Allegion Plc Stock Price, News & Analysis

Allegion plc (NYSE: ALLE) will release its third-quarter financial results for 2021 on October 21, 2021, before the market opens. Following this, a conference call will be held at 8 a.m. ET with CEO David D. Petratis and CFO Patrick Shannon to discuss the results. Analysts and investors can access a live webcast on Allegion's website or dial in using the provided conference ID. Allegion generated $2.7 billion in revenue in 2020, focusing on seamless access and security solutions across various sectors.

Allegion plc (NYSE: ALLE) will present its long-term strategy at the Morgan Stanley Virtual Laguna Conference on September 14, 2021, with Chairman and CEO David D. Petratis leading the discussion. Interested parties can access a live webcast through Allegion’s investor website or the conference link. The company, known for its security brands like Schlage and LCN, generated $2.7 billion in revenue in 2020, focusing on security solutions for various sectors including homes, businesses, and institutions.

Allegion plc (NYSE: ALLE) has announced a quarterly dividend of $0.36 per ordinary share, payable on September 30, 2021, to shareholders recorded on September 16, 2021. This decision underscores Allegion's commitment to returning value to its investors. In 2020, the company reported revenues of $2.7 billion, showcasing its robust position in the global security products market. Allegion aims to secure people and assets through an extensive range of solutions, reaffirming its status as a leader in seamless access technology.

Livly, Inc. has announced a collaboration with Allegion U.S. to integrate the Allegion ENGAGE™ platform with Livly Key, enhancing access management for multifamily properties. This integration automates credential processes via the Livly Resident Mobile App, synchronizing lease data from various ERP software. The Livly Key aims to streamline operations for property managers while offering residents secure access using their smartphones or key fobs. This solution will be available for multifamily properties on the Allegion ENGAGE™ platform immediately.

Leviton and Schlage, a brand of Allegion, have partnered to enhance home security through integrated smart technology. Homeowners can now connect Leviton's Decora Smart® Wi-Fi® lighting controls with Schlage's Encode™ Smart WiFi Deadbolt. This integration allows for automated lighting adjustments based on lock activity, improving safety and convenience. Users can set preferences for leaving and arriving at home, controlling lights through the My Leviton app. This collaboration aims to provide homeowners with a seamless smart home experience.

Allegion announces the launch of the LCN 6400 COMPACT™ series low-energy automatic operator, aimed at enhancing touchless access and compliance with the Americans with Disabilities Act (ADA). This innovative product enables retrofitting of existing LCN 4040XP mechanical door closers into touchless solutions, promoting easier and cost-effective upgrades for facilities. Designed with a unique modular system, the operator simplifies installation and reduces costs, making it ideal for various institutional settings. The COMPACT operator supports safer reopening amidst health concerns.

Allegion plc (NYSE: ALLE) has strategically acquired certain assets of Astrum Benelux B.V. and WorkforceIT B.V., enhancing its position in workforce management technology in the Benelux region. This acquisition is aimed at bolstering Interflex's existing capabilities and expanding its software-as-a-service offerings. The deal is expected to drive growth in Allegion's workforce management portfolio and support seamless access solutions, benefiting both current and future customers. The financial terms of the transaction were not disclosed.

Allegion reported Q2 2021 net revenues of $746.9 million and net earnings of $118.7 million ($1.31 per share), reflecting a 26.7% revenue increase year-over-year. Adjusted EPS rose 43.5% to $1.32. Allegion Americas saw a 23.7% revenue increase, driven by residential growth over 70%. Adjusted operating income increased 31.5% to $146.2 million with a margin of 19.6%. The company raised its full-year revenue outlook to 7-7.5% growth and adjusted EPS to $5.25-$5.40.

Allegion US is showcasing its innovative security products and solutions at ISC West 2021, emphasizing its commitment to seamless access for various sectors, including education and healthcare. The company's new offerings include Overtur, a cloud-based collaboration tool for door security specifications, and the Schlage RC Reader Controller, enhancing perimeter security. With a focus on interoperability and digital collaboration, Allegion aims to address evolving market demands while promoting safer environments. The company was recognized as SIA's 2021 Member of the Year, highlighting its industry leadership.