Allegion Q1 EPS $1.41, revenue down 3.2%; affirms FY2024 guidance

Allegion plc

2024-Q1 EPS reported $1.41 revenue$893,900,000

Net EPS $1.41, adjusted EPS $1.55 (down 1.9% YoY); revenue $893.9M, down 3.2% reported, 3.6% organic.
Adjusted operating margin 21.2%, up 40 bps from 20.8%; driven by price/productivity offsetting lower volumes.
Americas segment revenue down 4.3% organic; International down 0.8% organic; non-residential down mid-single digits.
Full-year 2024 guidance affirmed: reported EPS $6.45-$6.60, adjusted $7.00-$7.15; organic growth 1%-3%.
Acquired Boss Door Controls and Dorcas; repurchased ~$40M shares and paid $0.48 dividend per share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Allegion plc reported first quarter 2024 results: revenue $893.9 million, net income $123.8 million, EPS $1.41 per share. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $893.9 million
Net income: $123.8 million
EPS: $1.41 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Allegion reported first-quarter 2024 net revenues of $893.9 million and net earnings of $123.8 million, or $1.41 per share.

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Source: SEC EDGAR

accession 0001579241-24-000032

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