Allegion plc (ALLE) Tops Q3 EPS by 21c, Beats on Revenue; Offers FY23 EPS Guidance

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Go back to Allegion plc (ALLE) Tops Q3 EPS by 21c, Beats on Revenue; Offers FY23 EPS Guidance

Allegion (NYSE: ALLE) Reports Q3-2023 Financial Results

October 31, 2023 5:30 AM EDT

Strong execution drives third-quarter results, company raises full-year adjusted EPS outlook

Quarterly Financial Highlights

(All comparisons against the third quarter of 2022, unless otherwise noted)

Net earnings per share (EPS) of $1.77, up 36.2% compared with $1.30; Adjusted EPS of $1.94, up 12.1% compared with $1.73 Revenues of $917.9 million, up 0.5% on a reported basis and down 0.6% on an organic basis Operating margin of 21.0%, compared with 17.8%; Adjusted operating margin of 23.2%, up 110 basis points compared with 22.1% Mid-teens organic growth for electronics and software solutions

Full-Year Outlook... More