Allegion (ALLE) FY2023 results: revenue $3.7 billion, up 11.6% on the year
Allegion plc (ALLE) reported revenue of $3.7 billion for fiscal 2023, the year ended 31 December 2023, up 11.6% on the year before. Net income was $540 million, up 18.0%, and diluted earnings per share $6.12. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$3.7 billion
+11.6% on the year
FY2016FY2023
Operating margin
19.4%
17.9% a year earlier
FY2016FY2023
Net income
$540 million
+18.0% on the year
FY2016FY2023
Diluted EPS
$6.12
+17.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
601
460
489
+30.7%
Capital expenditure
84.2
64.0
45.4
+31.6%
Free cash flow
516
396
443
+30.6%
Free cash flow margin
14.1%
12.1%
15.5%
Cash from investing
-129
-994
-31.6
Cash from financing
-299
437
-529
Depreciation and amortisation
109
95.1
79.2
+14.6%
Share-based compensation
26.4
24.5
23.4
+7.8%
Buybacks
59.9
61.0
413
-1.8%
Dividends paid
159
144
129
+10.3%
Dividend per share
$1.80
$1.64
$1.44
+9.8%
Diluted shares, weighted
88m
88m
90m
0.0%
Shares outstanding at period end
88m
88m
88m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,318
942
759
+40.0%
Non-controlling interest
0.0
2.7
3.3
Debt
2,015
2,094
1,442
-3.8%
Operating lease liabilities
117
69.5
63.3
+68.8%
Other liabilities
861
883
783
-2.5%
Total liabilities and equity
4,312
3,991
3,051
+8.0%
Fixed assets
358
309
284
+16.0%
Goodwill
1,443
1,413
804
+2.1%
Intangible assets
573
609
448
-5.9%
Cash and equivalents
468
288
398
+62.5%
Receivables
413
396
283
+4.3%
Inventory
438
479
380
-8.5%
Other assets
618
498
454
+24.1%
Total assets
4,312
3,991
3,051
+8.0%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.