Allegion Q1 EPS $1.40 ($1.58 adj.) beat; raises FY2023 outlook

Allegion plc

2023-Q1 EPS reported $1.40 revenue$923,000,000

Revenue $923M, up 27.6% reported (+15% organic); Americas +42%, International -9.7%.
Adjusted operating margin 20.8%, up 290 bps YoY on price/productivity and non-residential volume.
Adjusted EPS $1.58 (+39.8% YoY); raised FY2023 adjusted EPS outlook to $6.55-$6.75.
Full-year organic revenue growth outlook raised to 5.5%-7.5%; available cash flow guidance $480-$500M.
Access Technologies acquisition contributed $103.1M to Americas revenue; electronics growth >30%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Allegion plc reported first-quarter 2023 results: revenue $923.0 million, net income $123.5 million, EPS $1.40. Guidance raised.

Period: first-quarter 2023
Revenue: $923.0 million
Net income: $123.5 million
EPS: $1.40
Guidance: raised
Result: reported results

Exact text from the filing

ALLEGION REPORTS FIRST-QUARTER 2023 FINANCIAL RESULTS, RAISES FULL-YEAR 2023 OUTLOOK • First-quarter 2023 net earnings per share (EPS) of $1.40, compared with 2022 EPS of $1.05; First-quarter 2023 adjusted EPS of $1.58, up 39.8% compared with 2022 adjusted EPS of $1.13 • First-quarter 2023 revenues of $923.0 million, up 27.6% on a reported basis and up 15.0% on an organic basis • First-quarter 2023 operating margin of 18.5%, compared with 2022 operating margin of 16.2%; Adjusted operating margin of 20.8% up 290 basis points compared with 2022 adjusted operating margin of 17.9% • Raising full-year 2023 reported revenue growth outlook to 11.5% to 13.5% and full-year 2023 organic revenue growth outlook to a range of 5.5% to 7.5% • Raising full-year 2023 EPS outlook to a range of $5.95 to $6.15 and adjusted EPS outlook to a range of $6.55 to $6.75 (+9.3% to +12.7% vs. prior year)

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Allegion plc filing history →

Source: SEC EDGAR

accession 0001579241-23-000021

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.