Allegion Reports Second-Quarter 2020 Financial Results

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Go back to Allegion Reports Second-Quarter 2020 Financial Results

Allegion plc (ALLE) Tops Q2 EPS by 10c, Revenues Miss; Provides Updated FY20 EPS Guidance Above Consensus

July 23, 2020 5:48 AM EDT

Allegion plc (NYSE: ALLE) reported Q2 EPS of $0.92, $0.10 better than the analyst estimate of $0.82. Revenue for the quarter came in at $589.5 million versus the consensus estimate of $610.8 million.

Second-quarter 2020 net earnings per share (EPS) of $0.80, compared with 2019 EPS of $1.16; Adjusted 2020 EPS of $0.92, down 27 percent compared with 2019 adjusted EPS of $1.26Second-quarter 2020 revenues of $589.5 million, down 19.4 percent compared to 2019, down 18.5 percent on an organic basisSecond-quarter 2020 operating margin of 16.4 percent, compared with 2019 operating margin of 19.9 percent; Adjusted operating margin of 18.9 percent, compared with 2019 adjusted operating margin of 21.5 percentFull-year 2020 reported revenue... More