Allegion (ALLE) FY2024 results: revenue $3.8 billion, up 3.3% on the year
Allegion plc (ALLE) reported revenue of $3.8 billion for fiscal 2024, the year ended 31 December 2024, up 3.3% on the year before. Net income was $598 million, up 10.6%, and diluted earnings per share $6.82. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$3.8 billion
+3.3% on the year
FY2017FY2024
Operating margin
20.7%
19.4% a year earlier
FY2017FY2024
Net income
$598 million
+10.6% on the year
FY2017FY2024
Diluted EPS
$6.82
+11.4% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
675
601
460
+12.4%
Capital expenditure
92.1
84.2
64.0
+9.4%
Free cash flow
583
516
396
+12.9%
Free cash flow margin
15.5%
14.1%
12.1%
Cash from investing
-228
-129
-994
Cash from financing
-394
-299
437
Depreciation and amortisation
116
109
95.1
+6.6%
Share-based compensation
28.2
26.4
24.5
+6.8%
Buybacks
220
59.9
61.0
+267.3%
Dividends paid
167
159
144
+5.2%
Dividend per share
$1.92
$1.80
$1.64
+6.7%
Diluted shares, weighted
88m
88m
88m
-0.8%
Shares outstanding at period end
86m
88m
88m
-1.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,501
1,318
942
+13.8%
Non-controlling interest
n/a
0.0
2.7
Debt
2,000
2,015
2,094
-0.8%
Operating lease liabilities
114
117
69.5
-2.4%
Other liabilities
873
861
883
+1.4%
Total liabilities and equity
4,488
4,312
3,991
+4.1%
Fixed assets
385
358
309
+7.6%
Goodwill
1,489
1,443
1,413
+3.2%
Intangible assets
569
573
609
-0.7%
Cash and equivalents
504
468
288
+7.6%
Receivables
419
413
396
+1.5%
Inventory
423
438
479
-3.5%
Other assets
698
618
498
+13.0%
Total assets
4,488
4,312
3,991
+4.1%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.