Carlisle Companies Incorporated (NYSE:CSL) Q4 2023 Earnings Call Transcript

Kevin Zdimal: Yes, CapEx is going to be a couple of key areas. One, the R&D. We’re going to continue to invest in the innovation and doing expansion there. We have, certainly with COS, there’s always cost reduction programs, whether it’s through automation and those types of investments. And we also for future growth. There will be some capacity, not new lines or anything like that, but additional investments that will enhance some of our growth overall.

Adam Baumgarten: Okay. And just on the January or if that was anything notable.

Kevin Zdimal: Not really. I would say not that we’ve heard from the division. I think one thing is this rain in California, and this atmospheric River that they talk about. I know Frank in the CWT team do a lot there on the retail side. Once those kind of things hit, obviously, leaks appear and things like that, and that tends to be something that gets stocked up. So probably have more of an impact here as we get into February a little bit further.

Operator: There are no further questions at this time. Please continue.

Chris Koch: Thanks, operator. Well, that concludes our fourth quarter ’23 conference call. I appreciate all the questions and the interest, and we look forward to talking to everyone soon. Thanks very much.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.