Allegion Plc Stock Price, News & Analysis

Allegion plc (NYSE: ALLE) Chairman, President and CEO David D. Petratis will present the company’s long-term strategy at the 2021 UBS Global Industrials & Transportation Virtual Conference on June 8. Interested parties can access a live listen-only webcast on Allegion’s investor website or directly through the provided link. With a focus on security solutions, Allegion generated $2.7 billion in revenue in 2020 and offers leading brands such as Schlage and Von Duprin, securing homes, businesses, and institutions worldwide.

Openpath, a leader in access control, announced a new cloud-to-cloud integration with Allegion's Schlage NDE and LE mobile-enabled wireless locks. This integration allows Openpath to provide unique Bluetooth credential support, enabling cost-effective security solutions across various spaces within organizations. The wireless locks can be managed remotely through Openpath's platform, enhancing security for interior areas previously lacking access control. Key functionalities include remote locking, unlocking, and a comprehensive reporting system, addressing the needs of modern workplaces.

Allegion US announced federal approval for its Schlage Multi-Technology (MT-485) Readers in conjunction with the LenelS2 OnGuard version 7.6 access control system. This integration allows for simplified access control solutions and is compliant with government procurement standards. The MT Readers enable advanced security technology and meet GSA's Approved Product List (APL) requirements. Designed for various applications, the readers support multiple technologies and ensure interoperability. Allegion aims to enhance security in government facilities through innovative access solutions.

Allegion plc (NYSE: ALLE) will present its long-term strategy at the 2021 Goldman Sachs Industrials & Materials Conference on May 12, 2021. Senior Vice President and CFO Patrick Shannon will lead the discussion. Interested parties can access a live webcast via Allegion’s investor site or by clicking a provided link. Allegion, recognized for brands such as Schlage and CISA, generated $2.7 billion in revenue in 2020, focusing on security solutions for various sectors globally.

Allegion plc (NYSE: ALLE) reported first-quarter 2021 net revenues of $694.3 million, a 2.9% increase year-over-year. Net earnings stood at $108 million, translating to $1.18 per share, up from $1.04 in 2020. Adjusted net earnings were $109.6 million, or $1.20 per share, reflecting a 15.4% increase. The Allegion International segment saw a 20.2% revenue increase, while the Americas segment dropped 2.6%. The company raised its 2021 revenue outlook to an expected 3-4% increase, with EPS guidance now between $4.85-$5.05.

Allegion plc (NYSE: ALLE) has declared a quarterly dividend of $0.36 per ordinary share, payable on June 30, 2021, to shareholders of record on June 16, 2021. This decision reflects the company's commitment to returning value to its shareholders. In 2020, Allegion reported $2.7 billion in revenue, affirming its position as a leading global security products provider.

On March 30, 2021, Allegion partnered with CBORD to enhance security solutions in higher education by introducing contactless mobile credentialing for Android devices. This expansion follows the successful launch for Apple in August 2019. Users can now access campus buildings and make purchases via Google Pay, improving safety and efficiency. The mobile credentials utilize two-factor authentication, providing students and faculty with secure, contact-free access. Allegion aims to further extend its mobile credential offerings across more universities throughout 2021.

Allegion plc (NYSE: ALLE) will announce its 2021 first-quarter financial results on April 22, 2021, before market opening. CEO David D. Petratis and CFO Patrick Shannon will host a conference call at 8 a.m. ET to discuss the results, accessible via the company's website or by telephone. Allegion, a global leader in security products, reported $2.7 billion in revenue for 2020, showcasing its commitment to security innovations for various sectors. The company’s brands include CISA, Schlage, and Von Duprin.

Allegion plc (NYSE: ALLE) announced that Senior Vice President and CFO Patrick Shannon will present the company’s long-term strategy at Bank of America’s 2021 Global Industrials Conference on March 16. Investors can listen to the live webcast on Allegion’s investor website or directly via the provided link. In 2020, Allegion achieved $2.7 billion in revenue, demonstrating its strong market presence. Allegion specializes in security solutions for homes, businesses, and institutions with recognized brands like Schlage and Von Duprin.