Allegion

Allegion Plc provides security products and solutions that keep people safe, secure and productive. It operates through the following three geographic segments: Americas, the Middle East, India, and Africa (EMEIA), and Asia Pacific. The Americas segment sells a range of products and solutions such as locks, locksets, portable locks, key systems, door closers, exit devices, doors and door systems, electronic products, and access control and time and attendance systems. The EMEIA segment offers the same portfolio of products as the Americas segment as well as time and attendance and workforce productivity solutions. The Asia Pacific segment also provides the same product portfolio in addition to video analytics solutions. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.

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Allegion reports robust Q4 earnings, eyes growth in electronic solutions

Allegion's strong financial performance in Q4 2022, coupled with a positive outlook for 2023, highlights growth potential in electronic solutions and non-residential markets.
Despite challenges in the residential segment and supply chain disruptions, the company's strategic focus on innovation and operational efficiency positions it for continued success.
Investments in technology, supply chain resiliency, and product development underscore Allegion's commitment to driving growth and enhancing market competitiveness.

Allegion reports stellar Q1 results, eyes margin expansion and growth

Allegion's Q1 2023 performance reflects robust revenue and EPS growth, driven by strong demand in key segments and margin expansion, with a positive outlook for continued growth and margin improvement.
While facing challenges in the International segment and operational inefficiencies in electronic products, Allegion remains focused on capitalizing on opportunities in margin expansion, demand growth, and strategic acquisitions.
Analyst inquiries and the CEO's commitment to enhancing margins and cash flow underscore Allegion's proactive approach to addressing market dynamics and driving sustainable financial performance.

Allegion reports robust Q2 earnings, eyes electronics growth opportunities

Allegion's Q2 performance reflects strong operational execution, margin expansion, and strategic acquisitions driving growth.
While facing challenges in certain segments and regions, the company remains confident in its outlook for sustained performance and profitability.
Opportunities in electronics and service businesses, coupled with a focus on margin expansion, position Allegion for continued success and market leadership.

Allegion achieves record revenue and growth amidst market challenges

Allegion's Q3 performance reflects strong revenue, income, and EPS growth, driven by global electronics and software solutions demand.
While facing challenges in certain segments and markets, Allegion's strategic focus on safety, access, and pricing resilience underpins its growth trajectory.
Opportunities lie in sustained electronics adoption, end-user demand in key sectors, and competitive positioning improvements.
With a record year anticipated for 2023, Allegion remains committed to driving organic growth and margin expansion.

Allegion reports record Q4 results, eyes margin expansion in 2024

Allegion's Q4 2023 performance showcased record results, with strong revenue, operating income, and EPS driven by robust electronics demand and expanding margins.
The company's international segment excelled, while challenges in North American residential and non-residential markets require strategic focus.
Opportunities lie in margin expansion through pricing strategies, efficiency improvements, and balanced capital deployment for future growth.

Allegion reports solid Q1 performance, highlights business strengths and challenges

Allegion's Q1 2024 performance showed revenue resilience, margin improvement, and strategic acquisitions. While facing challenges in international markets, the company's strengths in capital allocation and business model were highlighted. Opportunities lie in smart lock integrations and addressing market dynamics.

Allegion reports robust Q2 earnings, eyes international growth opportunities

Allegion's Q2 performance reflects steady growth, operational excellence, and strategic investments positioning the company for sustained success.
With a focus on margin expansion, supply chain resilience, and market demand, Allegion is poised to capitalize on growth opportunities and navigate challenges effectively.
The company's strong financial results, international growth, and enhanced operational efficiency underscore its ability to deliver value to shareholders and adapt to evolving market conditions.

Allegion reports strong Q3 earnings, eyes growth through strategic acquisitions

Allegion's Q3 performance reflects solid revenue growth, margin expansion, and enhanced profitability, driven by effective execution and market stability.
While facing challenges in international markets and potential macroeconomic headwinds, Allegion remains well-positioned for sustained growth and value creation.
With a focus on strategic acquisitions, capital deployment, and shareholder returns, Allegion is poised to capitalize on growth opportunities and drive long-term success.

