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Dec 31, 2024
Allegion Q4 2024 Earnings Report
Allegion reported revenue growth and margin expansion in Q4 2024.
Key Takeaways
Allegion achieved a 5.4% revenue increase in Q4 2024, driven by pricing and volume growth. The Americas segment led growth, while international operations saw slight declines in organic revenue. Operating margin improved to 19.5%, and adjusted EPS increased by 10.7% YoY.
Revenue increased by 5.4% YoY to $945.6M.
Net income grew 21.5% YoY to $144.1M.
Operating margin expanded to 19.5%, reflecting cost efficiencies.
Adjusted EPS rose 10.7% YoY to $1.86.
Allegion
Allegion
Allegion Revenue by Segment
Revenue by Segment
Allegion Americas Revenue
CapyFin.comAllegion International Revenue
CapyFin.com Forward Guidance
Allegion expects moderate revenue growth and improved profitability in 2025.
Positive Outlook
- Revenue expected to grow 1% to 3%.
- Organic revenue growth forecasted at 1.5% to 3.5%.
- Adjusted EPS guidance set at $7.65 to $7.85.
- Continued focus on cost efficiencies and margin expansion.
- Available cash flow projected at 85% to 90% of adjusted net income.
Challenges Ahead
- International segment faces volume declines.
- Potential headwinds from foreign currency fluctuations.
- Rising interest expenses impacting net earnings.
- Slightly higher tax rate expected (17% to 18%).
- Ongoing restructuring and acquisition-related costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income