Allegion plc

NYSE:ALLE  
134.14
+1.78 (+1.34%)
Other Pre-Announcement

Allegion Updates Full-Year Outlook For 2021

Published: 10/01/2021 11:13 GMT
Allegion plc (ALLE) - Allegion Updates Full-year Outlook for 2021.
Outlook Updated for Full-year 2021 EPS to a Range of $4.95 to $5.05 and Adjusted EPS to a Range of $5.00 to $5.10.
Supply Chain Challenges and Inefficiencies Are Expected to Subside During 2022.
Full-year 2021 Revenue Growth to a Range of 4%to 4.5% on Reported Basis, 3% to 3.5% Organically.
Allegion - Demand Continued to Accelerate in Q3; Supply Chain Constraints and Electronics Shortages Slowing Pace of Revenue Realization.
Supply Chain Inefficiencies, Rising Freight and Material Costs Pressure Margins in Short Term.
FY2021 Earnings per Share View $5.41, Revenue View $2.94 Billion -- Refinitiv Ibes Data (analyst estimates).