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 Plc (NYSE: ALLE) is a global leader in security solutions, renowned for brands like Schlage and Von Duprin. This page provides real-time access to official press releases, financial updates, and strategic developments shaping the access control industry.
Investors and professionals will find curated coverage of earnings announcements, product innovations in electronic locks and mobile credentials, and partnerships advancing seamless access technologies. Our repository ensures accurate tracking of ALLE's market position and technological leadership.
Discover updates on Allegion's NFC-enabled systems, workplace safety solutions, and global expansion efforts. All content is sourced for reliability, helping stakeholders monitor trends in physical security and digital access integration.
Bookmark this page for continuous access to Allegion's corporate communications and industry analyses. Check regularly for insights into how ALLE addresses evolving challenges in residential, commercial, and institutional security.
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.
Allegion reported first-quarter 2022 net revenues of $723.6 million, a 4.2% increase, and net earnings of $93 million, or $1.05 per share. Adjusted EPS of $1.07 reflects a 10.8% decline from 2021. The operating margin decreased to 16.2%, while adjusted operating margin dropped to 16.9%. The company raised its full-year 2022 revenue growth outlook to 7.5-9% and reaffirmed EPS guidance between $5.50 and $5.70. Allegion announced the upcoming acquisition of Stanley Access Technologies, enhancing its product portfolio in the Americas.
Allegion (NYSE: ALLE) has announced its agreement to acquire Stanley Access Technologies LLC from Stanley Black & Decker (NYSE: SWK) for $900 million, with an effective value of $810 million after tax benefits. This strategic purchase aims to enhance Allegion's access solutions portfolio, adding a leader in automatic entrance solutions and enabling expansion into high-growth markets. Access Technologies reported $340 million in 2021 net sales. The acquisition is expected to close in Q3 2022, aligning with Allegion's broader business growth strategy.
Stanley Black & Decker (NYSE: SWK) has agreed to sell its Access Technologies business to Allegion plc (NYSE: ALLE) for $900 million in cash. This division generated approximately $340 million in revenue in 2021. CEO James Loree emphasized that the sale is part of a strategy to enhance shareholder value and focus on core business segments, including Tools & Outdoor and Industrial. The proceeds will fund share repurchases and reduce debt. The transaction is subject to regulatory approval and is expected to affect Q1 results reported on April 28, 2022.
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