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Allegion ALLE Corporate — Restructuring Reserve Current

Discontinued — last reported Q3 '17

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Other financials

Income statement

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Revenue$1.0B+9.7%
Gross profit$454.5M+7.6%
Operating income$195.3M-0.6%
Net income$138.1M-6.8%
EPS (diluted)$1.59-7.0%

Balance sheet

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Cash & equivalents$308.9M-37.5%
Total debt$2.2B+3.6%
Total equity$2.1B+30.8%
Total assets$5.3B+16.4%

Cash flow

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Operating cash flow$101.3M-3.1%
CapEx$21.0M-0.5%
Free cash flow$80.3M-3.7%

Valuation

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Market cap$11.48B+11.2%
Enterprise value$13.39B+11.8%
P/E18.1×+1.5×
P/S2.8×+0.1×

Profitability

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Gross margin45%+0.5pp
Operating margin20.6%-0.4pp
Net margin15.2%-1.0pp
FCF margin16.4%-0.4pp

Returns & leverage

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Return on equity34.2%-7.9pp
Debt / equity1.1×-0.3×
Current ratio1.9×-0.3×

Where this comes from

Reported directly by Allegion in its filing.

Tagged under the XBRL concept us-gaap:RestructuringReserveCurrent.

The official record: Allegion’s 10-Q, filed October 26, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate — restructuring reserve current mean?
The amount of money the company expects to pay out within the next year to fulfill its committed restructuring obligations.
How do you interpret corporate — restructuring reserve current?
A high reserve balance indicates significant upcoming cash outflows for restructuring, while a declining balance suggests that the company is successfully executing and settling its planned exit costs.
How does corporate — restructuring reserve current compare across companies?
Similar to 'restructuring provisions' or 'accrued restructuring liabilities' found in the balance sheets of global industrial peers, representing committed but unpaid operational transformation costs.