Allegion plc (NYSE: ALLE) reported Q1 EPS of $0.61, $0.03 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $502.3 million versus the consensus estimate of $502.53 million.

2016 Outlook

The company affirms full-year 2016 revenue guidance reflecting total growth of 7 to 8 percent and organic growth of 4 to 5 percent compared to 2015.

The company also affirms full-year 2016 reported EPS to be in the range of $3.15 to $3.35, or $3.25 to $3.40 per share on an adjusted basis. Adjustments to 2016 EPS include estimated impacts for known restructuring and acquisition activities. The guidance assumes a full-year adjusted effective tax rate of approximately 18 to 19 percent from continuing operations, as well as an average diluted share count for the full year of approximately 97 million shares.

The company continues to target full-year available cash flow of approximately $280 to $300 million.

For earnings history and earnings-related data on Allegion plc (ALLE) click here.