earnings
confidence high
sentiment positive
materiality 0.75
Allegion Q2 beats; revenue $965.6M, adj EPS $1.96, raises full-year outlook
Allegion plc
2024-Q2 EPS reported
$3.18
revenue$1,859,500,000
- GAAP EPS $1.77 (up 9.9% YoY); adjusted EPS $1.96 (up 11.4% YoY).
- Revenue $965.6M, +5.8% reported, +5.2% organic; Americas +6.0%, International +5.2%.
- Adjusted operating margin 23.7%, up 150 bps from 22.2% YoY.
- Raises full-year 2024 outlook: revenue growth 2.5-3.5%, adj EPS $7.15-$7.30.
- Year-to-date available cash flow $176.0M; affirms full-year target $540-$570M; repurchased ~$40M in shares.