Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 967M | 0.2% |
| Gross Profit | 215M | 2.9% |
| Cost of Revenue | 752M | 0.6% |
| Operating expense | 217M | 1% |
| Net Income | 174M | 12.1% |
| EBITDA | 240M | 3.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 4.97B | 4.1% |
| Total Liabilities | 3.4B | 1.5% |
| Total Equity | 1.57B | 10.2% |
| Shares Outstanding | 87M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 232M | 34% |
| Cash from investing | -24M | 80.3% |
| Cash from financing | -81M | 126.2% |
EPS
Financial Highlights for Allegion in Q3 '24
Allegion reported a revenue of 967M, which is a 0.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 215M, marking a 2.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 752M, a -0.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 217M, showing a -1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 174M, showing a 12.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 240M, showing a 3.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Allegion with growth in revenue, gross profit, and net income.
