Allegion (ALLE) Revenue — Quarter Ended Mar 31, 2023
Revenue increased in the current quarter compared to the prior period. The growth also extended when measured against the same quarter a year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased in the current quarter compared to the prior period. The growth also extended when measured against the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$923M
Revenue reported for this quarter.
Quarter-over-quarter
+7.1%
Change from the immediately preceding quarter.
Year-over-year
+27.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $773.1M | +3.5% |
| Sep 30, 2022 | $913.7M | +27.4% |
| Dec 31, 2022 | $861.5M | +21.5% |
| Mar 31, 2023 | $923M | +27.6% |
Revenue performance
Reported revenue moved higher quarter over quarter, continuing the upward trajectory seen in recent periods.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. The increase was more pronounced when measured against the same quarter one year ago.
What to watch
The filing notes that the company expects operating cash flow to be sufficient to maintain its financial position; no specific risk factors to revenue were highlighted.