What Carlisle Companies Incorporated told the SEC could break it.

Carlisle's building-products manufacturing relies on petroleum-based products, chemicals and resins (MDI, polyol, EPDM/TPO polymers, carbon black, coated steel); raw materials including inbound freight were ~66% of cost of goods sold in 2025, and increases may not be recovered through price.

“The Company utilizes petroleum-based products, chemicals, resins and other commodities in its manufacturing processes. Raw materials, including inbound freight, accounted for approximately 66% of the Company's cost of goods sold in 2025. Significant increases in the costs of these materials may not be recovered through selling price increases and significant disruption to the Company's supply chains or significant shortages of materials could adversely affect the Company's business, financial condition, results of operations or cash flows.”

Carlisle's CCM segment's two largest customers (QXO/Beacon and ABC Supply) were ~33% of consolidated revenues in 2025; losing either could have a material adverse effect on consolidated revenues and operating income.

“CCM serves a large and diverse customer base; however, in 2025 CCM's two largest customers represented 33% of the Company's consolidated revenues. The loss of either of these customers could have a material adverse effect on the Company's consolidated revenues and operating income.”

Many of Carlisle's products are produced at a limited number of manufacturing locations; significant damage or prolonged disruption (e.g. natural disasters) at these facilities could materially affect the business.

“The Company has made substantial investments in manufacturing facilities, and many products are produced at a limited number of locations. These facilities could be materially damaged or operations at these facilities could be materially disrupted by natural disasters, such”