquisition exceptionally returns well are in the the with and expectations, the execute second CWT. in CWT. say, Revenues of outstanding profitability strong. integrating planned businesses job model. quarter The while of an exceptionally these original the were the team line
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has levels, pre-pandemic for than growth us potential higher giving future. significant CIT notably is backlog confidence foreseeable the that CIT's
together, is up that the points sales in XXXX Taken and forward. XXX EBITDA we leverage well year-over-year quarter, going leveraging to extremely expect solid second basis continue CIT in with
our to premier $XXX demonstrates to pivot XX% this into in being X. build sale another highest we order. CFT in solutions significant basis, products up efforts diversified agreement sell XXXX. Carlisle with we allocators from a consolidated represents XXXX, of forward this to the step Slide a of Technologies intention to constitute pure-play share million envelope definitive XXXX. commitment portfolio XX% turn approximately our of and with redeploy The a to our strategy energy now sales efficient businesses revenue our premier to In pro capital Fluid of to Carlisle a company, building forma from Building in Products line in repurchases expect for to capital an On building Please signed
facility newest for in and to share pleased today Slide Please is you Sikeston, in We the operational Missouri our sale all turn I'm manufacturing call product shipping that on to X. with of polyiso July. began
to in In as supply chain sustainability addition the systems, green employing was lead latest control recognized generation will times solar of Platinum We're sustainability load a and highest energy improve and proud of specifications, will lower building our facility base built carbon globally to power is certified customers. designed technology and the advancements achievement. the footprint current the Sikeston standards, symbol which that LEED to such including
to Please X. turn Slide
demonstrate right Our been has Carlisle. Vision XXXX that to the results for continue strategy
flow from generation a model, strong world-class provide to both achieve our strategic goals. to to financial business cash balance addition sheet flexibility In teams execute benefited excellent ambitious our and and and and proven we've
at the well-established forward. more focused, core path for and creation value and transformation of are strategy better Carlisle. to for future XXXX Carlisle's portfolio really stage sets Vision sustainable The pillars business understood a returning Our going higher remain
have outlined multiple strategic by Over the years our the guided announced the of challenges to despite clarity X few first mission ago. years, we faced as be teams continue vision our by last
committed of And under Vision working of year. later initiatives with of same of of and Lean of As that performance the to improvement and of exceeding new Vision milestones a XXXX many including were the of XXXX, strategic Vision a our will new goals year, Vision we to XXXX will Sigma be EPS, to we our it COS. goal formally the successor last a and GAAP use approach the many our completion we are part of principles continuous plan expectations be that on required levels plan come this simultaneously culture and establish introduced will pillars XXXX. of $XX
in to the three, Carlisle a shareholders. growth; organic and our to four, aforementioned reminder, a System, or two, COS, investment sustainable Carlisle capital acquisitions; value scale drive one, build to greater including M&A maintain of to accretive the under Operating foundational approach improvement returning utilize As growth, include: at Vision a drive creation XXXX continuous mid-single-digit efficiency organic allocation drive capital returns-focused our our disciplined with and synergistic operations; strategy, strategy revenue pillars
far to develop without we've rely million thus dividends. on, repurchases and $XX course, $XXX in invest to of and none of XXXX, continuing in our returned paid with Notably, be million of $XXX million talent. this share exceptional in shareholders possible And could
Through Carlisle the a and absolutely Vision solid decentralized culture of be foundation XXXX, creation a management core value beyond XXXX execution guide which style, XXXX has built entrepreneurial workplace, spirit journey to continuous our our and and continue strategic improvement, of plan. diversified a will Vision leveraging in to
I'll that, well Kevin turn provide as additional to with updated financial XXXX it our outlook. as And to Kevin? details over
