Allegion: Q2 Earnings Snapshot

Allegion PLC reported second-quarter net income of $184.6 million, or $2.15 per share, with adjusted earnings of $2.40 per share, surpassing Wall Street expectations. The company generated $1.15 billion in revenue, exceeding forecasts, and expects full-year earnings of $8.85 to $9 per share. However, Allegion shares have declined 12% year-to-date and over 8% in the past 12 months.