(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
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.