Strong Revenue Growth in Q4
Allegion reported Q4 revenue of $945.6 million, an increase of 5.4% compared to 2023, with organic revenue growth of 3.5% driven by favorable price and volume.
Margin Expansion and Earnings Increase
Q4 adjusted operating margin increased by 10 basis points, and adjusted earnings per share of $1.86 increased by 10.7% versus the prior year.
Successful Capital Deployment
Allegion executed $137 million in M&A activities in 2024, with five bolt-on acquisitions, and completed share repurchases of approximately $220 million.
Growth in Americas Segment
Americas segment delivered strong results with a 4.6% organic growth in Q4, driven by both favorable price and volume.
Record Cash Flow
Full year 2024 available cash flow was $582.9 million, a 12.9% increase versus last year, driven by higher earnings and improvements in working capital.