Allegion Plc Stock Price, News & Analysis

Allegion plc (NYSE: ALLE) announced a quarterly dividend of $0.41 per ordinary share, payable on Dec. 30, 2022, to shareholders of record on Dec. 16, 2022. The company has reported $2.9 billion in revenue for 2021, highlighting its position as a leader in security products and solutions. This announcement comes amidst ongoing challenges such as the global COVID-19 pandemic and supply chain constraints, which may impact future performance.

Allegion plc (NYSE: ALLE) has signed a definitive agreement to acquire the assets of plano, a Germany-based software-as-a-service (SaaS) workforce management solution provider. This acquisition is expected to close in Q1 2023, enhancing Allegion's Interflex brand with new SaaS capabilities and bolstering its recurring revenue strategy. The deal aims to strengthen Allegion's market presence in workforce management across sectors such as healthcare and retail. The specific financial terms of the transaction remain undisclosed.

Allegion plc (NYSE: ALLE) reported Q3 2022 net earnings of $114.6 million ($1.30 per share), down from $1.59 in Q3 2021. Adjusted EPS rose 5.1% to $1.64. Revenues reached $913.7 million, marking a 27.4% increase year-over-year. Operating margin decreased to 17.8% from 19.3% in 2021. The company affirmed 2022 revenue growth of 13-14% and improved organic growth guidance to 9.5-10.5%. It revised EPS outlook to $4.90-$5.00, impacted by acquisition costs. Cash flow decreased to $225.6 million due to increased working capital.

Allegion plc (NYSE: ALLE) will present its long-term strategy at the 2022 Baird Global Industrial Conference on Tuesday, November 8, 2022. The presentation will be led by President and CEO John H. Stone and CFO Mike Wagnes at The Ritz-Carlton Chicago. Investors can access a live webcast on Allegion's investor website. In 2021, Allegion reported revenues of $2.9 billion, focusing on seamless access solutions, including security products from renowned brands like Schlage and CISA.

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.