Strong Start to 2025 with Revenue Growth
Allegion reported Q1 2025 revenue of $941.9 million, an increase of 5.4% compared to 2024, with organic revenue growth of 4% driven by favorable price and volume, particularly in the nonresidential business in The Americas.
Margin Expansion and Increased Earnings Per Share
The adjusted operating margin increased by 150 basis points, and adjusted earnings per share rose by 20% to $1.86, indicating strong operational performance.
Cash Flow and Capital Allocation
Available cash flow for the quarter was $83.4 million, up nearly 250% versus last year. The company returned capital to shareholders, with $40 million in share repurchases and $44 million in dividends.
Product Innovation and Market Expansion
Launch of Schlage Sense Pro and Arrive Smart WiFi Deadbolt, enhancing Allegion's smart lock offerings. Three strategic acquisitions were closed, expanding Allegion's market reach in The Americas and Australia.
Positive Outlook for Nonresidential Market
Nonresidential markets, particularly institutional verticals, remain resilient. The company reiterated its 2025 outlook for adjusted earnings per share of $7.65 to $7.85.