Allegion (ALLE) Revenue — Quarter Ended Mar 31, 2024
Revenue for the current quarter declined. It was lower than both the prior quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the current quarter declined. It was lower than both the prior quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$893.9M
Revenue reported for this quarter.
Quarter-over-quarter
-0.4%
Change from the immediately preceding quarter.
Year-over-year
-3.2%
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 |
|---|---|---|
| Jun 30, 2023 | $912.5M | +18.0% |
| Sep 30, 2023 | $917.9M | +0.5% |
| Dec 31, 2023 | $897.4M | +4.2% |
| Mar 31, 2024 | $893.9M | -3.2% |
Revenue performance
Revenue in the current quarter was down from the preceding quarter and from the same quarter a year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Compared to the same quarter one year earlier, revenue also declined.
What to watch
The reversal from year-over-year growth in the prior quarter to a decline in the current quarter is a notable change.