Allegion (ALLE) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose compared to both the prior quarter and the same quarter a year earlier. The sequential increase reversed the decline seen in the preceding quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose compared to both the prior quarter and the same quarter a year earlier. The sequential increase reversed the decline seen in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$965.6M
Revenue reported for this quarter.
Quarter-over-quarter
+8.0%
Change from the immediately preceding quarter.
Year-over-year
+5.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.7B
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, 2023 | $917.9M | +0.5% |
| Dec 31, 2023 | $897.4M | +4.2% |
| Mar 31, 2024 | $893.9M | -3.2% |
| Jun 30, 2024 | $965.6M | +5.8% |
Revenue performance
Net revenue was higher than the previous quarter, marking a recovery after a downward move. On a year-over-year basis, revenue also improved, extending a pattern of annual growth.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased, reversing the prior period's decline. Against the same quarter one year earlier, revenue was also higher.
What to watch
The filing contains risk factor disclosures and management discussion of liquidity, but no specific revenue drivers are cited in the provided context.