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Allegion Plc engages in the provision of security products and solutions that keep people safe, secure, and productive. It operates through the Allegion Americas and Allegion International segments. The Allegion Americas segment offers security products, services, and solutions throughout North America. The Allegion International segment refers to security products, services, and solutions primarily throughout Europe, Asia and Oceania. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.

Allegion (ALLE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Allegion (ALLE) Keep the Earnings Surprise Streak Alive?

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The acquisition of Access Technologies will enable Allegion (ALLE) to enhance the latter's access, egress and access control solutions offerings.

Allegion (ALLE) Buys Stanley Black's Access Technologies Unit

Stanley Black & Decker

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has, through its subsidiaries, completed the previously announced acquisition of Stanley Access Technologies LLC (“Access Technologies”) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. (NYSE: SWK) for $900 million in cash. Access Technologies is a leading manufacturer, installer and service provider of automatic doors in North Ameri

Allegion Completes Acquisition of Stanley Black & Decker's Access Technologies Business

NEW BRITAIN, Conn., July 5, 2022 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced it has completed the previously announced sale of its automatic doors business, Access Technologies, to Allegion plc (NYSE: ALLE) for $900 million in cash.

Stanley Black & Decker Completes Sale of Access Technologies Business to Allegion

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, will release its 2022 second-quarter financial results on Thursday, July 28, 2022, before the market opens. Later that morning, David D. Petratis, chairman, president and CEO*, and Mike Wagnes, senior vice president and chief financial officer, will conduct a conference call for analysts and investors, beginning at 8 a.m. ET, to review the company's results. A real-time, listen-only we

Allegion Schedules Conference Call, Webcast to Announce 2022 Second-Quarter Results

Allegion (ALLE) is witnessing weakness across its residential business, owing to supply chain challenges, electronic chip shortages, rising costs and a high debt level.

Allegion (ALLE) Down 30.3% in a Year: What's Hurting it?

Allegion's (ALLE) Q1 earnings results reflect the impacts of supply-chain restrictions, high costs and expenses, shortages of components and effective pricing. Management lifts revenue view for 2022.

Allegion (ALLE) Q1 Earnings Top Estimates, 2022 View Solid

Allegion (ALLE) experiences weakness across its residential business and bears a heavy tax load coupled with a high debt level.

Reasons Why You Should Avoid Investing in Allegion (ALLE) Now

Allegion (ALLE) prices senior notes worth $600 million in aggregate principal amount. The net proceeds will be used to finance the buyout of Stanley Access Technologies.

Allegion (ALLE) Prices Senior Notes Offering Worth $600M

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE) (“Allegion” or the “company”), a leading global provider of security products and solutions, today announced that it priced its previously announced offering by its subsidiary, Allegion US Holding Company Inc. (“Allegion US Holding”), of $600 million aggregate principal amount of 5.411% senior notes due 2032 (the “notes”). The offering is expected to close on June 22, 2022, subject to the satisfaction of customary closing conditions. The notes

Allegion Announces Pricing of $600 Million of Senior Notes

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE) (“Allegion” or the “company”), a leading global provider of security products and solutions, has proposed a registered public offering of senior notes by its subsidiary, Allegion US Holding Company Inc. (“Allegion US Holding”), subject to market and other conditions. The senior notes are expected to be issued by Allegion US Holding and will be guaranteed upon their issuance by Allegion. Allegion intends to use all of the net proceeds from the s

Allegion Proposes Public Offering of Senior Notes

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today announced that John H. Stone will succeed David D. Petratis as president and CEO, effective July 11, 2022. Stone will also become a member of the company's Board of Directors at that time, and Petratis will serve as executive chairman until his retirement, which is expected by Jan. 2, 2023. Petratis has led Allegion since its spin-off from the former Ingersoll Rand in 2013, ca

Allegion Announces CEO Succession

Allegion (ALLE) reported earnings 30 days ago. What's next for the stock?

Allegion (ALLE) Down 6.8% Since Last Earnings Report: Can It Rebound?

