NYSE$ALLE
Allegion · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Allegion's Q4 2021 earnings were reported, showing a decrease in revenue and adjusted EPS compared to the previous year, while facing supply chain challenges and operational inefficiencies.
Allegion's Q4 2021 revenues were $709.2 million, a decrease of 2.5 percent compared to 2020. The net earnings per share (EPS) was $1.26, while the adjusted EPS was $1.11, down 25.5 percent compared to 2020. The company is introducing a positive 2022 outlook, expecting strong end-market demand and a return to margin expansion.
- Fourth-quarter revenue decreased by 2.5 percent, reaching $709.2 million.
- Net earnings per share (EPS) stood at $1.26, compared to $1.01 in the previous year.
- Adjusted EPS decreased by 25.5 percent to $1.11.
- The company is anticipating a positive 2022 outlook, with expectations of strong end-market demand and margin expansion.
Headline financials
Revenue & EPS history
Allegion · Revenue · Quarterly
$709M
Revenue by segment
Allegion · $709M total across 2 segments · Q4 2021
- Allegion Americas$500M-4.2%70.4%
- Allegion International$210M+1.7%29.6%
Forward guidance
The company expects full-year 2022 revenues to increase 6 to 7.5 percent on a reported basis and increase 7 to 8.5 percent organically, when compared with 2021, after excluding the expected impacts of acquisitions, divestitures and foreign currency movements. Full-year 2022 reported EPS is expected to be in the range of $5.50 to $5.70, or $5.55 to $5.75 on an adjusted basis.
Tailwinds
- Full-year 2022 revenues are expected to increase 6 to 7.5 percent on a reported basis.
- Organic revenue growth is projected to be 7 to 8.5 percent.
- Full-year 2022 EPS is expected to be in the range of $5.50 to $5.70.
- Adjusted EPS is expected to be $5.55 to $5.75.
- The company is targeting full-year available cash flow of approximately $465 to $485 million.
Headwinds
- Adjustments to 2022 EPS include estimated impacts of approximately $0.05 per share for restructuring costs.
- The outlook includes an incremental investment of approximately $0.15 to $0.20 per share to support future growth opportunities in electronics and seamless access.
- Assumes a full-year adjusted effective tax rate of approximately 13 percent.
- Assumes an average diluted share count for the full year of approximately 88 million shares.
- Continued supply chain challenges.
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 Q4 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
| Quarter | Report date | Reaction (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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