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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 plc (NYSE: ALLE) will present its long-term strategy at the Bank of America Global Industrials Conference on March 15, 2022. CFO Mike Wagnes will lead the discussion. Investors can access a live webcast of the presentation through Allegion’s investor website or by clicking here. Allegion generated $2.9 billion in revenue in 2021, providing security solutions globally under renowned brands like Schlage® and CISA®.
Allegion reported fourth-quarter 2021 net earnings of $112.7 million or $1.26 per share, compared to $1.01 in 2020. Adjusted EPS of $1.11 is down 25.5% year-over-year. Revenues declined to $709.2 million, down 2.5% from 2020. Full-year EPS rose to $5.34, up from $3.39, with annual revenues of $2.87 billion, a 5.4% increase. The company anticipates a strong 2022, projecting revenue growth of 6-7.5% and EPS between $5.50 and $5.70. Despite ongoing supply chain issues, record backlog supports future growth.
Allegion plc (NYSE: ALLE) has appointed Michael Wagnes as the new senior vice president and chief financial officer, effective March 1, 2022. Wagnes succeeds Patrick Shannon, who will retire by September 2, 2022. Wagnes brings over 15 years of experience with Allegion, having previously served as VP and GM of Commercial Americas. David Ilardi has also been appointed as SVP of Allegion Americas, effective the same date, succeeding Luis Orbegoso. The company continues to enhance its leadership team, aiming for strategic growth.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the Barclays Industrial Select Conference on February 24, 2022, in Miami Beach, FL. Chairman, President, and CEO David D. Petratis will lead the discussion. A live webcast will be available on Allegion's investor website. Allegion is a global leader in security solutions, generating $2.7 billion in revenue in 2020, with renowned brands like Schlage® and CISA®. The company focuses on securing access for homes, businesses, and institutions worldwide.
Allegion plc (NYSE: ALLE) declared a quarterly dividend of $0.41 per share, marking a 14% increase from the previous year. This is the eighth consecutive annual dividend increase, reflecting the company's strong cash flow and commitment to shareholder value. The dividend payment date is March 31, 2022, for shareholders of record on March 16, 2022. Allegion's chairman emphasized a balanced capital allocation strategy, underlining confidence in the long-term vitality of the business and ongoing investment in innovation.
Allegion plc (NYSE: ALLE) will release its 2021 fourth-quarter and full-year financial results on February 15, 2022, before the market opens. A conference call will follow at 8 a.m. ET, led by CEO David D. Petratis and CFO Patrick Shannon, to discuss the results with analysts and investors. The call will be accessible via webcast on the company’s website. Allegion reported $2.7 billion in revenue for 2020, focusing on security solutions for various sectors.
On January 4, 2022, Schlage announced the Encode Plus Smart WiFi Deadbolt at CES 2022, enhancing home security and convenience. This smart lock supports Apple's latest home keys capability, allowing users to unlock it via iPhone and Apple Watch without requiring a password. Key features include remote lock management, customizable access codes, and compatibility with Alexa and Google Assistant. Retailing at $299.99, the deadbolt aims to simplify home access. Allegion, Schlage's parent company, reported $2.7 billion in revenue in 2020, positioning it as a global leader in access solutions.
Allegion plc (NYSE: ALLE) announced a quarterly dividend of $0.36 per ordinary share. This dividend will be paid on December 30, 2021, to shareholders on record by December 20, 2021. Allegion, a global leader in security products, reported $2.7 billion in revenue for 2020, showcasing its strong market presence through brands like Schlage and CISA. This dividend declaration reflects the company's commitment to returning value to shareholders while continuing to expand its operations in the security sector.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the Credit Suisse Global Industrials Conference on Wednesday, Dec. 1. The session, featuring Senior VP and CFO Patrick Shannon, can be accessed via Allegion’s investor website.
Allegion is a global leader in security solutions, generating $2.7 billion in revenue in 2020. The company operates renowned brands like Schlage® and Interflex® to secure assets in various sectors, including homes and businesses.
Allegion plc (NYSE: ALLE) has finalized the refinancing of its senior unsecured credit facility. The new five-year facility includes $250 million in term loans and $500 million in revolving loans, with initial borrowings effective as of November 18, 2021. This refinancing maintains investment grade terms akin to the prior facility. The new loans will mature and terminate on November 18, 2026. The company emphasizes that these changes will provide operational flexibility amidst ongoing global challenges, including the impacts of the COVID-19 pandemic and supply chain disruptions.
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