secwatch.observer — SEC 8-K summary
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Issuer:     Allegion plc (ALLE)
CIK:        0001579241
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001579241-24-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579241/000157924124000032/0001579241-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579241/000157924124000032/alle-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001579241-24-000032

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