Allegion Plc Stock Price, News & Analysis

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.

Allegion plc (NYSE: ALLE) has appointed Ellen Rubin, founder and CEO of Causely, Inc., to its board of directors. Rubin brings extensive experience from the IT industry, having served in leadership roles at notable companies including Amazon Web Services and ClearSky Data. Allegion's Chair, Kirk Hachigian, emphasized Rubin's entrepreneurial success and her ability to identify market opportunities as assets for the company’s growth. With her addition, Allegion's board now consists of nine members with 56% diversity. Rubin will participate in key committees, including Audit and Finance, Compensation and Human Capital, and Corporate Governance. Allegion reported revenue of $3.3 billion in 2022, focusing on security solutions worldwide.

Allegion plc (NYSE: ALLE) announced the declaration of a quarterly dividend of $0.45 per ordinary share, aimed at rewarding its shareholders. The dividend is scheduled to be paid on June 30, 2023, to shareholders recorded by June 15, 2023. Allegion, known for its security products and solutions, reported a revenue of $3.3 billion in 2022 and continues to provide innovative solutions globally through its renowned brands such as Schlage® and CISA®. The company's focus remains on enhancing security for homes, businesses, and institutions.

Allegion plc (NYSE: ALLE) will release its 2023 first-quarter financial results on April 26, before the market opens. CEO John H. Stone and CFO Mike Wagnes will host a conference call at 8 a.m. ET to review the results. Investors can access a live webcast via the company's website and dial in at 877-883-0383 (US) or 412-902-6506 (international) with Conference ID 0483682. Allegion reported $3.3 billion in revenue for 2022 and is recognized for its security solutions worldwide.

Allegion plc (NYSE: ALLE) will host its “2023 Investor & Analyst Day” in Carmel, Indiana, on May 2. The event, led by President and CEO John H. Stone and Allegion's executive team, aims to outline the company’s long-term strategy. Presentations will occur from 12:30 p.m. to 2:30 p.m. ET and will be accessible via a listen-only webcast on Allegion's website. For those unable to attend live, a replay will be available by May 4. Allegion is a global leader in security products, having achieved $3.3 billion in revenue in 2022.

Allegion plc (NYSE: ALLE) will present its long-term strategy at the 2023 Bank of America Global Industrials Conference on Tuesday, March 21, in London. President and CEO John H. Stone, along with CFO Mike Wagnes, will lead the discussion. Investors can access a live webcast on Allegion's investor website or through a designated link. Allegion, a leader in security solutions with a revenue of $3.3 billion in 2022, offers prominent brands such as Schlage® and CISA®. The company focuses on securing people and assets across various sectors, including homes and businesses.

Allegion plc reported a strong fourth-quarter 2022 with net revenues of $861.5 million, up 21.5% year-over-year, and a net income of $135.3 million, resulting in an EPS of $1.53. Adjusted EPS was $1.60, reflecting a 44.1% increase. Full-year 2022 EPS decreased to $5.19 from $5.34, but adjusted EPS rose 9.6% to $5.69. Revenue for the year was $3.27 billion, up 14.1%, with strong contributions from its Access Technologies acquisition. Looking ahead, Allegion expects revenue growth of 9-10.5% for 2023, with adjusted EPS guidance of $6.30-$6.50.

Allegion plc has expanded its investment portfolio through Allegion Ventures, co-leading a Series A funding round for Stuf, a tech-enabled self-storage startup. Founded in 2020, Stuf partners with property owners to monetize underutilized spaces, enhancing cash flow and consumer access to storage options. The investment will support Stuf's market expansion and technology enhancement. Allegion Ventures Managing Director Bobby Prostko highlighted Stuf's innovative approach in modernizing self-storage. CEO Katharine Lau expressed enthusiasm for the partnership, emphasizing the demand for innovation in the evolving real estate landscape.