Allegion (ALLE) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared with both the prior quarter and the same quarter a year ago. The year-over-year growth was stronger than the sequential change.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared with both the prior quarter and the same quarter a year ago. The year-over-year growth was stronger than the sequential change.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$967.1M
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
+5.4%
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 |
|---|---|---|
| Dec 31, 2023 | $897.4M | +4.2% |
| Mar 31, 2024 | $893.9M | -3.2% |
| Jun 30, 2024 | $965.6M | +5.8% |
| Sep 30, 2024 | $967.1M | +5.4% |
Revenue performance
Revenue rose during the period, continuing the upward trajectory from the previous quarter.
Quarterly comparison
Sequentially, revenue posted a modest gain, while the year-over-year comparison showed a more substantial increase.
What to watch
The sequential growth rate slowed compared with the prior quarter, warranting attention to future revenue trends.