Allegion PLC
ALLE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !d? | LOCK|Fd! | LOCK|y#K&!% |
Allegion Earnings: Acquisitions and Pricing Prop Up Declining Sales Volumes
Allegion reported first-quarter sales growth of 9.7% year over year, driven by acquisitions and currency tailwinds in its international segment. However, nearly 200 basis points of operating margin contraction resulted in a 7% decline in earnings per share.
