Allegion's On Track to Achieve Its 2019 Financial Goals; Electronics Remain Key Growth Driver
Wide-moat-rated Allegion enjoyed another quarter of double-digit reported revenue growth with its fiscal fourth-quarter sales up almost 13% year over year to $702 million. However, Allegion's strong top-line performance was just shy of Wall Street's expectations for $703 million. Excluding acquisitions and currency translation, sales were up a solid 7%, driven by an approximate 5% increase in volume and 2% increase in price. Allegion's 2018 acquisitions had a dilutive effect on adjusted operatin...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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