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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
ๅŠ ๅ…ฅ March 2022
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ALLEGION $ALLE Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $1.17B (Est. $1.14B) ๐ŸŸข; +9.6% YoY ๐Ÿ”น Adj. EPS: $2.60 (Est. $2.50) ๐ŸŸข; +13.0% YoY ๐Ÿ”น Organic Revenue Growth: +7.2% YoY ๐Ÿ”น Adj. Oper Margin: 24.7% FY26 Guide: ๐Ÿ”น Adj. EPS: $9.05-$9.10 (Est. $8.98) ๐ŸŸข ๐Ÿ”น Revenue Growth: +9.5%-+10.5% YoY ๐Ÿ”น Organic Revenue Growth: +5.0%-+6.0% YoY Segment Revenue (YoY): ๐Ÿ”น Americas: $942.4M; +11.7% (+9.1% organic) ๐Ÿ”น International: $230.2M; +1.8% (-0.2% organic) Other Q3 Metrics: ๐Ÿ”น GAAP EPS: $2.59; +18.8% YoY ๐Ÿ”น Adj. Oper Income: $289.7M; +12.5% YoY ๐Ÿ”น Americas Adj. Oper Margin: 30.1%; +20 bps YoY ๐Ÿ”น Intl Adj. Oper Margin: 13.9%; -40 bps YoY Key Updates: ๐Ÿ”น Restructuring charges and acquisition and integration expenses: $8.0M ๐Ÿ”น Amortization of acquired intangible assets: $17.0M ๐Ÿ”น IEEPA tariff refunds: $19.9M benefit ๐Ÿ”น Non-operating investment: $4.1M gain ๐Ÿ”น Net earnings adjustments: $0.1M, or $0.01/share ๐Ÿ”น Repurchased ~0.8M shares for ~$120M and paid quarterly dividends of $0.55/share (~$46M) Comments: ๐Ÿ”ธ โ€œI am pleased with our Q3 performance as we delivered high-single digit organic revenue growth and low teens adjusted EPS growth led by our Americas non-residential business.โ€
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