DUBLIN (dpa-AFX) - Allegion Plc. (ALLE) announced a profit for the fourth
quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $118.6 million, or $1.34 per share. This
compares with $135.3 million, or $1.53 per share, in last year's fourth quarter.

Excluding items, Allegion reported adjusted earnings of $148.5 million or $1.68
per share for the period.

Analysts on average had expected the company to earn $1.59 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 4.2% to $897.4 million from $861.5
million last year.

Looking ahead, for the full year, Allegion expects annual earnings in line with
analysts' expectations. The company expects net income per share of $6.45 to
$6.60. For the full year, 2023, the firm posted net income per share of $6.12.  

Excluding items, earnings are projected to be in the range of $7 to $7.15 per
share, in line with the analysts' estimate of $7.04 per share and higher than
last year's $6.96 per share.  

Revenue is expected to increase 1.5 percent to 3.5 percent from last year's
$3.650 billion. Analysts, on average, forecast the company to post revenue of
$3.74 billion.

Allegion earnings at a glance (GAAP) :

-Earnings (Q4): $118.6 Mln. vs. $135.3 Mln. last year.
-EPS (Q4): $1.34 vs. $1.53 last year.
-Analyst Estimates: $1.59
-Revenue (Q4): $897.4 Mln vs. $861.5 Mln last year.



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