earnings
confidence high
sentiment neutral
materiality 0.75
Allegion Q1 adjusted EPS $1.07 (-10.8% YoY); raises FY22 revenue outlook, reaffirms EPS
Allegion plc
2022-Q1 EPS reported
$1.05
revenue$723,600,000
- Q1 net revenues $723.6M, up 4.2% reported and 6.4% organic.
- Adjusted EPS $1.07 vs $1.20 prior year, down 10.8%.
- Americas segment organic revenue +5.9%; non-residential up low-double digits, residential down mid-single digits.
- FY22 revenue outlook raised to 7.5-9% reported, 8.5-10% organic; adjusted EPS reaffirmed $5.55-$5.75.
- Announced acquisition of Stanley Access Technologies; expected close Q3 2022, subject to regulatory approval.