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Allegion ALLE Q2 2024 earnings

Reported July 24, 2024 · Before market open

Revenue$965.6MBeat by $12.0M
EPS$1.96Beat by $0.12
Revenue estimate$953.6M
EPS estimate$1.84

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$1.1B
EPS estimate$2.47

Financials

Q2 2024

Income statement

See full
Revenue$965.6M+5.8%
Gross profit$428.3M+6.6%
Operating income$209.0M+13.2%
Net income$155.4M+9.4%
EPS (diluted)$1.77+9.9%

Balance sheet

See full
Cash & equivalents$747.5M+132%
Total debt$2.6B+15.8%
Total equity$1.4B+25.2%
Total assets$4.8B+14.8%

Cash flow

See full
Operating cash flow$173.0M+7.4%
CapEx$20.9M+18.1%
Free cash flow$152.1M+6.1%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$10.35B-1.9%
Enterprise value$12.16B-2.2%
P/E18.7×-1.8×
P/S2.8×-0.1×

Profitability

See full
Gross margin43.8%+1.9pp
Operating margin20%+1.2pp
Net margin15.1%+0.8pp
FCF margin13.7%-0.2pp

Returns & leverage

See full
Return on equity43.2%-10.6pp
Debt / equity1.8×-0.1×
Current ratio1.7×-0.3×

Segments

By product

See full
Mechanical products$643.1M
Electronic products$236.6M
Services and software$60.9M+39.7%

By segment

See full
Allegion Americas$770.7M+6.0%
Allegion International$194.9M+5.2%

By geography

See full
Non-U.S.$228.4M+1.9%

Versus estimates

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Questions, answered.

When did Allegion report Q2 2024 earnings?
Allegion (ALLE) reported Q2 2024 earnings on July 24, 2024 before market open.
What were Allegion's Q2 2024 revenue and EPS?
Allegion reported revenue of $965.6M and eps of $1.96 for Q2 2024.
Did Allegion beat estimates in Q2 2024?
Revenue beat the consensus estimate of $953.6M by $12.0M. EPS beat the consensus estimate of $1.84 by $0.12.
Where can I find Allegion's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001579241-24-000045) directly on SEC EDGAR. The filing index links above go to sec.gov.