Allegion plc (ALLE) Tops Q2 EPS by 10c, Revenues Miss; Provides Updated FY20 EPS Guidance Above Consensus
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Allegion Reports Second-Quarter 2020 Financial Results
July 23, 2020 5:30 AM EDTSecond-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 $1.26 Second-quarter 2020 revenues of $589.5 million, down 19.4 percent compared to 2019, down 18.5 percent on an organic basis Second-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 percent Full-year 2020 reported revenue now estimated to be down 9 to 10 percent with organic revenue decline at 8 to 9 percent; Full-year 2020 EPS outlook of $2.70 to $2.95, and $4.15 to $4.30 on an adjusted... More
