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Allegion ALLE srt_AsiaPacificMember — Impairment of intangible assets

Discontinued — last reported Q3 '20

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CBOEEurope and Asia Pacific — Impairment of intangible assets

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EQIXAsia-Pacific — Intangibles (Net)

$118M+10.3%

ACNAsia Pacific — Goodwill

$2.63B+46.4%

JCIAPAC — Intangible Amortization

$3M0.0%

SSD

SSDAsia/Pacific — Goodwill

$1.31M+9.5%

Other financials

Income statement

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

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

Operating cash flow$101.3M-3.1%

CapEx$21.0M-0.5%

Free cash flow$80.3M-3.7%

Valuation

Market cap$11.48B+11.2%

Enterprise value$13.39B+11.8%

P/E18.1×+1.5×

P/S2.8×+0.1×

Profitability

Gross margin45%+0.5pp

Operating margin20.6%-0.4pp

Net margin15.2%-1.0pp

FCF margin16.4%-0.4pp

Returns & leverage

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:ImpairmentOfIntangibleAssetsExcludingGoodwill.

The official record: Allegion’s 10-Q, filed October 21, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does srt_asiapacificmember — impairment of intangible assets mean?: This metric represents the non-cash charge recognized when the carrying value of intangible assets, such as goodwill, trademarks, or customer relationships, within the Asia-Pacific business segment exceeds their fair value. It reflects a downward adjustment in the expected future economic benefits derived from assets acquired in this specific geographic region. Such impairments often indicate shifts in market conditions, competitive pressures, or strategic underperformance within the APAC operations.