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.
On October 11, 2022, Allegion launched the In Session video series aimed at K-12 school administrators. This initiative provides expert advice on enhancing classroom security, ensuring student safety, and identifying funding opportunities. The series features five initial videos covering topics such as classroom safety, post-pandemic best practices, and student mental health. Allegion's director emphasized the importance of informed decision-making in today's changing environment.
Allegion plc (NYSE: ALLE) will announce its 2022 third-quarter financial results on October 27, 2022, before the market opens. Following the release, CEO John H. Stone and CFO Mike Wagnes will hold a conference call at 8 a.m. ET to discuss the results. Investors can access the live webcast through the company's website, and a replay will be available later that day. In 2021, Allegion generated $2.9 billion in revenue and is recognized for its security solutions across various sectors.
Allegion plc (NYSE: ALLE) has declared a quarterly dividend of $0.41 per share, payable on September 30, 2022, to shareholders of record as of September 16, 2022. The company reported $2.9 billion in revenue for 2021 and continues to focus on security solutions for homes and businesses worldwide. Forward-looking statements in the press release discuss potential impacts from the global COVID-19 pandemic, supply chain challenges, inflation, and geopolitical issues affecting the company's operations and financial performance.
Allegion plc (NYSE: ALLE) reported Q2 2022 net earnings per share (EPS) of $1.30, slightly down from $1.31 in 2021. Adjusted EPS rose 3.8% to $1.37. Revenues reached $773.1 million, a 3.5% increase year-over-year. Operating margin decreased to 19% from 19.5%, while adjusted operating margin improved to 20%. The company revised its 2022 revenue outlook to 13-14% growth, with EPS guidance of $5.05 to $5.15. The Access Technologies acquisition closed on July 5, 2022, which is expected to impact EPS negatively by $0.10 for the year due to operational costs.
Allegion plc (NYSE: ALLE) has completed the acquisition of Stanley Access Technologies LLC for $900 million in cash. This acquisition strengthens Allegion's position in the automatic entrance solutions market in North America, contributing approximately $340 million in net sales for Access Technologies in 2021. The deal enhances Allegion's seamless access strategy and expands its core business while integrating expertise from Access Technologies’ dedicated workforce. Further details will be shared during the second-quarter earnings call on July 28, 2022.
Allegion plc (NYSE: ALLE) will announce its 2022 second-quarter financial results on July 28, 2022, before market opening. Following this, CEO David D. Petratis and CFO Mike Wagnes will hold a conference call at 8 a.m. ET to discuss the results. The call will be accessible via live webcast on the company's website. Allegion reported $2.9 billion in revenue for 2021 and focuses on security solutions for various sectors, including homes and businesses.
Allegion plc (NYSE: ALLE) has priced an offering of $600 million senior notes due 2032, guaranteed by Allegion, expected to close on June 22, 2022. Proceeds will finance the acquisition of Stanley Access Technologies from Stanley Black & Decker (NYSE: SWK), with the transaction expected in Q3 2022, pending regulatory approval. Allegion aims to enhance shareholder value through this strategic acquisition, which aligns with its growth plans. The offering has been managed by Goldman Sachs, BofA Securities, and J.P. Morgan.
Allegion plc (NYSE: ALLE) has announced a proposed public offering of senior notes through its subsidiary, Allegion US Holding. The proceeds will primarily fund the acquisition of Stanley Access Technologies LLC from Stanley Black & Decker (NYSE: SWK), expected to finalize in Q3 2022. If the acquisition does not proceed, funds will be allocated for general corporate purposes, including debt repayment. The offering is subject to market conditions and follows an effective registration statement filed with the SEC.
Allegion plc (NYSE: ALLE) announced John H. Stone as the new President and CEO, succeeding David D. Petratis effective July 11, 2022. Petratis, who led the company since its spin-off in 2013, will retire as executive chairman on January 2, 2023. Under his leadership, Allegion doubled its market capitalization and adjusted earnings per share, and made over 20 acquisitions. Stone brings over 18 years of leadership experience from Deere & Company, focusing on innovation and M&A, positioning Allegion for growth in smart security solutions.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the 2022 Wells Fargo Industrials Conference on May 4. Senior VP and CFO Mike Wagnes will lead the discussion, which will be available via a live webcast on the company’s investor website. Allegion is recognized for providing security solutions focused on access around doors, with brands like Schlage® and Von Duprin®. The company reported $2.9 billion in revenue for 2021, showcasing its global presence in the security industry.
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