Allegion reported strong Q2 results, with adjusted earnings per share reaching $2.40, surpassing the FactSet estimate of $2.22. The company's revenue rose 13% year-over-year to $1.15 billion, beating market expectations of $1.12 billion. Following the announcement, ALLE shares closed up by more than 10%.
The industrial security firm raised its annual outlook after delivering accelerated organic growth and a 30.1% operating margin in the Americas.
Read the full storyAllegion delivered EPS of $2.40, beating estimates by $0.18, as revenue rose 13% year-over-year to reach $1.15 billion.
The security solutions provider reported adjusted EPS of $2.40 and revenue of $1.15 billion, surpassing analyst estimates for the second quarter.