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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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