Allegion Q2 GAAP EPS Hits $2.15, Beating Year-Ago $1.85
ALLE sits 21% above its 52-week low of $125.
Summary
Allegion delivered Q2 GAAP EPS of $2.15, up from $1.85 a year ago, signaling strong operational momentum. The result follows the 8-K and 10-Q filed this morning, which disclosed adjusted EPS of $2.40 and a raised full-year outlook. Revenue rose 12.7% to $1.15B with operating margin expanding to 22.1%, reflecting broad-based demand and pricing power. The company also boosted its buyback authorization to $500M, adding a capital-return tailwind. With estimates likely to move higher, the stock could see a positive re-rating.
At the time of this announcement, ALLE was trading at $151.55 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $12B. The 52-week trading range was $125.00 to $183.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.