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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 strategically acquired certain assets of Astrum Benelux B.V. and WorkforceIT B.V., enhancing its position in workforce management technology in the Benelux region. This acquisition is aimed at bolstering Interflex's existing capabilities and expanding its software-as-a-service offerings. The deal is expected to drive growth in Allegion's workforce management portfolio and support seamless access solutions, benefiting both current and future customers. The financial terms of the transaction were not disclosed.
Allegion reported Q2 2021 net revenues of $746.9 million and net earnings of $118.7 million ($1.31 per share), reflecting a 26.7% revenue increase year-over-year. Adjusted EPS rose 43.5% to $1.32. Allegion Americas saw a 23.7% revenue increase, driven by residential growth over 70%. Adjusted operating income increased 31.5% to $146.2 million with a margin of 19.6%. The company raised its full-year revenue outlook to 7-7.5% growth and adjusted EPS to $5.25-$5.40.
Allegion US is showcasing its innovative security products and solutions at ISC West 2021, emphasizing its commitment to seamless access for various sectors, including education and healthcare. The company's new offerings include Overtur, a cloud-based collaboration tool for door security specifications, and the Schlage RC Reader Controller, enhancing perimeter security. With a focus on interoperability and digital collaboration, Allegion aims to address evolving market demands while promoting safer environments. The company was recognized as SIA's 2021 Member of the Year, highlighting its industry leadership.
Allegion plc (NYSE: ALLE) has appointed Lauren Peters, former CFO of Foot Locker, to its board of directors. Peters, who has a robust finance background, spent nearly 25 years at Foot Locker, where she enhanced financial planning and risk management. She brings experience from La-Z-Boy and Carbon38, along with a history of leading major acquisitions. With this addition, Allegion's board comprises nine members, with eight being independent. Peters will serve on multiple committees, including Audit and Finance.
Allegion plc (NYSE: ALLE) will announce its 2021 second-quarter financial results on July 22, 2021, before market opening. Following the release, a conference call will be held at 8 a.m. ET, led by CEO David D. Petratis and CFO Patrick Shannon, to discuss the outcomes for analysts and investors. The call can be accessed through a live webcast on the company's investor relations site or by phone. Allegion, known for brands like Schlage and Von Duprin, reported $2.7 billion in revenue for 2020, specializing in security solutions for various sectors.
Allegion plc (NYSE: ALLE) Chairman, President and CEO David D. Petratis will present the company’s long-term strategy at the 2021 UBS Global Industrials & Transportation Virtual Conference on June 8. Interested parties can access a live listen-only webcast on Allegion’s investor website or directly through the provided link. With a focus on security solutions, Allegion generated $2.7 billion in revenue in 2020 and offers leading brands such as Schlage and Von Duprin, securing homes, businesses, and institutions worldwide.
Openpath, a leader in access control, announced a new cloud-to-cloud integration with Allegion's Schlage NDE and LE mobile-enabled wireless locks. This integration allows Openpath to provide unique Bluetooth credential support, enabling cost-effective security solutions across various spaces within organizations. The wireless locks can be managed remotely through Openpath's platform, enhancing security for interior areas previously lacking access control. Key functionalities include remote locking, unlocking, and a comprehensive reporting system, addressing the needs of modern workplaces.
Allegion US announced federal approval for its Schlage Multi-Technology (MT-485) Readers in conjunction with the LenelS2 OnGuard version 7.6 access control system. This integration allows for simplified access control solutions and is compliant with government procurement standards. The MT Readers enable advanced security technology and meet GSA's Approved Product List (APL) requirements. Designed for various applications, the readers support multiple technologies and ensure interoperability. Allegion aims to enhance security in government facilities through innovative access solutions.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the 2021 Goldman Sachs Industrials & Materials Conference on May 12, 2021. Senior Vice President and CFO Patrick Shannon will lead the discussion. Interested parties can access a live webcast via Allegion’s investor site or by clicking a provided link. Allegion, recognized for brands such as Schlage and CISA, generated $2.7 billion in revenue in 2020, focusing on security solutions for various sectors globally.
Allegion plc (NYSE: ALLE) reported first-quarter 2021 net revenues of $694.3 million, a 2.9% increase year-over-year. Net earnings stood at $108 million, translating to $1.18 per share, up from $1.04 in 2020. Adjusted net earnings were $109.6 million, or $1.20 per share, reflecting a 15.4% increase. The Allegion International segment saw a 20.2% revenue increase, while the Americas segment dropped 2.6%. The company raised its 2021 revenue outlook to an expected 3-4% increase, with EPS guidance now between $4.85-$5.05.
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