(Adds Outlook)
Allegion plc (ALLE) said the company is raising the outlook for full-year 2024 EPS and expects it to be in the range of $6.70 to $6.80, or $7.35 to $7.45 on an adjusted basis. The company affirmed its reported revenue growth for full-year 2024, which is expected to be 2.5% to 3.5%. The company also affirmed expected organic revenue growth of 1.5% to 2.5%.
Q3 Results:
Bottom line totaled $174.2 million, or $1.99 per share compared with $156.3 million, or $1.77 per share, a year ago. Adjusted EPS was $2.16, up 11.3% compared with $1.94. Analysts on average had expected the company to earn $1.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. Revenues were $967.1 million, up 5.4% on a reported basis and up 3.3% on an organic basis. Analysts on average had estimated $970.89 million in revenue.
Shares of Allegion plc are up 2% in pre-market trade on Thursday.
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Business News
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.