NYSE$ALLE

Allegion · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Allegion experienced a decrease in revenue and earnings per share due to the COVID-19 pandemic.

Allegion's second-quarter 2020 results were impacted by the COVID-19 pandemic, with revenue decreasing by 19.4 percent and adjusted EPS down 27 percent compared to the prior year. The company took actions to reduce spending, secure the supply chain, and protect liquidity.

  • Second-quarter 2020 net revenues decreased 19.4 percent year-over-year to $589.5 million.
  • Second-quarter 2020 net earnings were $73.7 million, or $0.80 per share.
  • Adjusted EPS for the second quarter of 2020 was $0.92, down 27 percent compared to 2019.
  • The company is re-issuing outlooks for 2020 for revenue, EPS and available cash flow.

Headline financials

Total Revenue

$590M

Previous: $731M-19.4%
EPS (adj)

$0.92

Previous: $1.26-27.0%
Operating Margin

0.2%

Previous: 0.2%-17.6%
Adjusted Operating Margin

0.2%

Previous: 0.2%-12.1%
Interest Expense

$13M

Previous: $13.4M-3.0%
Effective Tax Rate

0.2%

Previous: 0.2%-4.1%
Free Cash Flow

$73.7M

Previous: $109M-32.6%
Net Income

$73.7M

Previous: $109M-32.6%
Operating Income

$96.5M

Previous: $146M-33.8%
Gross Profit

$247M

Previous: $321M-23.1%
Cash & Equivalents

$302M

Previous: $158M+91.6%
Total Assets

$2.83B

Previous: $2.85B-0.5%

Revenue & EPS history

Allegion · Revenue · Quarterly

$590M

Q2 2020-19.4%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Allegion · $444M total across 1 segment · Q2 2020

  • Allegion Americas
    $444M-18.5%

Forward guidance

The company is re-issuing outlooks for 2020 for revenue, EPS and available cash flow. All the following estimates assume no further disruptions related to COVID-19.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.3%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-0.9%

Avg return

30 days after

48%

26 / 54 earnings

Positive

+10.3%

Q1 2025

Best reaction

-9.5%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%-8.7%-12.6%
Q4 2025-9.2%-9.7%-19.9%
Q3 2025-2.5%-3.7%-7.2%
Q2 2025-0.6%+0.1%+3.2%
Q1 2025+10.3%+9.3%+11.7%
Q4 2024-5.6%-4.7%-4.3%
Q3 2024-5.5%-7.3%-6.3%
Q2 2024+4.5%+8.2%+7.7%
Q1 2024-2.1%-3.9%-3.1%
Q4 2023-1.0%-2.5%+2.2%
Q3 2023+1.2%+4.3%+8.6%
Q2 2023-9.1%-8.0%-13.6%
Q1 2023+9.3%+8.6%+5.1%
Q4 2022-1.1%-1.7%-12.5%
Q3 2022+9.1%+9.5%+17.5%
Q2 2022+1.4%-1.4%-6.3%
Q1 2022+1.1%-0.4%-3.4%
Q4 2021-2.6%-3.5%-0.5%
Q3 2021-2.4%-5.4%-2.2%
Q2 2021-0.9%-2.7%-1.3%
Q1 2021+4.0%+3.4%+3.3%
Q4 2020-7.6%-7.8%+3.1%
Q3 2020-1.0%-4.5%+8.8%
Q2 2020-9.5%-11.7%-10.2%
Q1 2020+3.9%+9.3%+1.4%
Q4 2019-5.6%-7.4%-32.2%
Q3 2019+8.6%+10.6%+14.1%
Q2 2019-2.7%-3.6%-13.7%
Q1 2019+2.9%+3.9%+4.0%
Q4 2018-3.9%-2.0%-2.9%
Q3 2018+3.7%+6.1%+11.8%
Q2 2018+1.9%+1.8%+9.0%
Q1 2018-6.3%-7.1%-5.1%
Q4 2017+4.8%+4.2%+2.3%
Q3 2017-7.2%-3.6%-4.1%
Q2 2017+3.7%+3.8%-1.1%
Q1 2017-1.4%-2.6%-0.4%
Q4 2016+6.4%+5.1%+10.2%
Q3 2016-3.0%-3.2%+3.5%
Q2 2016+0.7%-0.3%-0.4%
Q1 2016-2.1%
Q4 2015+4.8%
Q3 2015-0.0%
Q2 2015-0.8%
Q1 2015+1.5%
Q4 2014-1.6%
Q3 2013+5.6%
Q3 2014+5.6%
Q2 2013-1.9%
Q2 2014-1.9%
Q1 2013+4.8%
Q4 2012+4.8%
Q1 2014+4.8%
Q4 2013+2.8%

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