Carlisle Net Sales Increase in 2007
Carlisle Companies Incorporated reported net sales of US$675.5 million for the quarter ended December 31, 2007, an 11 per cent improvement over its fourth quarter 2006 net sales of $608.7 million. For the full year ended December 31, 2007, net sales were $2.88 billion, a 12 per cent increase over net sales of $2.56 billion in 2006. Organic growth of 7 per cent was driven by increased sales volumes across all reporting segments.
“2007 was another successful year for Carlisle with fourth quarter and full year sales growth in all of our segments,” commented company chairman, president and CEO David Roberts. “Our attention is now turned to the opportunities ahead. We have established a five year average sales growth target of 10 per cent and have set our sights on achieving a 15 per cent operating income margin by 2012. We plan to reach these goals through a combination of operating excellence and strategic growth.”
Roberts announced a number of Key management changes that he believes “will be critical in achieving our long-term objectives.” These changes include new additions along with new responsibilities for some established team members, including one addition in the area of tyres and wheels, as previously reported. “I am pleased to announce that Fred Sutter has joined Carlisle as group president of the Transportation Products Group managing the tyre and wheel business and the specialty trailer business,” stated Roberts.
Sutter joins Carlisle from Graco Inc. where he most recently served as vice president and General Manager of the Applied Fluid Technologies Division. During his tenure at Graco, Sutter also served as vice president of the Industrial and Automotive Equipment Divisions and as Vice President, Asia Pacific and Latin America. Sutter joined Graco from the Emerson Process Group, a division of Emerson Electric. Sutter holds a B.S. in Electrical Engineering from the University of Minnesota.