Carlisle transportation unit in red for Q4

ERJ staff report (TB)

Charlotte, North Carolina — Carlisle Cos. Inc.’s Transportation Products division – which includes the firm’s Carlisle Tire & Wheel business unit – fell $3.1 million into the red in the fourth quarter on lower sales and higher raw material costs.

Division sales in the fourth quarter fell 8.2 percent to $170.1 million as continued softness in the lawn and garden, high-speed trailer, styled wheel and construction trailer markets offset gains in the agricultural and construction tire and wheel markets, Carlisle said.

The unit’s full…

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