Allegion: Q3 Earnings Insights

Shares of Allegion ALLE rose 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 13.61% year over year to $1.67, which beat the estimate of $1.19.

Revenue of $728,400,000 decreased by 2.66% year over year, which beat the estimate of $666,040,000.

Guidance

The upcoming fiscal year's EPS expected to be between $4.75 and $4.80.

The upcoming fiscal year's revenue expected to be between $2,668,000,000 and $2,683,000,000.

Conference Call Details

Date: Oct 22, 2020

Time: 08:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/alle/mediaframe/40779/indexr.html

Recent Stock Performance

52-week high: $139.24

Company's 52-week low was at $77.37

Price action over last quarter: Up 2.85%

Company Profile

Allegion is a global security products company with a portfolio of leading brands, such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spin-off transaction from Ingersoll-Rand in December 2013. In fiscal 2019, Allegion generated 74% of sales in the Americas, 20% of sales in Europe, the Middle East, India, and Africa, and 6% of sales in Asia-Pacific. The company mainly competes with Swedish-based Assa Abloy AB, Switzerland-based Dormakaba, and U.S.-based Spectrum Brands.