Allegion plc (ALLE) Tops Q2 EPS by 11c; Raises Outlook

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Go back to Allegion plc (ALLE) Tops Q2 EPS by 11c; Raises Outlook

Allegion Reports Second-Quarter 2017 Financial Results

July 27, 2017 5:30 AM EDT

Second-quarter 2017 net earnings per share (EPS) of $1.10, compared with 2016 EPS of $0.98; Adjusted 2017 EPS of $1.11, up 12.1 percent compared with 2016 adjusted EPS of $0.99, attributable to strong operational performance Second-quarter 2017 revenue of $627 million, up 7.2 percent compared to 2016, up 6.2 percent on an organic basis Second-quarter 2017 operating margin of 21.4 percent, compared with 2016 operating margin of 21.3 percent; Adjusted operating margin of 21.7 percent, improved 20 basis points compared with 2016 adjusted operating margin of 21.5 percent Raising guidance for 2017 full-year revenue and raising full-year adjusted EPS outlook; Full-year 2017 reported revenue growth of... More