Allegion reports Q4 adjusted EPS $1.60, consensus $1.38

Reports Q4 revenue $861.5M, consensus $848.69M. "The Allegion team delivered another quarter of excellent operational performance," said John H. Stone, Allegion president and CEO. "I’m very pleased with the performance and integration of our Access Technologies acquisition. In addition, our supply chain actions are achieving positive results and lead times for our mechanical products are normalizing. While strong global demand for our electronic products is still outpacing supply, component availability has improved, and we expect this progress to continue."