Investors interested in stocks from the Security and Safety Services sector have probably already heard of Allegion (ALLE) and Axon Enterprise (AXON) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with po ...

Investors looking for stocks in the Security and Safety Services sector might want to consider either Allegion (ALLE) or Axon Enterprise (AXON) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision t ...

A water technology company, a security products company, and a copper miner are three great stocks with big futures.With many companies having already reported their third-quarter earnings, it's time to check in on the progress of three companies with exciting long-term growth potential. All three delivered good earnings reports highlighting their potential and strengthening investment cases. Here's why water and pool products company Pentair (PNR 0.60%), security products company Allegion (ALLE 0.02%), and ...

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Allegion plc’s (ALLE) third-quarter 2024 adjusted earnings of $2.16 per share beat the Zacks Consensus Estimate of $1.93. The bottom line increased 11.3% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.ALLE’s Revenue DetailsAllegion’s revenues were $967.1 million, which increased 5.4% year over year. Organic revenues increased 3.3%, driven by price realization and volume growth. Revenues beat the Zacks Consensus Estimate of $956 million.Acquired assets boosted revenue ...

Core Viewpoint - Allegion plc held its Third Quarter 2024 Earnings Conference Call on October 24, 2024, to discuss financial results and future outlook [1]. Group 1: Company Overview - The call featured key participants including John Stone, President and CEO, and Mike Wagnes, SVP and CFO, alongside Josh Pokrzywinski, VP of Investor Relations [2]. - The earnings release and presentation materials were made available on the company's investor relations website [2]. Group 2: Financial Reporting - The call included forward-looking statements made under the Safe Harbor provisions of Federal Securities Law, with a note that actual results may differ from projections [3]. - The presentation included non-GAAP financial measures, with a reference to the reconciliation in the financial tables of the press release for further details [3].

Financial Data and Key Metrics Changes - Q3 2024 revenue was $967.1 million, an increase of 5.4% compared to 2023, with organic revenue growth of 3.3% driven by favorable price and volume [9][10] - Adjusted earnings per share (EPS) for Q3 was $2.16, an increase of $0.22 or 11.3% year-over-year [10] - Year-to-date available cash flow was $388 million, a 21.1% increase versus last year [10][15] Business Line Data and Key Metrics Changes - The Americas segment reported revenues of $782.4 million, up 5.6% on a reported basis and 4.1% organically, with strong performance in the non-residential business [12] - The international segment had revenues of $184.7 million, up 4.4% reported and 0.2% organically, with acquisitions contributing positively [14] Market Data and Key Metrics Changes - Institutional markets in the Americas remained stable, while commercial verticals showed mixed results [4][12] - Municipal bond issuance was up almost 30% year-to-date, indicating increased spending in education, which supports demand for Allegion's products [23] Company Strategy and Development Direction - Allegion is focused on capital deployment, returning cash to shareholders, and pursuing accretive acquisitions [4][7] - The company introduced a new product line, the Von Duprin 70 Series, aimed at various modern applications, showcasing its innovation capabilities [6] Management Comments on Operating Environment and Future Outlook - Management described the current market as stable, with expectations for continued organic growth despite some headwinds in the multifamily sector [16][20] - The adjusted EPS outlook for the full year was raised to a range of $7.35 to $7.45, affirming the available cash flow outlook of $540 million to $570 million [17] Other Important Information - Allegion completed the acquisition of SOSS Door Hardware, which is expected to deliver solid returns accretive to EPS in 2025 [7][8] - The company made share repurchases amounting to approximately $40 million in the quarter [8] Q&A Session Summary Question: Visibility over the next 12 months for America's non-residential business - Management noted stable organic growth in non-residential markets, with strong indicators from municipal bond issuance supporting institutional spending [22] Question: Productivity journey versus pre-COVID levels - Management expressed satisfaction with productivity improvements, indicating a more efficient operation compared to previous years [24] Question: Market outlook for residential business - Management indicated that residential markets are expected to improve, particularly in the aftermarket segment [27][33] Question: Medium-term growth assumptions for electronics - Management anticipates high single to low double-digit growth for electronics, driven by adoption and replacement cycles [29] Question: M&A pipeline and future acquisitions - Management expressed excitement about the M&A pipeline, indicating a disciplined approach to capital deployment for shareholder returns [46]

Allegion (ALLE) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $1.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.92%. A quarter ago, it was expected that this security device maker would post earnings of $1.77 per share when it actually produced earnings of $1.96, delivering a surprise of 10.73%.Over the last four quarters, the c ...

Allegion (NYSE: ALLE) Reports Q3-2024 Financial Results Revenue growth and margin expansion mark strong third-quarter performance Quarterly Financial Highlights (All comparisons against the third quarter of 2023, unless otherwise noted) ▪ Net earnings per share (EPS) of $1.99, up 12.4% compared with $1.77; Adjusted EPS of $2.16, up 11.3% compared with $1.94 ▪ Revenues of $967.1 million, up 5.4% on a reported basis and up 3.3% on an organic basis ▪ Operating margin of 22.2%, compared with 21.0%; Adjusted ope ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35971 _______________________________ logoallea10.j ...