Allegion (ALLE) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter but increased significantly versus the same quarter one year earlier. The year-over-year rise reflects continued growth, while the sequential decline marks a modest pullback from the prior period's level.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter decreased compared to the immediately preceding quarter but increased significantly versus the same quarter one year earlier. The year-over-year rise reflects continued growth, while the sequential decline marks a modest pullback from the prior period's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$912.5M
Revenue reported for this quarter.
Quarter-over-quarter
-1.1%
Change from the immediately preceding quarter.
Year-over-year
+18.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
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 |
|---|---|---|
| Sep 30, 2022 | $913.7M | +27.4% |
| Dec 31, 2022 | $861.5M | +21.5% |
| Mar 31, 2023 | $923M | +27.6% |
| Jun 30, 2023 | $912.5M | +18.0% |
Revenue performance
Reported revenue declined from the prior quarter, breaking a streak of sequential increases, yet remained well above the figure from the same quarter a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower, while compared with the same quarter one year earlier, revenue was higher.
What to watch
The slight sequential decline after several quarters of strong growth makes the direction of the next quarter's revenue a key point to monitor.