Back to top

Image: Bigstock

Allegion plc

Read MoreHide Full Article

Allegion’s first-quarter 2018 earnings missed the Zacks Consensus Estimate while revenues surpassed the same. Adjusted earnings were up 9.6% and revenues increased 11.7% from the prior-year quarter. The company’s top line recorded double-digit growth, courtesy of synergies from acquisitions and a favorable foreign currency impact. Revenues in the Americas segment rose 7.7%, primarily driven by favorable price and a continued strength in electronic product categories.  However, operating margin declined 150 basis points, primarily due to inflationary pressures along with increased investments and an unfavorable mix. Moreover, the ongoing constraint across the construction supply chain and labor shortages are adversely impacting Allegion’s growth prospects. Meanwhile, shares of the company have outperformed its industry on a year-to-date basis.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Allegion PLC (ALLE) - free report >>

Published in