Shares of Allegion ALLE rose 0.2% in pre-market trading after the company reported Q3 results.
Earnings per share were up 13.61% year over year to $1.67, which beat the estimate of $1.19.
Revenue of $728,400,000 decreased by 2.66% year over year, which beat the estimate of $666,040,000.
The upcoming fiscal year's EPS expected to be between $4.75 and $4.80.
The upcoming fiscal year's revenue expected to be between $2,668,000,000 and $2,683,000,000.
Conference Call Details
Date: Oct 22, 2020
Time: 08:00 AM
Recent Stock Performance
52-week high: $139.24
Company's 52-week low was at $77.37
Price action over last quarter: Up 2.85%
Allegion is a global security products company with a portfolio of leading brands, such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spin-off transaction from Ingersoll-Rand in December 2013. In fiscal 2019, Allegion generated 74% of sales in the Americas, 20% of sales in Europe, the Middle East, India, and Africa, and 6% of sales in Asia-Pacific. The company mainly competes with Swedish-based Assa Abloy AB, Switzerland-based Dormakaba, and U.S.-based Spectrum Brands.
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