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Allegion's Q2 Adjusted Profit, Revenue Rise; Lifts 2024 Earnings Guidance
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Allegion's Q2 Adjusted Profit, Revenue Rise; Lifts 2024 Earnings Guidance
Jul 24, 2024 3:24 AM

06:10 AM EDT, 07/24/2024 (MT Newswires) -- Allegion ( ALLE ) reported Q2 adjusted earnings Wednesday of $1.96 per diluted share, up from $1.76 a year earlier.

Analysts polled by Capital IQ expected $1.84.

Net revenue for the quarter ended June 30 was $965.6 million, up from $912.5 million a year earlier.

Analysts polled by Capital IQ expected $955.2 million.

For full-year 2024, the company said it now expects adjusted EPS of $7.15 to $7.30 on revenue growth of 2.5% to 3.5%, compared with the previously issued guidance of adjusted EPS of $7 to $7.15 on revenue growth of 1.5% to 3.5%. Analysts surveyed by Capital IQ expect adjusted EPS of $7.11 for the year.

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