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Allegion Public Limited Company - ALLE STOCK NEWS

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.

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Allegion (NYSE: ALLE) will participate in the 2024 KeyBanc Capital Markets Industrials & Basic Materials Conference. Senior Vice President and CFO Mike Wagnes will discuss the company's long-term strategy at the event. The conference is scheduled for Wednesday, May 29, at the InterContinental Hotel in Boston.

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Allegion, a global security products and solutions provider, announced the pricing of $400 million of 5.600% senior unsecured notes due 2034 by its subsidiary, Allegion US Holding Company. The offering is expected to close on May 29, 2024, subject to customary closing conditions. The net proceeds will be used to repay $400 million of 3.200% senior notes maturing on October 1, 2024. BofA Securities, Citigroup Global Markets, and Wells Fargo Securities are among the joint book-running managers for the offering. The notes will be guaranteed by Allegion upon issuance.

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Allegion (NYSE: ALLE) has extended and increased its senior unsecured revolving credit facility to $750 million from the previous $500 million. This new five-year facility, which remains unsecured and maintains investment-grade terms, enhances Allegion's liquidity. It allows for revolving loans, letters of credit, and swingline loans in USD, Euro, and GBP. The term loan facility, with $221.9 million outstanding as of March 31, 2024, remains unchanged and will mature on November 18, 2026. The commitment under the new facility will terminate on May 20, 2029, according to Mike Wagnes, Allegion's CFO.

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Allegion (NYSE: ALLE) announced the expansion of its Schlage Indication Solutions portfolio, adding three new lines of indication trims designed for K-12 and higher education, as well as healthcare and privacy applications. The new trims feature 180-degree visibility, tamper-resistance, and large viewing windows for enhanced security and peace of mind. Built to withstand high-abuse environments, they achieve a Grade 1 BHMA rating, offering top-tier durability and reliability. These solutions also cater to dual indication needs, making them suitable for various settings like hospitals and retail. The new trims are available in multiple finishes and lever designs and are now ready for purchase.

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STANLEY Access Technologies, part of the Allegion family, introduces enhanced Dura-Storm door products designed for increased structural resilience in commercial and public buildings. These doors exceed safety standards for coastal regions, providing protection against windborne debris and hurricane-force wind loads. Key features include code-driven compliance, expanded versatility with additional sizes and configurations, and enhanced energy efficiency with laminated-insulated glass.

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Allegion (NYSE: ALLE) reported Q1-2024 financial results, showing a net EPS increase of 0.7% to $1.41, adjusted EPS decrease of 1.9% to $1.55, and revenues of $893.9 million down 3.2%. Operating margin increased to 19.3%, with adjusted margin at 21.2%. The company affirms full-year revenue, EPS, and cash flow outlook.
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Allegion plc (ALLE) declares quarterly dividend of $0.48 per share, payable on June 28, 2024, to shareholders of record on June 14, 2024.
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Allegion, a leading security solutions provider, showcases innovative products at ISC West 2024. The company focuses on interoperable access control technologies and software, emphasizing seamless and secure access. Allegion's commitment to collaboration and customer-centric solutions is evident through its partnerships and product offerings, including wireless locks, student ID solutions, employee badges, cloud-based security tools, and indication trims. The company's presence at ISC West highlights its dedication to innovation and customer satisfaction.
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Allegion plc (ALLE) receives the 2024 Gallup Exceptional Workplace Award for its highly engaged workplace culture, with 70% of employees engaged compared to the global average of 23%. The award highlights Allegion's commitment to employee engagement, productivity, and innovative solutions.
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Allegion plc will announce its 2024 first-quarter financial results on April 25. President and CEO John H. Stone, along with CFO Mike Wagnes, will host a conference call for analysts and investors. A webcast and replay will be available on the company's website.
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FAQ

What is the current stock price of Allegion Public Company (ALLE)?

The current stock price of Allegion Public Company (ALLE) is $130.68 as of January 1, 2025.

What is the market cap of Allegion Public Company (ALLE)?

The market cap of Allegion Public Company (ALLE) is approximately 11.4B.

What is Allegion Public Limited Company known for?

Allegion is known for its innovative safety and security solutions, including products from leading brands like Schlage, Von Duprin, and LCN.

Where is Allegion headquartered?

Allegion is headquartered in Dublin, Ireland.

What are some recent achievements of Allegion?

Recent achievements include showcasing new access control technologies at ISC West 2024 and acquiring Boss Door Controls, Dorcas, and Unicel Architectural.

How much revenue did Allegion generate in 2023?

Allegion generated $3.7 billion in revenue in 2023.

What percentage of Allegion’s sales are from the United States?

In fiscal 2023, 75% of Allegion's sales were generated in the United States.

What sectors does Allegion serve?

Allegion serves sectors including homes, businesses, schools, and institutions, focusing on security around doors and adjacent areas.

What are some of Allegion's notable products?

Notable products include Schlage NDE and LE mobile-enabled wireless locks and the Schlage XE360 Series of electronic locks.

How does Allegion enhance its product offerings?

Allegion enhances its offerings through strategic collaborations and partnerships, including the Allegion Alliance Network and the Connectivity Standards Alliance.

What financial results did Allegion report for the first quarter of 2024?

Allegion reported first-quarter 2024 net revenues of $893.9 million and net earnings of $123.8 million.

Where can I find more information about Allegion?

More information about Allegion can be found on their website at www.allegion.com.
Allegion Public Limited Company

NYSE:ALLE

ALLE Rankings

ALLE Stock Data

11.36B
86.73M
0.2%
98.24%
1.68%
Security & Protection Services
Services-detective, Guard & Armored Car Services
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United States of America
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