Allegion plc: Allegion Reports First-Quarter 2021 Financial Results, Raises Full-Year 2021 Outlook
First-quarter 2021 net earnings per share (EPS) of $1.18, compared with 2020 EPS of $0.00; First-quarter 2021 adjusted EPS of $1.20, up 15.4 percent compared with 2020 adjusted EPS of $1.04
First-quarter 2021 revenues of $694.3 million, up 2.9 percent compared to 2020 and up 0.5 percent on an organic basis
First-quarter 2021 operating margin of 18.9 percent, compared with 2020 operating margin of 4.3 percent; Adjusted operating margin of 19.3 percent, up 30 basis points compared with 2020 adjusted operating margin of 19 percent
Raising outlook for 2021 full-year revenue growth to a range of 3 to 4 percent on a reported basis and 2 to 3 percent organically
Raising full-year 2021 EPS outlook to a range of $4.85 to $5.05 and adjusted EPS outlook to a range of $5.00 to $5.15
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Allegion plc: Allegion to Attend Bank of America s 2021 Global Industrials Conference Allegion plc (NYSE: ALLE) Senior Vice President and Chief Financial Officer Patrick Shannon will discuss the company s long-term strategy at Bank of America s 2021 Global Industrials Conference on Tuesday, March 16.
A live listen-only webcast will be accessible via Allegion s investor website at investor.allegion.com or directly by clicking here.
About Allegion
, Interflex and Von Duprin
. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $2.7 billion in revenue in 2020, and its security products are sold around the world.
Allegion plc: Allegion Reports Fourth-Quarter, Full-Year 2020 Financial Results, Provides 2021 Outlook
Fourth-quarter 2020 net earnings per share (EPS) of $1.01, compared with 2019 EPS of $0.86; Fourth-quarter 2020 adjusted EPS of $1.49, up 16.4 percent compared with 2019 adjusted EPS of $1.28
Fourth-quarter 2020 revenues of $727.3 million, up 1.1 percent compared to 2019 and down 0.6 percent on an organic basis
Full-year 2020 EPS of $3.39, compared with 2019 EPS of $4.26; Full-year 2020 adjusted EPS of $5.11, up 4.5 percent compared with 2019 adjusted EPS of $4.89
Full-year 2020 revenue of $2.72 billion, down 4.7 percent compared with 2019 and down 4.8 percent on an organic basis
Full-year 2020 available cash flow was up $20.6 million to $443.2 million
Full-year 2021 reported revenue is estimated to be down 0.5 to 1.5 percent with organic revenue decline at 1.5 to 2.5 percent; Full-year 2021 EPS outlook of $4.55 to $4.75, and $4.70 to $4.85 on an adjusted basis
Allegion plc: Luis Orbegoso Named Allegion Americas Business Leader
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210210005863/en/
Luis Orbegoso, Senior Vice President of Allegion Americas (Photo: Business Wire)
In his new executive leadership role, Orbegoso is responsible for a business that generates approximately $2 billion in annual revenue and is supported by more than 7,000 employees across Canada, Mexico and the United States. He will report directly to Allegion Chairman, President and CEO David D. Petratis. The Allegion family is both honored and excited to add Luis to our executive team, Petratis said. Luis brings a wealth of diverse leadership experiences spanning multiple industries, geographies and cultures and has a track record of guiding teams through transformation, with a focus on operational and customer excellence. He possesses a deep understanding of smart-home security, cloud technology, consu