secwatch.observer — SEC 8-K summary
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Issuer:     Allegion plc (ALLE)
CIK:        0001579241
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001579241-21-000072
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegion Q3 misses; revenue down 1.6%, adjusted EPS falls 6.6% to $1.56
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- Q3 2021 net revenue $717M, down 1.6% YoY; GAAP EPS $1.59 vs $1.58, adjusted EPS $1.56 vs $1.67.
- Adjusted operating margin fell 330 bps to 20% due to higher material/freight costs and supply chain pressures.
- Americas segment revenue down 2.7% (high-single digit residential decline); International up 1.7%.
- Reaffirmed FY2021 outlook: reported revenue growth 4-4.5%, adjusted EPS $5.00-$5.10, available cash flow $460-480M.
- Repurchased ~0.1M shares for $12.9M in Q3; backlog at record levels due to electronic component shortages.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579241/000157924121000072/0001579241-21-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579241/000157924121000072/alle-20211021.htm
  HTML page:      https://secwatch.observer/filing/0001579241-21-000072

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