Allegion Q3 EPS $1.77, adj. EPS $1.94; raises FY2023 adj. EPS guidance

Allegion plc

2023-Q3 EPS reported $4.78 revenue$2,753,400,000

Net earnings $156.3M ($1.77 EPS) vs $1.30 YoY; adjusted EPS $1.94 vs $1.73, up 12.1%.
Revenue $917.9M, up 0.5% reported, down 0.6% organic; mid-teens organic growth in electronics.
Americas segment flat organic; non-residential grew low-single digits, residential declined low-teens.
FY2023 adjusted EPS outlook raised to $6.80-$6.90; revenue guidance affirmed at 11.5%-12.5%.
Year-to-date available cash flow $320.4M, up $94.8M YoY; total debt $2,017.7M.

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 0.95

Allegion plc reported third quarter 2023 results: revenue $917.9 million, net income $156.3 million, or $1.77 per share, EPS $1.77. Guidance raised.

Period: third quarter 2023
Revenue: $917.9 million
Net income: $156.3 million, or $1.77 per share
EPS: $1.77
Guidance: raised
Result: reported results

Exact text from the filing

quarter of 2022, unless otherwise noted) • Net earnings per share (EPS) of $1.77, up 36.2% compared with $1.30; Adjusted EPS of $1.94, up 12.1% compared with $1.73 • Revenues of $917.9 million, up 0.5% on a reported basis and down 0.6% on an organic basis • Operating margin of 21.0%, compared with 17.8%; Adjusted operating margin of 23.2%, up 110 basis points compared

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Source: SEC EDGAR

accession 0001579241-23-000048

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