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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 966M | 8% |
Gross Profit | 209M | 33.5% |
Cost of Revenue | 757M | 2.6% |
Operating expense | 219M | 6.6% |
Net Income | 155M | 25.5% |
EBITDA | 231M | 20.8% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 4.78B | 11.5% |
Total Liabilities | 3.35B | 14.2% |
Total Equity | 1.43B | 5.5% |
Shares Outstanding | 87M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 173M | 238.6% |
Cash from investing | -123M | 182.5% |
Cash from financing | 308M | 485.3% |
EPS
Financial Highlights for Allegion in Q2 '24
Allegion reported a revenue of 966M, which is a 8% 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 209M, marking a 33.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 757M, a 2.6% 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 219M, showing a -6.6% 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 155M, showing a 25.5% 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 231M, showing a 20.8% 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.