earnings
confidence high
sentiment positive
materiality 0.75
Allegion Q2 adjusted EPS $1.76 (+23.1%); raises FY EPS outlook to $6.70-$6.80
Allegion plc
2023-Q2 EPS reported
$3.01
revenue$1,835,500,000
- Q2 net revenue $912.5M (+18% reported, +5.6% organic); net EPS $1.61, adjusted EPS $1.76.
- Americas revenue +23.8% (organic +7.7%); electronics growth ~40% offset lower mechanical volume.
- Adjusted operating margin 22.2% (+130 bps); YTD available cash flow $190.1M (+$105.6M).
- FY guidance: reported EPS $6.10-$6.20, adjusted EPS $6.70-$6.80; ACF $500-$520M.