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Carlisle Companies Raises Second Quarter Earnings Expectations

CHARLOTTE, N.C., Jun 12, 2002 (BUSINESS WIRE) -- Carlisle Companies Incorporated (CSL) announced today that the company expects earnings per share in the second fiscal quarter ending June 30, 2002 to be in the range of $.75 to $.80 per share, above analysts' consensus of $0.60 per share.

Earnings per share for the second quarter of 2001 were $0.54 per share. Assuming the U.S economy continues to improve, earnings per share for the year are forecasted to be in the range of $2.25 to $2.35 per share. Richmond McKinnish, Carlisle's President and CEO, commented on the significant improvement, "We are experiencing a modest improvement in demand at a number of Carlisle companies and we are also seeing the positive results of our extensive cost-cutting and restructuring efforts. Carlisle Tire & Wheel and our automotive parts company, Carlisle Engineered Products, are having a particularly good quarter."
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