Allegion: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 05:39 AM ET
Last Updated - Jun 22, 2023, 03:48 AM EDT
DUBLIN (AP) — DUBLIN (AP) — Allegion PLC (ALLE) on Wednesday reported first-quarter earnings of $123.5 million.
On a per-share basis, the Dublin-based company said it had net income of $1.40. Earnings, adjusted for one-time gains and costs, were $1.58 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The security device maker posted revenue of $923 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $851 million.
