Allegion Lifts FY25 Outlook After Q3 Beats Street; Stock Rises - Update
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Allegion Plc. (ALLE) reported higher Q3 profits and revenues, exceeding market estimates, and raised its FY25 outlook. The company now expects EPS between $7.45 and $7.55, up from a previous range of $7.25 to $7.40. Annual revenue growth is projected at 7.0% to 8.0%. Allegion shares rose approximately 2.5% to $180 in pre-market trading. Q3 earnings totaled $188.4 million ($2.18 per share), compared to $174.2 million ($1.99 per share) last year, with adjusted earnings of $198.7 million ($2.30 per share).
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