Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Electronic products | 857.5 | 788.1 | 790.3 | | | | | |
| U.S. | 2,402.7 | 1,948.9 | 1,905.5 | 1,988.9 | 1,852.8 | | | |
| Allegion International | 720.3 | 795.2 | 703.2 | 739.5 | | | | |
| Other | | | | 125.6 | 878.9 | | | |
| Total revenues | 3,271.9 | 2,867.4 | 2,719.9 | 2,854.0 | 2,731.7 | 2,408.2 | 2,238.0 | 2,068.1 |
| Revenue growth [+] | 14.1% | 5.4% | -4.7% | 4.5% | 13.4% | 7.6% | 8.2% | -2.4% |
| Electronic products | 8.8% | -0.3% | | | | | | |
| U.S. | 23.3% | 2.3% | -4.2% | 7.3% | | | | |
| Allegion International | -9.4% | 13.1% | -4.9% | | | | | |
| Americas | | | | | | 7.4% | 5.6% | -0.1% |
| Cost of goods sold | 1,949.5 | 1,662.5 | 1,541.1 | 1,601.7 | 1,558.4 | 1,335.3 | 1,248.3 | 1,199.0 |
| Gross profit | 1,322.4 | 1,204.9 | 1,178.8 | 1,252.3 | 1,173.3 | 1,072.9 | 989.7 | 869.1 |
| Gross margin | 40.4% | 42.0% | 43.3% | 43.9% | 43.0% | 44.6% | 44.2% | 42.0% |
| Selling, general and administrative | 736.0 | 674.7 | 635.7 | 681.3 | 647.5 | 580.4 | 555.4 | 510.5 |
| Other operating expenses | -3.3 | -3.8 | 0.6 | | | | -3.1 | -15.1 |
| EBITDA [+] | 687.6 | 617.1 | 623.5 | 654.0 | 612.0 | 559.4 | 504.3 | 426.9 |
| EBITDA growth | 11.4% | -1.0% | -4.7% | 6.9% | 9.4% | 10.9% | 18.1% | 11.7% |
| EBITDA margin | 21.0% | 21.5% | 22.9% | 22.9% | 22.4% | 23.2% | 22.5% | 20.6% |
| Depreciation | 48.5 | 49.1 | 49.5 | 51.8 | 49.9 | 44.8 | 46.4 | 41.3 |
| EBITA | 639.1 | 568.0 | 574.0 | 602.2 | 562.1 | 514.6 | 457.9 | 385.6 |
| EBITA margin | 19.5% | 19.8% | 21.1% | 21.1% | 20.6% | 21.4% | 20.5% | 18.6% |
| Amortization of intangibles | 49.4 | 34.0 | 31.5 | 31.2 | 36.3 | 22.1 | 20.5 | 11.9 |
| EBIT [+] | 589.7 | 534.0 | 542.5 | 571.0 | 525.8 | 492.5 | 437.4 | 373.7 |
| EBIT growth | 10.4% | -1.6% | -5.0% | 8.6% | 6.8% | 12.6% | 17.0% | 12.1% |
| EBIT margin | 18.0% | 18.6% | 19.9% | 20.0% | 19.2% | 20.5% | 19.5% | 18.1% |
| Non-recurring items [+] | 3.3 | 3.8 | 139.0 | 5.9 | | | 3.1 | 15.1 |
| Asset impairment | | | 101.7 | 5.9 | | | | |
| Loss (gain) on sale of assets | | | 37.3 | | | | | |
| Interest expense, net [+] | 74.6 | 49.8 | 50.2 | 54.2 | 53.2 | 104.5 | 62.4 | 51.4 |
| Interest expense | 75.9 | 50.2 | 51.1 | 56.0 | 54.0 | 105.7 | 64.3 | 52.9 |
| Interest income | 1.3 | 0.4 | 0.9 | 1.8 | 0.8 | 1.2 | 1.9 | 1.5 |
| Other income (expense), net [+] | 2.7 | 43.6 | 12.1 | -35.7 | 2.6 | 7.7 | -76.9 | -97.9 |
| Gain (loss) on sale of assets | | 6.4 | | | | 5.4 | -84.4 | 104.2 |
| Gain (loss) on sale of business | -7.6 | | | -30.1 | | | | |
| Other | 11.6 | 44.0 | 13.0 | -3.8 | 3.4 | 8.9 | 32.7 | 7.8 |
| Pre-tax income | 514.5 | 524.0 | 365.4 | 475.2 | 475.2 | 395.7 | 295.0 | 209.3 |
| Income taxes | 56.2 | 40.7 | 50.9 | 73.1 | -0.5 | -0.1 | 63.8 | 54.6 |
| Tax rate | 10.9% | 7.8% | 13.9% | 15.4% | | | 21.6% | 26.1% |
| Minority interest | 0.3 | 0.3 | 0.2 | 0.3 | 0.5 | 3.4 | 2.1 | 0.4 |
| Earnings from continuing ops | 458.0 | 483.0 | 314.3 | 401.8 | 434.9 | 273.3 | 229.1 | 309.0 |
| Earnings from discontinued ops | | | | | | | | -0.4 |
| Net income | 458.0 | 483.0 | 314.3 | 401.8 | 434.9 | 273.3 | 229.1 | 308.6 |
| Net margin | 14.0% | 16.8% | 11.6% | 14.1% | 15.9% | 11.3% | 10.2% | 14.9% |
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| Basic EPS [+] | $5.20 | $5.37 | $3.41 | $4.29 | $4.58 | $2.87 | $2.39 | $3.22 |
| Growth | -3.1% | 57.8% | -20.7% | -6.2% | 59.3% | 20.2% | -25.8% | -16.3% |
| Diluted EPS [+] | $5.19 | $5.34 | $3.39 | $4.26 | $4.54 | $2.85 | $2.36 | $3.19 |
| Growth | -2.8% | 57.6% | -20.5% | -6.2% | 59.6% | 20.4% | -25.9% | -16.2% |
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| Dividends per share [+] | $1.64 | $1.44 | $1.28 | $1.08 | $0.84 | $0.64 | $0.48 | $0.40 |
| Growth | 13.9% | 12.5% | 18.5% | 28.6% | 31.2% | 33.4% | 20.0% | 25.0% |
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| Shares outstanding (basic) [+] | 88.0 | 89.9 | 92.3 | 93.6 | 95.0 | 95.1 | 95.8 | 95.9 |
| Growth | -2.1% | -2.6% | -1.4% | -1.5% | -0.1% | -0.7% | -0.1% | -0.2% |
| Shares outstanding (diluted) [+] | 88.3 | 90.5 | 92.8 | 94.3 | 95.7 | 96.0 | 96.9 | 96.9 |
| Growth | -2.4% | -2.5% | -1.6% | -1.5% | -0.3% | -0.9% | 0.0% | -0.3% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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