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Carlisle Cos. reports higher net income in 1Q

Charlotte-based Carlisle Cos. said it had first-quarter 2011 net income of $33.4 million, or 53 cents per diluted share, up from net income of $24.3 million, or 39 cents per diluted share, for the first quarter 2010.

Carlisle said its acquisition late last year of Cleveland-based Hawk Corp. contributed $76.2 million in sales in the first quarter of 2011.

Hawk supplies materials for brakes, clutches and transmissions.

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