Filing Flows › Allegion (ALLE) › Q1 2025
Allegion (ALLE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Allegion (ALLE) reported revenue of $942M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -0.4% from the quarter before. Operating margin was 20.9%, net earnings $148M (15.7% of revenue).
Allegion, Q1 2025: revenue $942M (+5% year over year), operating margin 20.9%, net earnings $148M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $942M | -0.4% | +5% |
| Operating profit | $196M | +6% | +14% |
| Net earnings | $148M | +3% | +20% |
| Operating cash flow | $104M | -52% | +105% |
| Free cash flow | $83.4M | -57% | +249% |
What changed
Revenue was $941.9M in Q1 2025, up 5% year over year and roughly flat from the previous quarter. Products was the largest line at 93% of revenue. Products added $47.1M year over year (up 6%), 98% of the total change.
Operating profit was $196.4M, a 20.9% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 19% margin then. Total costs grew 3% against revenue growth of 5%. Net earnings were $148.2M, up 20% year over year. The effective tax rate was 15.4%.
Operating cash flow was $104.5M (up 105% year over year), 71% of net earnings. Non-cash charges added back $30.0M of depreciation and amortization and $10.1M of share-based compensation. Working capital and other items used $83.8M. Capital expenditures of $21.1M left free cash flow of $83.4M.
Questions
What was Allegion's revenue in the first quarter 2025?
Allegion (ALLE) reported revenue of $942M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -0.4% from the quarter before.
Was Allegion profitable in the first quarter 2025?
Operating profit was $196M (20.9% of revenue) and net earnings $148M.
Source: Allegion 10-Q on SEC EDGAR.