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Jun 30, 2020
Allegion Q2 2020 Earnings Report
Allegion experienced a decrease in revenue and earnings per share due to the COVID-19 pandemic.
Key Takeaways
Allegion's second-quarter 2020 results were impacted by the COVID-19 pandemic, with revenue decreasing by 19.4 percent and adjusted EPS down 27 percent compared to the prior year. The company took actions to reduce spending, secure the supply chain, and protect liquidity.
Second-quarter 2020 net revenues decreased 19.4 percent year-over-year to $589.5 million.
Second-quarter 2020 net earnings were $73.7 million, or $0.80 per share.
Adjusted EPS for the second quarter of 2020 was $0.92, down 27 percent compared to 2019.
The company is re-issuing outlooks for 2020 for revenue, EPS and available cash flow.
Revenue by Segment
Forward Guidance
The company is re-issuing outlooks for 2020 for revenue, EPS and available cash flow. All the following estimates assume no further disruptions related to COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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