Allegion Reports Q3 Earnings Beat with $1.17 Billion in Revenue
Allegion (NYSE: ALLE) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP earnings per share (EPS) of $2.60, which surpassed estimates by $0.10. The company's total revenue reached $1.17 billion, representing a 9.3% increase year-over-year and beating analyst projections by $30 million. On an organic basis—excluding the effects of acquisitions, divestitures, and foreign currency fluctuations—net revenues grew by 7.2%. The overall reported net revenue growth for the third quarter was even stronger at 9.6%, signaling robust demand across its product segments.
Tickers: $ALLE
Topics: earnings beat non-GAAP EPS organic revenue growth revenue growth