Allegion plc (NYSE: ALLE) reported Q1 EPS of $0.71, $0.02 better than the analyst estimate of $0.69. Revenue for the quarter came in at $548.8 million versus the consensus estimate of $537.54 million.

Highlights

• First-quarter 2017 net earnings per share (EPS) of $0.71, compared with 2016 EPS of $0.60; Adjusted 2017 EPS of $0.73, up 19.7 percent compared with 2016 adjusted EPS of $0.61, attributable to strong operational performance
• First-quarter 2017 revenue of $548.8 million, up 9.3 percent compared to 2016, up 8 percent on an organic basis
• First-quarter 2017 operating margin of 18 percent, compared with 2016 operating margin of 16.4 percent; Adjusted operating margin of 18.3 percent, improved 150 basis points compared with 2016 adjusted operating margin of 16.8 percent
• Affirming prior guidance for 2017 full-year revenue and raising full-year EPS outlook; Full-year 2017 reported and organic revenue growth of 5.5 to 6.5 percent; Full-year 2017 EPS guidance of $3.57 to $3.72 and $3.60 to $3.75 per share on an adjusted basis

GUIDANCE:

Allegion plc sees FY2017 EPS of $3.60-$3.75, versus the consensus of $3.69.

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