Allegion: Q2 Earnings Insights
Shares of Allegion (NYSE:ALLE) remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share fell 26.98% over the past year to $0.92, which beat the estimate of $0.84.
Revenue of $589,500,000 declined by 19.38% from the same period last year, which missed the estimate of $610,800,000.
Guidance
FY20 EPS expected between $4.15 and $4.30.
FY20 revenue expected between $2,569,000,000 and $2,597,000,000.
How To Listen To The Conference Call
Date: Jul 23, 2020
Time: 08:00 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/alle/mediaframe/38968/indexr.html
Technicals
Company's 52-week high was at $139.24
52-week low: $77.37
Price action over last quarter: Up 15.56%
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.
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