Allegion plc (ALLE) Tops Q1 EPS by 18c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Boosts FY21 Revenue/Growth Outlook

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Go back to Allegion plc (ALLE) Tops Q1 EPS by 18c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Boosts FY21 Revenue/Growth Outlook

Allegion Reports First-Quarter 2021 Financial Results, Raises Full-Year 2021 Outlook

April 22, 2021 5:30 AM EDT

First-quarter 2021 net earnings per share (EPS) of $1.18, compared with 2020 EPS of $0.00; First-quarter 2021 adjusted EPS of $1.20, up 15.4 percent compared with 2020 adjusted EPS of $1.04 First-quarter 2021 revenues of $694.3 million, up 2.9 percent compared to 2020 and up 0.5 percent on an organic basis First-quarter 2021 operating margin of 18.9 percent, compared with 2020 operating margin of 4.3 percent; Adjusted operating margin of 19.3 percent, up 30 basis points compared with 2020 adjusted operating margin of 19 percent Raising outlook for 2021 full-year revenue growth to a range of 3 to 4 percent on a reported basis and 2 to 3 percent organically Raising... More