Allegion Q2 2021 Earnings Report
Key Takeaways
Allegion reported a strong second quarter with revenues of $746.9 million, up 26.7% compared to 2020. Net earnings were $118.7 million, or $1.31 per share. The company raised its full-year revenue and EPS outlook.
Second-quarter EPS was $1.31, compared to $0.80 in 2020.
Adjusted EPS was $1.32, up 43.5% compared to 2020.
Revenues were $746.9 million, up 26.7% compared to 2020 and up 23.8% on an organic basis.
Operating margin was 19.5%, compared to 16.4% in 2020.
Allegion
Allegion
Allegion Revenue by Segment
Forward Guidance
The company is raising its full-year 2021 revenue outlook and now expects reported revenue growth of 7 to 7.5 percent and organic revenue growth of 5.5 to 6 percent. The company is raising its full-year 2021 outlook for reported EPS to a range of $5.15 to $5.30 and raising adjusted EPS to a range of $5.25 to $5.40.
Revenue & Expenses
Visualization of income flow from segment revenue to net income