Allegion Q1 2022 Earnings Report
Key Takeaways
Allegion reported a revenue increase of 4.2% to $723.6 million in Q1 2022. Net earnings were $93 million, or $1.05 per share. The company raised its full-year revenue growth outlook while reaffirming its EPS outlook.
First-quarter 2022 net earnings per share (EPS) of $1.05, compared with 2021 EPS of $1.18; First-quarter 2022 adjusted EPS of $1.07, down 10.8 percent compared with 2021 adjusted EPS of $1.20
First-quarter 2022 revenues of $723.6 million, up 4.2 percent on a reported basis and up 6.4 percent on an organic basis
First-quarter 2022 operating margin of 16.2 percent, compared with 2021 operating margin of 18.9 percent; Adjusted operating margin of 16.9 percent, down 240 basis points compared with 2021 adjusted operating margin of 19.3 percent
Raising 2022 full-year revenue growth outlook to a range of 7.5 to 9 percent on a reported basis and 8.5 to 10 percent organically; Reaffirming full-year 2022 EPS outlook range of $5.50 to $5.70 and adjusted EPS outlook range of $5.55 to $5.75
Allegion
Allegion
Allegion Revenue by Segment
Forward Guidance
The company is raising its full-year 2022 revenue outlook and now expects reported revenue growth of 7.5 to 9 percent and organic revenue growth of 8.5 to 10 percent, when compared with 2021, after excluding the expected impacts of acquisitions, divestitures and foreign currency movements. The company is reaffirming full-year 2022 reported EPS to be in the $5.50 to $5.70 range, with adjusted EPS between $5.55 to $5.75.
Revenue & Expenses
Visualization of income flow from segment revenue to net income