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Allegion Q2 results show continued momentum

July 26, 2023SSN Staff

DUBLIN – Allegion held its 2023 second quarter earnings call on July 26, and the results are a year of positive gain and increased expectations. These results mirror a surprisingly well-padded first quarter that could not be dampened by the soft residential market. Now several months later Allegion is reporting revenues of $912.5 million, up 18% on a reported basis and up 5.6% on an organic basis in the second quarter of 2023. “In Q2, strength across both residential and nonresidential...

Allegion, electronics, John Stone, nonresidential, Residential, Stanley Access Security