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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.
Schlage, an Allegion (ALLE) brand, unveiled Advanced Rekey™ at the 2025 International Builders' Show in Las Vegas. This innovative solution allows builders and homeowners to rekey locks without professional assistance or door removal, using just one simple tool and the current working key.
The system features 100,000 possible keying combinations and includes bump-resistant security features. Advanced Rekey will be integrated across all Schlage residential keyed mechanical and electronic products, offering enhanced security control and convenience. The solution will be available to builders through dealers and wholesale partners in late 2025.
Key benefits include increased efficiency in key management, user-friendly operation, and enhanced security control. The system allows for quick rekeying when keys are lost or stolen, during homeownership changes, or when updating multiple locks to use the same key.
Allegion (ALLE) reported strong Q4 and full-year 2024 results with significant growth across key metrics. Q4 net revenues increased 5.4% to $945.6 million, with organic growth of 3.5%. Q4 EPS reached $1.65, up 23.1%, while adjusted EPS grew 10.7% to $1.86.
For full-year 2024, revenues grew 3.3% to $3,772.2 million, with organic growth of 2.1%. Full-year EPS was $6.82, up 11.4%, and adjusted EPS increased 8.2% to $7.53. Operating margin expanded to 20.7% from 19.4%, while adjusted operating margin improved 70 basis points to 22.8%.
The company's 2025 outlook projects organic revenue growth of 1.5% to 3.5%, with adjusted EPS estimated between $7.65 and $7.85. Available cash flow for 2024 increased 12.9% to $582.9 million.
Schlage, a leader in home security solutions, has been named America's Most Trusted® Door Lock Brand for the sixth consecutive year in the 2025 study by Lifestory Research. The recognition comes from a comprehensive survey involving over 4,600 consumers who evaluated door locks and hardware throughout 2024.
Schlage achieved the highest Net Trust Quotient score of 116.0, with consumers rating brands on factors including reputation, recommendation likelihood, and brand trust. The study maintains strict statistical standards, requiring a 95% confidence level with maximum 3% margin of error for brand inclusion.
David Perozzi, general manager of Allegion Home, emphasized the company's commitment to innovation and customer protection, while Lifestory Research president Eric Snider highlighted the important role of trust in homeowners' security decisions. The America's Most Trusted study has been evaluating consumer trust across industries for over a decade.
Allegion plc (NYSE: ALLE) has signed a definitive agreement to acquire Lemaar Australia Pty , a Victoria-based door hardware company. The acquisition is expected to close in Q1 2025. Founded in 1999, Lemaar specializes in security and accessibility solutions, including door entry systems, handles, and digital locks for residential and multifamily markets.
The acquisition will strengthen Allegion's presence in Australia, with Lemaar reporting to the Allegion International segment. Lemaar's product lines and channels complement Allegion's portfolio, offering new opportunities for scaling. Lemaar's owner, Bill Spyrou, will serve in an advisory role to support the business transition. The financial terms of the transaction were not disclosed.
Allegion (NYSE: ALLE) has announced a 6% increase in its quarterly dividend, which will now be $0.51 per ordinary share. This marks the company's 11th consecutive annual dividend increase. The dividend will be payable on March 31, 2025, to shareholders of record as of March 14, 2025. Allegion, a global security products and solutions provider, continues to demonstrate its commitment to shareholder returns through consistent dividend growth.
Allegion (NYSE: ALLE) has announced its participation in the 2025 Barclays Industrial Select Conference, scheduled for Thursday, February 20, at the Loews Miami Beach Hotel. President and CEO John H. Stone will present the company's long-term strategy during the event. Investors and interested parties can access a live listen-only webcast of the presentation through Allegion's investor website at investor.allegion.com.
Allegion (NYSE: ALLE) has announced it will release its 2024 fourth-quarter and full-year financial results on Tuesday, February 18, before market opening. The company will hold a conference call and webcast at 8 a.m. ET the same day, featuring President and CEO John H. Stone and CFO Mike Wagnes, who will review the results with analysts and investors.
The live webcast will be available through Allegion's investor relations website. Participants can join the conference call by dialing 1-877-883-0383 (US) or 1-412-902-6506 (international) with Conference ID 9905335. A replay will be available on the company's website after the event.
Allegion plc (NYSE: ALLE) has acquired Next Door Company, a Miami-based manufacturer of stainless steel and hollow metal doors. Founded in 1993, Next Door specializes in custom configurations for industrial, commercial, and institutional buildings. The acquisition enhances Allegion's specialty offerings and complements its existing hollow metal doors and frames portfolio.
Next Door will be integrated into the Allegion Americas segment, led by Senior Vice President Dave Ilardi. Justin Schechter, Next Door's owner, will join Allegion to support the transition and accelerate growth for the combined businesses. The companies have been partners for over a decade, sharing expertise in complex environments. The financial terms of the transaction were not disclosed.
Schlage unveiled two new smart lock solutions at CES 2025: the Schlage Sense Pro™ Smart Deadbolt and Schlage Arrive™ Smart WiFi Deadbolt. The Sense Pro features Matter-over-Thread compatibility and introduces Schlage Converge™ technology, utilizing Ultra Wideband for hands-free unlocking based on user movement and intent. It offers keypad access, NFC capabilities, and smart home integration.
The Arrive™ Smart WiFi Deadbolt is Schlage's first push-button keypad deadbolt with built-in WiFi, allowing direct network connection without additional accessories. It supports up to 250 access codes and includes remote management through the updated Schlage Home app.
The new Schlage Home app, launching early 2025, will provide a unified interface for managing all Schlage smart locks with WiFi capabilities. The Arrive™ model will be available in late spring 2025, while the Sense Pro™ will launch later in the year.
Silverstein Properties has launched resident keys in Apple Wallet at Silver Towers (606 West 42nd Street) in New York City, allowing residents to access their building, apartments, and amenities using iPhone or Apple Watch. The initiative, implemented in partnership with SwiftConnect, Allegion, and Kastle, eliminates the need for physical keys.
The system works through Silverstein's Inspire app using SwiftConnect's AccessCloud platform. Features include Express Mode for quick access without unlocking devices and Power Reserve for low-battery situations. The technology emphasizes security and privacy, with encrypted data protected against tampering. This implementation is part of Silverstein's Inspire program, which focuses on enhancing customer experience through hospitality services, programming, and workplace technology.
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