Allegion (ALLE) Q2 Earnings Top Estimates, Revenues Up Y/Y

Allegion plc’s (ALLE) second-quarter 2024 adjusted earnings of $1.96 per share beat the Zacks Consensus Estimate of$ 1.77. The bottom line increased 11.4% year over year.Revenue DetailsAllegion’s revenues were $965.6 million, which increased 5.8% year over year. Organic revenues increased 5.2% driven by price realization and volume growth. The company’s revenues beat the Zacks Consensus Estimate of$ 944 million.Acquired assets boosted revenues by 0.9%. Forex woes left a negative impact of 0.3% on revenues.A ...