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Allegion Public Limited Company (NYSE: ALLE) is a global leader in safety and security solutions, known for its innovative products and services that ensure seamless access to buildings and spaces. Founded in 2013 as a spinoff from Ingersoll-Rand, Allegion has established itself as a trusted name in the security industry. The company boasts a robust portfolio of renowned brands such as Schlage, Von Duprin, LCN, and CISA, which are widely recognized for their high-quality security solutions.
Headquartered in Dublin, Ireland, Allegion operates on a global scale, with its products sold in nearly 130 countries. In fiscal 2023, the company reported revenues of $3.7 billion, with 75% of its sales generated in the United States. Allegion's comprehensive product range caters to various sectors, including homes, businesses, schools, and institutions, focusing on security around doors and adjacent areas.
Allegion continuously addresses modern security challenges through its commitment to innovation. The company recently showcased its latest interoperable electronic access control technologies and software at ISC West 2024. These advancements, including Schlage NDE and LE mobile-enabled wireless locks and the Schlage XE360 Series, demonstrate Allegion's dedication to integrating cutting-edge technology and seamless access solutions.
Furthermore, Allegion's strategic collaborations, such as the Allegion Alliance Network and partnerships with organizations like the Connectivity Standards Alliance and FiRA consortium, enhance its product offerings and industry leadership. Notably, the company's recent acquisitions of Boss Door Controls, Dorcas, and Unicel Architectural expand its market reach and product capabilities, reinforcing its position as a leader in security solutions.
Financially, Allegion remains strong, as evidenced by its recent first-quarter 2024 results. The company reported net revenues of $893.9 million and net earnings of $123.8 million. Allegion continues to invest in growth and return value to shareholders through dividends and share repurchases. The company's outlook for 2024 remains positive, with expectations of continued revenue growth and robust performance in institutional markets.
For more information about Allegion and its comprehensive range of security solutions, please visit www.allegion.com.
Allegion (NYSE: ALLE), a global security products and solutions provider, has reappointed Jeff Braun as senior vice president, general counsel, and corporate secretary. This role was previously held by Stacy Cozad, who has left the company. Braun brings extensive experience, having served as Allegion's general counsel for over 10 years. His background includes roles at Ingersoll Rand, General Motors, and a private law firm. Braun earned his juris doctor degree magna cum laude from Harvard University Law School.
Allegion (NYSE: ALLE) announced its participation in the 2024 Baird Global Industrial Conference at The Ritz-Carlton Chicago on November 13. CEO John H. Stone and CFO Mike Wagnes will present the company's long-term strategy during the event. Investors and interested parties can access a live listen-only webcast through Allegion's investor website at investor.allegion.com.
Allegion (ALLE) reported strong Q3-2024 results with net earnings per share of $1.99, up 12.4% YoY. Revenue reached $967.1 million, increasing 5.4% on a reported basis and 3.3% organically. Operating margin expanded to 22.2% from 21.0%, while adjusted operating margin rose 100 basis points to 24.2%. The company raised its full-year adjusted EPS guidance to $7.35-$7.45 while affirming revenue growth outlook of 2.5-3.5%. The Americas segment grew 5.6%, while International segment revenues increased 4.4%. Year-to-date available cash flow improved to $388.0 million, up $67.6 million versus prior year.
Allegion plc (NYSE: ALLE), a global security products and solutions provider, has announced its schedule for releasing 2024 third-quarter financial results. The company will release its results on Thursday, Oct. 24, before the market opens. Following this, John H. Stone, president and CEO, and Mike Wagnes, senior vice president and CFO, will host a conference call at 8 a.m. ET to review the results with analysts and investors.
A live webcast of the conference call will be available on Allegion's investor relations website. Interested parties can also join the call by dialing 1-877-883-0383 (US) or 1-412-902-6506 (international) and using Conference ID 3411999. It's recommended to dial in at least 10 minutes before the call starts. For those unable to attend live, a replay will be available on the company's website later that day.
Allegion plc (NYSE: ALLE) has announced a significant leadership change. The Board of Directors has elected Lauren B. Peters as its next chair, effective Sept. 11, 2024. Peters, who has served on Allegion's Board since 2021, will succeed Kirk S. Hachigian, who is retiring in June 2025. Peters brings extensive experience as the former executive VP and CFO of Foot Locker, Inc., with a track record of expanding profits and implementing innovative solutions.
The transition also includes Susan L. Main replacing Peters as the Audit and Finance Committee chair. This leadership shuffle aims to leverage Peters' strategic acumen and global business expertise to support Allegion's future growth in the security products and solutions industry.
Allegion plc (NYSE: ALLE), a global leader in security products and solutions, has announced a quarterly dividend of $0.48 per ordinary share. The dividend will be paid on Sept. 30, 2024, to shareholders on record as of Sept. 20, 2024. This announcement demonstrates Allegion's commitment to returning value to its shareholders and maintaining a consistent dividend policy. The declaration of a dividend can be seen as a positive sign of the company's financial health and confidence in its future performance.
Allegion plc (NYSE: ALLE), a global security products provider, has released its 2023 ESG metrics and digital annual report. Key highlights include:
- 16% decrease in water usage intensity
- 30% decrease in greenhouse gas emissions intensity
- 87% waste diversion rate
- 26% carbon-free electricity usage
- 42% decrease in lost time incident rate
- 75% diversity on the Board of Directors
The company's digital annual report showcases its 10-year anniversary, financial performance, and strategic vision. CEO John H. Stone emphasized Allegion's commitment to safety, sustainability, and creating long-term shareholder value. The report is available at www.allegion.com/annualreport.
Allegion (NYSE: ALLE) reported strong Q2-2024 financial results, raising its full-year outlook. Key highlights include:
- Net earnings per share (EPS) of $1.77, up 9.9% YoY
- Adjusted EPS of $1.96, up 11.4% YoY
- Revenues of $965.6 million, up 5.8% on a reported basis and 5.2% organically
- Operating margin of 21.6%, compared to 20.2% in Q2-2023
- Adjusted operating margin of 23.7%, up 150 basis points YoY
The company raised its full-year reported revenue growth outlook to 2.5-3.5% and adjusted EPS to $7.15-$7.30. Allegion's performance was driven by strong execution, price realization, and volume growth across its Americas and International segments.
Allegion (NYSE: ALLE), a global leader in security products and solutions, will announce its 2024 second-quarter financial results on July 24, before the market opens. A conference call with John H. Stone, President and CEO, and Mike Wagnes, Senior VP and CFO, will follow at 8 a.m. ET to review the results. The call will be webcast live on Allegion's investor relations website. To join the call, investors in the U.S. can dial 1-877-883-0383, while international participants can dial 1-412-902-6506, using Conference ID 9382339. A replay will be available on the website later that day.
Allegion (NYSE: ALLE), a global leader in security products, has announced the appointment of Stacy Cozad as Senior Vice President, General Counsel, and Corporate Secretary, effective August 5, 2024. Cozad succeeds Jeff Braun, who will retire on December 31, 2024. With nearly 30 years of experience, Cozad brings expertise in law, compliance, corporate communications, and cybersecurity. Previously, she served as EVP, General Counsel, and Corporate Secretary at Ingevity , managing $2 billion in 2023 revenue. John H. Stone, Allegion's CEO, highlighted Cozad's strategic problem-solving skills and dedication to core values, welcoming her to the executive leadership team to drive the company's growth and innovation.
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