Allegion Reports Strong 4Q Results; Acquisitions Should Propel Double-Digit Growth in 2018
Allegion finished its fiscal 2017 on a high note with strong fourth-quarter results, and the firm started 2018 with a flurry of acquisition activity. The wide-moat manufacturer of security products grew fourth-quarter revenue more than 9% year over year (about 6% organically) to $623 million (beating the $605 million consensus estimate) and adjusted EPS increased 37%, to $1.11 (beating the $0.93 consensus estimate). Full-year revenue of $2.4 billion increased about 8% over 2016 (about 6% organic...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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