Allegion plc (ALLE) Tops Q3 EPS by 2c, Revenues Beat; Offers FY18 EPS Outlook
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Allegion Reports Third-Quarter 2018 Financial Results
October 25, 2018 5:30 AM EDTThird-quarter 2018 net earnings per share (EPS) of $1.21, compared with 2017 EPS of $0.94; Adjusted 2018 EPS of $1.23, up 20.6 percent compared with 2017 adjusted EPS of $1.02 Third-quarter 2018 revenue of $711.5 million, up 16.8 percent compared to 2017, up 8.5 percent on an organic basis Third-quarter 2018 operating margin of 20 percent, compared with 2017 operating margin of 20.9 percent; Adjusted operating margin of 20.9 percent, declined 140 basis points compared with 2017 adjusted operating margin of 22.3 percent due to dilution from acquisitions; 2018 acquisitions were dilutive to adjusted operating margins by 140 basis points Updating outlook for 2018 full-year revenue and... More
