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Dec 31, 2019
Allegion Q4 2019 Earnings Report
Allegion's Q4 2019 earnings were released, revealing a mix of strong performance in the Americas and challenges in other regions.
Key Takeaways
Allegion reported Q4 2019 net revenues of $719.5 million and net earnings of $80.7 million, or $0.86 per share. Adjusted EPS was $1.28, up 4.9% compared to Q4 2018. The Americas region delivered strong organic growth, while EMEIA and Asia Pacific faced challenges.
Q4 2019 net revenues reached $719.5 million, a 2.4% increase year-over-year (3.5% organic growth).
Q4 2019 EPS was $0.86, with adjusted EPS at $1.28, a 4.9% increase year-over-year.
Operating income for Q4 2019 was $143.3 million, a 1.3% increase compared to 2018.
The Americas region showed strong organic growth, while EMEIA and Asia Pacific faced market challenges.
Allegion
Allegion
Allegion Revenue by Segment
Revenue by Segment
Allegion Americas Revenue
CapyFin.comAllegion International Revenue
CapyFin.com Forward Guidance
The company expects full-year 2020 revenues to increase 3 to 4 percent on a reported basis and 3.5 percent to 4.5 percent organically, when compared with 2019. Full-year 2020 reported EPS is expected to be in the range of $5.00 to $5.10, or $5.10 to $5.20 on an adjusted basis.
Positive Outlook
- Full-year 2020 revenues are expected to increase 3-4% on a reported basis.
- Organic revenue growth for full-year 2020 is projected at 3.5-4.5%.
- The Americas region is expected to lead revenue growth.
- Full-year 2020 reported EPS is projected between $5.00 and $5.10.
- Adjusted EPS for full-year 2020 is expected to be $5.10 to $5.20.
Challenges Ahead
- Outlook includes incremental investment of approximately $0.15 per share.
- Assumes a full-year adjusted effective tax rate of approximately 16.5 to 17 percent.
- Assumes an average diluted share count for the full year of approximately 93 million shares.
- Weak market conditions in Australia.
- Softened market conditions across China and Europe
Revenue & Expenses
Visualization of income flow from segment revenue to net income