secwatch.observer — SEC 8-K summary
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Issuer:     Allegion plc (ALLE)
CIK:        0001579241
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0001579241-21-000066
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegion revises FY2021 outlook lower; revenue growth 4-4.5%, EPS $4.95-$5.05
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- Full-year 2021 revenue growth revised to 4-4.5% reported, 3-3.5% organic; EPS $4.95-$5.05 (GAAP), adjusted EPS $5.00-$5.10.
- Supply chain, electronic component & labor shortages delay $80M-$100M in 2021 revenue; backlogs at historically high levels.
- Margins pressured by supply chain inefficiencies, rising freight and material costs; challenges expected to subside in 2022.
- Adjusted effective tax rate reduced to ~9% on full-year basis due to favorable discrete items & geographic mix.
- Q3 2021 earnings release scheduled for Oct. 21, 2021; available cash flow estimated at $460M-$480M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579241/000157924121000066/0001579241-21-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579241/000157924121000066/alle-20211001.htm
  HTML page:      https://secwatch.observer/filing/0001579241-21-000066

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