Allegion Q2 2016 Earnings Results

Allegion reported second-quarter 2016 results with revenue of $584.9 million, up 12.6% overall and 8.9% organically. The company achieved adjusted operating margin expansion of 200 basis points across all regions, with adjusted EPS of $0.99 up 39.4% year-over-year, while raising full-year guidance for organic revenue growth and adjusted earnings.