Welcome to our dedicated page for Allegion Public Company news (Ticker: ALLE), a resource for investors and traders seeking the latest updates and insights on Allegion Public Company stock.
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 declared a quarterly dividend of $0.36 per ordinary share, payable on June 30, 2021, to shareholders of record on June 16, 2021. This decision reflects the company's commitment to returning value to its shareholders. In 2020, Allegion reported $2.7 billion in revenue, affirming its position as a leading global security products provider.
On March 30, 2021, Allegion partnered with CBORD to enhance security solutions in higher education by introducing contactless mobile credentialing for Android devices. This expansion follows the successful launch for Apple in August 2019. Users can now access campus buildings and make purchases via Google Pay, improving safety and efficiency. The mobile credentials utilize two-factor authentication, providing students and faculty with secure, contact-free access. Allegion aims to further extend its mobile credential offerings across more universities throughout 2021.
Allegion plc (NYSE: ALLE) will announce its 2021 first-quarter financial results on April 22, 2021, before market opening. CEO David D. Petratis and CFO Patrick Shannon will host a conference call at 8 a.m. ET to discuss the results, accessible via the company's website or by telephone. Allegion, a global leader in security products, reported $2.7 billion in revenue for 2020, showcasing its commitment to security innovations for various sectors. The company’s brands include CISA, Schlage, and Von Duprin.
Allegion plc (NYSE: ALLE) announced that Senior Vice President and CFO Patrick Shannon will present the company’s long-term strategy at Bank of America’s 2021 Global Industrials Conference on March 16. Investors can listen to the live webcast on Allegion’s investor website or directly via the provided link. In 2020, Allegion achieved $2.7 billion in revenue, demonstrating its strong market presence. Allegion specializes in security solutions for homes, businesses, and institutions with recognized brands like Schlage and Von Duprin.
Allegion plc (NYSE: ALLE) has successfully completed the sale of its Qatar Metal Industries (QMI) business to HLD Group of Companies on February 28, 2021. The terms of the transaction remain undisclosed. This divestiture, part of Allegion's strategic focus, was initially announced during the company's fourth-quarter earnings call for 2020. Allegion is a leading provider of security solutions with a revenue of $2.7 billion in 2020, showcasing its commitment to securing homes, businesses, and institutions globally.
Allegion plc (NYSE: ALLE) reported Q4 2020 net revenues of $727.3 million and net earnings of $93.3 million, or $1.01 per share. Adjusted EPS rose 16.4% to $1.49, up from $1.28 in Q4 2019. Full-year 2020 revenues declined 4.7% to $2.72 billion, with adjusted EPS at $5.11. The Americas segment saw a 1% revenue decrease, while EMEA increased 10.5%. Despite a 17.9% drop in Q4 operating income to $117.7 million, adjusted operating income was up 8.3% to $163.5 million. For 2021, the company forecasts a revenue decline of 0.5% to 1.5% and EPS between $4.55 and $4.75.
Allegion plc (NYSE: ALLE) has appointed Luis Orbegoso as senior vice president of Allegion Americas, responsible for a business that generates approximately $2 billion in annual revenue with over 7,000 employees across North America. Orbegoso has extensive leadership experience in the security industry, previously serving in senior roles at American Residential Services and ADT. His track record includes driving growth, process standardization, and innovative product development, aligning with Allegion's vision of seamless access and a safer world.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the Barclays’ Industrial Select Conference 2021 on February 17. David D. Petratis, the company’s Chairman, President, and CEO, is set to discuss key strategic initiatives. Investors can listen to the live webcast on Allegion’s investor website or directly through a provided link. Allegion is known for its innovative security solutions and had a revenue of $2.9 billion in 2019, operating in nearly 130 countries.
On February 9, 2021, Schlage announced a refreshed brand identity that showcases its legacy of innovation in home security. The new tagline, "Trust Your Home to Schlage," emphasizes the brand's commitment to simplicity and consumer trust. Schlage was recognized as America's Most Trusted lock brand of 2021 by Lifestory Research. The company maintains its focus on quality while adapting to modern consumer needs, with a product range that includes advanced smart locks. Schlage aims to create experiences that enhance home security for consumers worldwide.
Allegion plc (NYSE: ALLE) announced a quarterly dividend of $0.36 per share, marking a 13% increase from 2020 and the seventh consecutive annual rise. This reflects Allegion's commitment to shareholder value and confidence in its cash flow generation. The dividend will be payable on March 31, 2021, to shareholders on record by March 17, 2021. Allegion, a leader in security products, reported $2.9 billion in revenue in 2019 and operates in nearly 130 countries, indicating its strong global presence.
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