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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 announce its 2020 fourth-quarter and full-year financial results on February 16, 2021, before the market opens. The conference call will take place at 8 a.m. ET, featuring CEO David D. Petratis and CFO Patrick Shannon, who will discuss the results. A live webcast and replay will be available on the company's investor website. Allegion, a leader in security products, generated $2.9 billion in revenue in 2019 and operates in nearly 130 countries.
Allegion plc (NYSE: ALLE) has acquired Yonomi, a private technology company specializing in IoT Cloud platforms. Established in 2013, Yonomi's technology connects millions of devices across over 150 countries. Allegion aims to enhance its software development capabilities and expand its IoT solutions. Yonomi's CEO, Kent Dickson, will lead the newly formed business unit. Terms of the acquisition remain undisclosed, though Allegion has been an investor since 2017. This move supports Allegion's strategy for seamless access, innovative solutions, and partnerships in smart-home technologies.
Allegion plc (NYSE: ALLE) announced the appointment of Tim Eckersley as senior vice president of Allegion International, effective January 1, 2021. This new business unit will consolidate the current EMEA and Asia-Pacific operations, aimed at enhancing efficiency and growth in electronics and software. The company will maintain its reporting structure for 2020 but will transition to the new structure in 2021. Lucia Veiga Moretti will depart in March 2021 after facilitating Eckersley's transition. Allegion generated $2.9 billion in revenue in 2019 and operates in nearly 130 countries.
Allegion plc (NYSE: ALLE) has declared a quarterly dividend of $0.32 per ordinary share, payable on December 30, 2020, to shareholders of record as of December 16, 2020. With a revenue of $2.9 billion in 2019, Allegion is a global leader in security products and solutions, serving nearly 130 countries. The company focuses on seamless access and offers renowned brands such as Schlage®, CISA®, and Von Duprin®.
Allegion plc (NYSE: ALLE) has appointed Dev Vardhan, a senior partner at McKinsey & Company, to its board of directors. With over 25 years at McKinsey, Vardhan brings expertise in digital and business transformation, as well as in manufacturing, supply-chain design, and M&A. He will serve on the Compensation Committee and the Corporate Governance and Nominating Committee. Following this addition, Allegion's board now has eight members, with seven being independent. The company reported $2.9 billion in revenue in 2019 and operates in nearly 130 countries.
Allegion plc (NYSE: ALLE) will present its long-term strategy at Baird’s 2020 Global Industrial Conference on November 11. Chairman, President, and CEO David D. Petratis will lead the discussion, detailing the company's plans for future growth. Investors can access a live webcast of the event through Allegion's investor website. Allegion is a leader in seamless access solutions, generating $2.9 billion in revenue in 2019, with operations in nearly 130 countries.
Allegion plc (NYSE: ALLE) reported third-quarter 2020 net revenues of $728.4 million with net earnings of $146.9 million or $1.58 per share. Adjusted net earnings rose 13.6% to $154.6 million, or $1.67 per share, compared to Q3 2019. Revenues decreased 2.7% year-over-year, influenced by COVID-19. The Americas segment experienced 5.1% revenue decline, while EMEA grew 7.7%. The company raised its outlook for reported EPS to $3.40-$3.50 and for adjusted EPS to $4.75-$4.80, with cash flow expectations improved to $400-$420 million.
On October 20, 2020, Allegion partnered with the University of Tennessee, Knoxville, to implement mobile student IDs on Apple devices. This solution enhances operational efficiency by providing students with contactless access to campus facilities and enabling secure transactions. The initiative also includes remote credential management and two-factor authentication, ensuring security even if devices are lost. Approximately 18,500 devices have been provisioned, with nearly 4.6 million transactions completed, averaging 46,000 per day, showcasing the solution's success and adoption.
ISONAS, part of Allegion, announced a successful installation of its Pure IP access control solution at Premier Packaging's new distribution center in Louisville, Kentucky. This system addresses security challenges posed by high traffic, including non-employee truck drivers. ISONAS installed 18 reader-controllers and implemented its cloud-based Pure Access software, enhancing security by requiring ID badge access. Premier Packaging plans to extend this solution to other buildings, amplifying safety across their operations. Allegion reported $2.9 billion in revenue in 2019.
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