Allegion Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 10/25 14:31

Allegion (NYSE:ALLE) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$967.1m (up 5.4% from 3Q 2023).
  • Net income: US$174.2m (up 12% from 3Q 2023).
  • Profit margin: 18% (in line with 3Q 2023).
  • EPS: US$2.00 (up from US$1.78 in 3Q 2023).
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NYSE:ALLE Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Allegion EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Allegion has 1 warning sign we think you should be aware of.