Allegion plc (ALLE) increased the outlook for full-year 2023 adjusted EPS and expects it to be in the $6.80 to $6.90 range. Reported EPS is projected to be within the previously stated range of $6.10 to $6.20. The company affirmed its revenue growth for full-year 2023, which is expected to be 11.5% to 12.5%, with organic revenue growth to be 5.5% to 6.5%. The company also affirmed available cash flow outlook, which is approximately $500 million to $520 million.
"Demand for our electronics solutions remains strong. We delivered mid-teens organic growth in electronics and software solutions in the third quarter, and we continue to see a long runway for further adoption," said CEO John Stone.
Third-quarter earnings came in at $156.3 million, or $1.77 per share compared with $114.6 million, or $1.30 per share, a year ago. Adjusted net earnings were $171.5 million, or $1.94 per share, up 12.1%. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $1.73, for the quarter. Analysts' estimates typically exclude special items.
Third quarter revenue was $917.9 million compared to $913.7 million last year. Net revenues increased 0.5%. Excluding impacts of acquisitions, divestitures and foreign currency movements, net revenues decreased 0.6% on an organic basis. Analysts on average had estimated $910.41 million in revenue.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.