Allegion (ALLE) Q1 Earnings And Revenues Beat Estimates
Zacks Investment Research | Apr 25, 2019 08:43AM ET
Allegion plc (NYSE:ALLE) reported impressive results for first-quarter 2019, wherein adjusted earnings and revenues beat the Zacks Consensus Estimate.
Earnings/Revenues
Quarterly adjusted earnings came in at 88 cents per share, outpacing the Zacks Consensus Estimate of 87 cents. The bottom line was also 10% higher than the year-ago figure. The upside can be primarily attributed to impressive sales growth and improved operating income.
Revenues for the reported quarter came in at $655 million, up 6.8% year over year. The top line also surpassed the consensus estimate of $651.6 million. Revenues improved 5.8% on an organic basis. The stellar performance was backed by strength in Americas non-residential business, and acquisition benefits, partially offset by adverse impacts of unfavorable foreign exchange movements.
Segmental Breakup
Revenues in the Americas rose 8.2% year over year to $475.3 million. EMEIA (Europe, Middle East, India and Africa) revenues declined 4.9% to $142.9 million. Revenues in the Asia-Pacific surged 55.3% to $36.8 million in the reported quarter.
Allegion PLC Price, Consensus and EPS Surprise
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