Allegion plc (ALLE) Tops Q3 EPS by 48c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus
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Allegion Reports Third-Quarter 2020 Financial Results; Raises Full-Year EPS Outlook
October 22, 2020 5:30 AM EDTThird-quarter 2020 net earnings per share (EPS) of $1.58, compared with 2019 EPS of $1.40; Adjusted 2020 EPS of $1.67, up 13.6 percent compared with 2019 adjusted EPS of $1.47 Third-quarter 2020 revenues of $728.4 million, down 2.7 percent compared to 2019, down 3.4 percent on an organic basis Third-quarter 2020 operating margin of 22 percent, compared with 2019 operating margin of 22.5 percent; Adjusted operating margin of 23.3 percent, up 20 basis points compared with 2019 adjusted operating margin of 23.1 percent Improving outlook for 2020 full-year revenue decline to a range of 6 to 6.5 percent on both a reported and organic basis Raising full-year 2020 EPS outlook to a range... More
