secwatch.observer — SEC 8-K summary
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Issuer:     Allegion plc (ALLE)
CIK:        0001579241
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001579241-22-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegion Q2 adjusted EPS $1.37, raises FY22 guidance; CEO transition and Access Tech acquisition complete
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- Q2 GAAP EPS $1.30 (vs $1.31); adjusted EPS $1.37 (+3.8% YoY); revenue $773.1M (+3.5% reported, +6.4% organic).
- Americas segment revenue +7.8% (org +8%); non-residential up high teens, residential down mid-teens. International -8.5% (org +1.9%).
- FY22 outlook raised: reported revenue growth 13-14% (org 9-10%); adjusted EPS $5.35-$5.45; available cash flow $420-440M.
- John Stone assumed President and CEO on July 11, succeeding David Petratis who retired.
- Completed acquisition of Stanley Access Technologies from Stanley Black & Decker on July 5; financed with $600M notes and $340M revolver draw.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579241/000157924122000053/0001579241-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579241/000157924122000053/alle-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001579241-22-000053

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