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE) Senior Vice President and Chief Financial Officer Mike Wagnes will discuss the company's long-term strategy at the 2022 Wells Fargo Industrials Conference on Wednesday, May 4. A live listen-only webcast will be accessible via Allegion's investor website at investor.allegion.com or directly by clicking here. About Allegion Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, Si

Allegion to Attend 2022 Wells Fargo Industrials Conference

Allegion plc (NYSE:ALLE ) Q1 2022 Results Earnings Conference Call April 26, 2022 8:00 AM ET Company Participants Tom Martineau - Vice President, Investor Relations and Treasurer Dave Petratis - Chairman, President and Chief Executive Officer Mike Wagnes - Senior Vice President and Chief Financial Officer Conference Call Participants Timothy Wojs - Robert W. Baird & Company John Walsh - Credit Suisse Securities (USA) LLC Matthew Shaffer - Barclays Equity Research Joseph Nolan - Longbow Research Brian Rutenberg - Imperial Capital, LLC (Research) Operator Good morning, and welcome to the Allegion First Quarter 2022 Earnings Call.

Allegion plc (ALLE) CEO Dave Petratis On Q1 2022 Results - Earnings Call Transcript

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today reported first-quarter 2022 net revenues of $723.6 million and net earnings of $93 million, or $1.05 per share. Excluding charges related to restructuring, acquisition and integration expenses, as well as a non-operating investment gain, adjusted net earnings were $95.2 million, or $1.07 per share, down 10.8 percent when compared with first-quarter 2021 adjusted EPS of $1.20.

Allegion Reports First-Quarter 2022 Financial Results, Raises Full-Year 2022 Revenue Outlook, Reaffirms Full-Year 2022 EPS Outlook

Allegion has seen some valuation multiple compression but still trades at a small premium to the market. This valuation seems defendable by its positioning and long-term performance, as recent topline growth trends are not too comforting.

Allegion: Looking More Secure

Allegion Plc ALLE, -0.44% said Friday it agreed to buy Access Technologies LLC from Stanley Black & Decker Inc. SWK, -0.02% for $810 million. The price values the manufacturer, installer and service provider of automatic doors in North America at about 2.4 times its $340 million annual revenue.

Allegion pays about 2.4x annual revenue for Stanley Black & Decker unit Access Technologies

Transaction Advances Stanley Black & Decker's Portfolio Transformation and Sharpens Strategic Focus on its Core Businesses NEW BRITAIN, Conn. , April 22, 2022 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced it has signed a definitive agreement for the sale of its automatic doors business, Access Technologies, to Allegion plc (NYSE: ALLE) for $900 million in cash.

Stanley Black & Decker to Sell Access Technologies Business for $900 Million in Cash to Allegion

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has signed a definitive agreement to acquire Stanley Access Technologies LLC (“Access Technologies”) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. (NYSE: SWK) for $900 million in cash. When adjusted for approximately $90 million in tax benefits, the purchase price is $810 million on a cash-free, debt-free basis. Reducing the amoun

Allegion to Acquire Stanley Black & Decker's Access Technologies Business

Allegion plc (NYSE: ALLE) is a security company that provides a range of products and solutions for homes, businesses, schools, and institutions.

Why This Security Stock May Not Be a Safe Bet Before Earnings

Allegion (ALLE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Allegion (ALLE) to Report a Decline in Earnings: What to Look Out for

DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, is creating additional transparency for company stakeholders with the release of two allegion.com features – the new “Environmental, Social and Governance (ESG) Goals & Key Performance Indicators” webpage and the 2021 digital “Annual Report & More.” ESG Goals & Key Performance Indicators Webpage Available within the company's dedicated ESG web section at www.allegion.com/ES

Allegion Releases New ESG Metrics, Launches 2021 Digital ‘Annual Report & More'

LOS ANGELES , April 11, 2022 /PRNewswire/ -- DACK, a mobile-first SaaS platform that enables short-term rental operators to provide their guests with a seamless digital stay experience has recently partnered with connected home integration platform Yonomi, an Allegion brand. The partnership is a welcome addition to DACK's powerful guest experience platform which includes keycode / digital key management, customizable property guides and upsells, contactless check-in and checkout, dynamic local recommendations, one-touch WiFi, and more.

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