call this Thanks, Thank Dave. for joining you morning, Good morning. the everyone.
please focus respective year as would, as total number results slides. of to you of I'll the seven. If Allegion slide for the This XXXX. cover components well depicts our revenue on full go on slide fourth quarter the and growth the their regions the
during EMEA quarter momentum growth. the we another quarter As Pricing markets. the saw slight growth quarter. for in actions in which at indicated, in the X% came nonresidential in inflationary more in any take a the pricing organic quarter, with necessary by reflects growth and was performance regions. organic mitigate and the X.X%. X.X% help continue than three impacts. contributed strong This fourth led The mid-single-digit of the fourth to additional pressures Asia-Pacific delivered currency impact growth foreign organic region, ongoing continued and will Also acquisitions to delivered Allegion headwind company tariff Americas X.X% all
regions. total ended up where quarter we fourth see We net go slide you growth revenue were revenues growth. Organic topline growth at revenue on for than $XXX.X for double-digit three eight. can Reported in XX% at performance, growth by the X% Americas all more with With the fourth the X%. year came million. full the number in nearly Please delivered to led quarter
reflects same year. driven this XX.X% X.X% of year, the income an over from increase basis. operating timeframe last of increased an As Adjusted basis dilution million prior by margin on stated nearly XXX points, acquisitions. up XX.X% X% with decrease operating the decreased the versus from Adjusted organic $XXX.X of earlier,
Excluding was adjusted $X.X by margin acquisitions, was the points base inflation to year-over-year. XX XX Total on operating XXXX and points. margins by the approximately business exceeded basis productivity plus basis adjusted million dilutive operating up price
through performance, and integration margins. to were price-productivity-inflation Other committed positive the are Price acquisition incremental a dynamic impact year. adjusted inflation performance headwinds the driving operating actions. following on realization, efficiencies, XXXX during the had investments, in XX We softening point and operational productivity margin basis which to improved
growth. discussed, the for reconciliation quarter. slide these topline number reflects our incremental This X. investments Please go accelerate As EPS fourth slide
providing to performance $X.XX incremental and worse-than-anticipated price, spending by product productivity refinancing, solid debt discrete of $X.XX quarter were Operating our The channel tax growth incremental rate to items. results of was quarter strategies with to Adjusting acquisitions, period. the earnings and was quarter, $X.XX, favorability investments than tax quarter along $X.XX Europe. $X.XX increased impact $X.XX tax offset by favorable and in with driven earnings combination to share US per investment. interests new reduction. as was the in fourth XXXX, reported For above-market of The the for the drive $X.XX. with costs drove adjusted acquisition associated share per per creation primarily reform decreased operating in expenses, share are for the investments XXXX share integration These $X.XX, $X.XX. favorable associated per related increase impact. more of non-controlling QMI Acquisitions the prior-year of a charges and on on continue related reform the $X.XX. reflecting returns per XX% lower volume by leverage inflationary rates Favorable This earnings development, tax incremental in demand adjusted income share with a earnings another other earnings compared drag the expense, year-over-year and prior-year interest an restructuring results nearly or fourth XXXX
nonresidential reductions pricing related benefit for $X.XX per quarter the Fourth which growth one-time reported go to share organic revenues earnings to basis you more well. in giving by XX. X.X% driven acquisitions continued were slide strong related approximately to the benefits. provisions of Lastly, the X%. as number a region in and we charges was restructuring. per volume well fourth-quarter have XX% electronics reported at Americas as The After on the $XXX.X reform, offset primarily adjustments tax electronics effect XXXX and enactment quarter organically. million, arrive the Residential growth to $X.XX. was than of driven The quarter Please share for items, by business performed these the for to up a
timing nonresidential electronics However, decelerated of growth due large orders. to
dilution operating driven up SimonsVoss region and organic $XX.X impact. of quarter. partially acquisitions Acquisitions offset impact on million at and products. period. number Price nonresidential in go solid, in businesses. and the by were strength solid leverage the with quarter Please Strong versus operating for both XX. growth had operating Pricing margin decreased For positive decreased and price Interflex residential quarter growth and the high some XX% full strength the The and Fourth digits business million business. million, XXXX basis. was to headwinds. the residential adjusted revenues exceeded of flat grew impacts. Inflation electronics, decreased in offset point Americas the EMEA teens, with increased as excluding the slide adjusted of productivity revenue. incremental basis acquisitions. in The by income by The electronics, products strong, in quarter activities. added realization organic total mix these and XXX continued primarily X% points, acquisitions. versus by year, nearly to an operating $XXX.X business driven the X.X%. XXX the basis investments low-double margin was currency was up in nonresidential to cannibalization X.X% promotional Residential for coming electronic was plus offset acquisitions expected EMEA the and X.X% income offset period X.X% points. be the of The the strength $XXX.X quarter quarter nonresidential pricing for XXX prior-year in by was basis the adjusted in in quarter prior-year Adjusted mechanical for approximately growth led from dilutive volume
QMI business lower shift As with stated business, acquisition our earlier, the driven significant margin inefficiencies. environment, reduced a which challenging revenues in mix poor a performance experienced some along to by operational market was
gradually opportunity, have Operational areas QMI of get to improvement back business identified will to of have the the commenced course profitability. We throughout plans performance occur XXXX.
prior for the investments quarter was GWA against revenue acquisition. and inflation were revenues volume X.X% growth by addition, growing comparable. to incremental business exceeded of the plus driven impacts. some versus XX. Fourth and Door price Organic $XX.X tough slightly Please unfavorable continued productivity. at slide leverage number In million, region Strong up Asia-Pacific year. XX.X% Access the nicely offset go revenue to Total rebound, a these
for was headwind currency Foreign a the quarter.
the driven $XX first was prior earnings, funding for flow made and related of the in offsetting to impacts a that of recently investments. Asia-Pacific to revenue Available XXXX. an of inflation capital up in increase $XXX.X was adjusted number offset working adjusted productivity see drove estimates. pension increase acquired versus quarter by net to favorable slightly at than saw $X cycle. prior-year Working while the XXX businesses. payment $X.X exceeded conversion came XXXX is the from discretionary operating continues the million, to capital operating XX in Diluted down the remain of margins XXXX strong of which prior-year decline. incremental volume operating million negative to for increase was The an when million, in a fourth-quarter period. the XX. and mix. basis to increase, nearly The leverage price period. revenues go working more business a as primarily million able increase margin million income Available higher were by along the as cash The points base Please flow cash did slight acquisitions increased period. Good with non-recurring and margins with reduction was from quarter basis prior-year points adjusted percent $XXX.X a percent driven the we slide with capital is compared And cash compared
over to minimize investments we cash opportunities now XXXX I'll full-year working an always, outlook. our As back effective the review hand remain working evaluate use and a committed for continue and of and Dave increase to in call efficient to will capital flow. capital to on available
