NYSE$ALLE

Allegion · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong second-quarter results, driven by robust customer demand and solid execution, and raised full-year outlook.

Allegion reported a strong second quarter with revenues of $746.9 million, up 26.7% compared to 2020. Net earnings were $118.7 million, or $1.31 per share. The company raised its full-year revenue and EPS outlook.

  • Second-quarter EPS was $1.31, compared to $0.80 in 2020.
  • Adjusted EPS was $1.32, up 43.5% compared to 2020.
  • Revenues were $746.9 million, up 26.7% compared to 2020 and up 23.8% on an organic basis.
  • Operating margin was 19.5%, compared to 16.4% in 2020.

Headline financials

Total Revenue

$747M

Previous: $590M+26.7%
EPS (adj)

$1.32

Previous: $0.92+43.5%
Operating Margin

19.5%

Previous: 0.2%+11790.2%
Adjusted Operating Margin

19.6%

Previous: 0.2%+10270.4%
Interest Expense

$12.4M

Previous: $13M-4.6%
Effective Tax Rate

12.8%

Previous: 0.2%+7801.2%
Free Cash Flow

$119M

Previous: $73.7M+61.1%
Net Income

$119M

Previous: $73.7M+61.1%
Operating Income

$145M

Previous: $96.5M+50.7%
Gross Profit

$321M

Previous: $247M+30.0%
Cash & Equivalents

$460M

Previous: $302M+52.2%
Total Assets

$3.06B

Previous: $2.83B+8.0%

Revenue & EPS history

Allegion · Revenue · Quarterly

$747M

Q2 2021+26.7%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Allegion · $747M total across 2 segments · Q2 2021

  • Allegion Americas
    $549M+23.7%
  • Allegion International
    $198M

Forward guidance

The company is raising its full-year 2021 revenue outlook and now expects reported revenue growth of 7 to 7.5 percent and organic revenue growth of 5.5 to 6 percent. The company is raising its full-year 2021 outlook for reported EPS to a range of $5.15 to $5.30 and raising adjusted EPS to a range of $5.25 to $5.40.

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 2021

Historical avgQ2 2021

+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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