Loading...
•
Jun 30, 2022
Allegion Q2 2022 Earnings Report
Allegion reported an increase in revenue and adjusted EPS compared to the prior year. The company revises full-year outlook.
Key Takeaways
Allegion's second-quarter 2022 results showed revenue growth of 3.5% to $773.1 million and adjusted EPS increased 3.8% to $1.37. The company is revising its full-year outlook for revenue growth and EPS.
Second-quarter 2022 net earnings per share (EPS) of $1.30, compared with 2021 EPS of $1.31.
Second-quarter 2022 adjusted EPS of $1.37, up 3.8 percent compared with 2021 adjusted EPS of $1.32.
Second-quarter 2022 revenues of $773.1 million, up 3.5 percent on a reported basis and up 6.4 percent on an organic basis.
Second-quarter 2022 operating margin of 19 percent, compared with 2021 operating margin of 19.5 percent; Adjusted operating margin of 20 percent, up 40 basis points compared with 2021 adjusted operating margin of 19.6 percent.
Allegion
Allegion
Allegion Revenue by Segment
Revenue by Segment
Allegion Americas Revenue
CapyFin.comAllegion International Revenue
CapyFin.com Forward Guidance
The company is raising its full-year 2022 revenue outlook and now expects reported revenue growth of 13 to 14 percent and organic revenue growth of 9 to 10 percent. The company is revising its full-year 2022 reported EPS to be in the $5.05 to $5.15 range, with adjusted EPS between $5.35 to $5.45.
Positive Outlook
- Raising full-year 2022 revenue outlook to 13-14% growth.
- Organic revenue growth expected to be 9-10%.
- Increase in organic outlook driven by pricing actions.
- Full-year 2022 reported EPS expected in the $5.05 to $5.15 range.
- Adjusted EPS expected between $5.35 to $5.45.
Challenges Ahead
- Includes an additional $0.09 per share pressure related to currency movements.
- Includes approximately negative $0.10 adjusted EPS impact for the balance of the year related to the Access Technologies business and costs related to the acquisition.
- Approximately $0.20 per share from operations.
- Approximately negative $0.13 per share for intangible asset amortization.
- Approximately negative $0.17 per share for interest expense.
Revenue & Expenses
Visualization of income flow from segment revenue to net income