Allegion PLC

ALLE: XNYS (USA)
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Allegion Earnings: Acquisitions and Pricing Prop Up Declining Sales Volumes

Allegion reported first-quarter sales growth of 9.7% year over year, driven by acquisitions and currency tailwinds in its international segment. However, nearly 200 basis points of operating margin contraction resulted in a 7% decline in earnings per share.

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