Welcome to our dedicated page for Allegion Plc news (Ticker: ALLE), a resource for investors and traders seeking the latest updates and insights on Allegion Plc 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) reported a strong first-quarter 2023, achieving net earnings per share (EPS) of $1.40, a notable increase from $1.05 in 2022. Adjusted EPS also rose by 39.8% to $1.58, compared to $1.13 last year. Revenues reached $923.0 million, reflecting a 27.6% increase year-over-year, with organic growth at 15.0%. The operating margin improved to 18.5%, while the adjusted operating margin increased by 290 basis points to 20.8%. Allegion raised its full-year 2023 revenue growth outlook to 11.5% to 13.5% and adjusted EPS guidance to $6.55 to $6.75. The Americas segment showed strong growth, up 42%, while international revenues declined 9.7% due to weak markets. Interest expenses rose significantly due to increased debt.
Allegion plc (NYSE: ALLE) will present its long-term strategy during the 2023 Goldman Sachs Industrials & Materials Conference on May 9 at The Conrad Hotel in New York City. Senior Vice President and CFO Mike Wagnes will lead the discussion. Investors can access a live webcast of the event through Allegion’s investor website, allowing for wider participation and engagement. Allegion is a global leader in security solutions, generating $3.3 billion in revenue in 2022. The company focuses on delivering security for homes, businesses, and institutions with a portfolio of renowned brands including Schlage, CISA, and Von Duprin.
FAQ
What is the current stock price of Allegion Plc (ALLE)?
What is the market cap of Allegion Plc (ALLE)?
What is Allegion Public Limited Company known for?
Where is Allegion headquartered?
What are some recent achievements of Allegion?
How much revenue did Allegion generate in 2023?
What percentage of Allegion’s sales are from the United States?
What sectors does Allegion serve?
What are some of Allegion's notable products?
How does Allegion enhance its product offerings?
What financial results did Allegion report for the first quarter of 2024?
Where can I find more information about Allegion?
