AI English summary of an SEC filing — figures as filed
Allegion ALLEThe company said net revenue for the 3 months ended September 30, 2024 rose 5.4%, or $49.2 million, from the same period a year earlier. It cited improved pricing, higher volumes, acquisitions made during the year and favorable currency movements as factors behind the increase.
Key points
AI summaryThe company said net revenue for the 3 months ended September 30, 2024 rose 5.4%, or $49.2 million, from the same period a year earlier. It cited improved pricing, higher volumes, acquisitions made during the year and favorable currency movements as factors behind the increase.
Allegion said operating income for Q3 2024 rose $21.9 million from the year-earlier period, and operating margin increased from 21.0% to 22.2%. The company cited pricing and productivity in excess of inflation and investment spending, volume/product mix, contribution from acquisitions, currency exchange rates, and lower acquisition, integration and restructuring expenses as factors.
The company said it acquired 4 businesses, Boss Door Controls, Dorcas, Krieger and Unicel, for 100% stakes each between February 1, 2024 and June 10. It also said it paid dividends of $1.44 per ordinary share over 9 months and repurchased approximately 0.9 million shares for $120.0 million.
The company said the Term Facility balance was $215.6 million as of September 30, 2024, and no balance was outstanding under the Revolving Facility. It also said that on the same date it had redeemed the remaining $400.0 million of its 3.200% Senior Notes on October 1, 2024.
Key figures
Quarter ended September 30, 2024
- Revenue
- $967M
- Operating income
- $215M
- Net income
- $174M
- EPS
- $1.99
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q3 2024 Net Revenues Up 5.4%
The company said net revenue for the 3 months ended September 30, 2024 rose 5.4%, or $49.2 million, from the same period a year earlier. It cited improved pricing, higher volumes, acquisitions made during the year and favorable currency movements as factors behind the increase.
Source · Based on the MD&A text of the filing
Q3 Operating Margin 22.2%
Allegion said operating income for Q3 2024 rose $21.9 million from the year-earlier period, and operating margin increased from 21.0% to 22.2%. The company cited pricing and productivity in excess of inflation and investment spending, volume/product mix, contribution from acquisitions, currency exchange rates, and lower acquisition, integration and restructuring expenses as factors.
Source · Based on the MD&A text of the filing
2024 Acquisitions of 4 Companies and 9 Months of Shareholder Returns
The company said it acquired 4 businesses, Boss Door Controls, Dorcas, Krieger and Unicel, for 100% stakes each between February 1, 2024 and June 10. It also said it paid dividends of $1.44 per ordinary share over 9 months and repurchased approximately 0.9 million shares for $120.0 million.
Source · Based on the MD&A text of the filing
Term Facility $215.6 million and 3.200% Senior Notes Repaid
The company said the Term Facility balance was $215.6 million as of September 30, 2024, and no balance was outstanding under the Revolving Facility. It also said that on the same date it had redeemed the remaining $400.0 million of its 3.200% Senior Notes on October 1, 2024.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…