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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) has received the prestigious 2021 Robert W. Campbell Award from the National Safety Council (NSC) for its commitment to safety and environmental management. The award was presented on October 11 during the NSC Safety Congress & Expo in Orlando, Florida. Allegion's initiatives, including the "Allegion Safety Initiative," have significantly lowered workplace injuries since its separation in 2013. The company emphasizes integrating safety into its business operations and aims to inspire other organizations to prioritize safety.
Allegion plc (NYSE: ALLE) received the prestigious 2021 Robert W. Campbell Award from the National Safety Council on October 11, 2021, during the NSC Safety Congress & Expo in Orlando, Florida. This award recognizes organizations that integrate environmental, health, and safety management into their business operations. Allegion's Safety Initiative, which has led to significant reductions in workplace injuries, exemplifies its commitment to safety. The award highlights Allegion's mission to positively impact workplace safety and community health.
Allegion plc (NYSE: ALLE) updated its 2021 outlook due to supply chain challenges affecting revenue realization and margin pressure. The company anticipates a revenue growth of 4% to 4.5% and EPS between
On Sept. 28, 2021, Allegion US announced that its Schlage AD-302 FIPS 201-2 electronic lock, in collaboration with Gallagher, received approval from the US Government. This is the first electronic lock included on the GSA Approved Product List, allowing easier access for government procurement. The lock integrates with Gallagher's Command Centre software and includes features for enhanced security, such as compliance with federal standards. The solution aims to provide a cost-effective option for government entities while ensuring a seamless upgrade path for future technologies.
Allegion plc (NYSE: ALLE) will release its third-quarter financial results for 2021 on October 21, 2021, before the market opens. Following this, a conference call will be held at 8 a.m. ET with CEO David D. Petratis and CFO Patrick Shannon to discuss the results. Analysts and investors can access a live webcast on Allegion's website or dial in using the provided conference ID. Allegion generated $2.7 billion in revenue in 2020, focusing on seamless access and security solutions across various sectors.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the Morgan Stanley Virtual Laguna Conference on September 14, 2021, with Chairman and CEO David D. Petratis leading the discussion. Interested parties can access a live webcast through Allegion’s investor website or the conference link. The company, known for its security brands like Schlage and LCN, generated $2.7 billion in revenue in 2020, focusing on security solutions for various sectors including homes, businesses, and institutions.
Allegion plc (NYSE: ALLE) has announced a quarterly dividend of $0.36 per ordinary share, payable on September 30, 2021, to shareholders recorded on September 16, 2021. This decision underscores Allegion's commitment to returning value to its investors. In 2020, the company reported revenues of $2.7 billion, showcasing its robust position in the global security products market. Allegion aims to secure people and assets through an extensive range of solutions, reaffirming its status as a leader in seamless access technology.
Livly, Inc. has announced a collaboration with Allegion U.S. to integrate the Allegion ENGAGE™ platform with Livly Key, enhancing access management for multifamily properties. This integration automates credential processes via the Livly Resident Mobile App, synchronizing lease data from various ERP software. The Livly Key aims to streamline operations for property managers while offering residents secure access using their smartphones or key fobs. This solution will be available for multifamily properties on the Allegion ENGAGE™ platform immediately.
Leviton and Schlage, a brand of Allegion, have partnered to enhance home security through integrated smart technology. Homeowners can now connect Leviton's Decora Smart® Wi-Fi® lighting controls with Schlage's Encode™ Smart WiFi Deadbolt. This integration allows for automated lighting adjustments based on lock activity, improving safety and convenience. Users can set preferences for leaving and arriving at home, controlling lights through the My Leviton app. This collaboration aims to provide homeowners with a seamless smart home experience.
Allegion announces the launch of the LCN 6400 COMPACT™ series low-energy automatic operator, aimed at enhancing touchless access and compliance with the Americans with Disabilities Act (ADA). This innovative product enables retrofitting of existing LCN 4040XP mechanical door closers into touchless solutions, promoting easier and cost-effective upgrades for facilities. Designed with a unique modular system, the operator simplifies installation and reduces costs, making it ideal for various institutional settings. The COMPACT operator supports safer reopening amidst health concerns.
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