Allegion Plc Stock Price, News & Analysis

Allegion plc (NYSE: ALLE) reported Q4 2020 net revenues of $727.3 million and net earnings of $93.3 million, or $1.01 per share. Adjusted EPS rose 16.4% to $1.49, up from $1.28 in Q4 2019. Full-year 2020 revenues declined 4.7% to $2.72 billion, with adjusted EPS at $5.11. The Americas segment saw a 1% revenue decrease, while EMEA increased 10.5%. Despite a 17.9% drop in Q4 operating income to $117.7 million, adjusted operating income was up 8.3% to $163.5 million. For 2021, the company forecasts a revenue decline of 0.5% to 1.5% and EPS between $4.55 and $4.75.

Allegion plc (NYSE: ALLE) has appointed Luis Orbegoso as senior vice president of Allegion Americas, responsible for a business that generates approximately $2 billion in annual revenue with over 7,000 employees across North America. Orbegoso has extensive leadership experience in the security industry, previously serving in senior roles at American Residential Services and ADT. His track record includes driving growth, process standardization, and innovative product development, aligning with Allegion's vision of seamless access and a safer world.

Allegion plc (NYSE: ALLE) will present its long-term strategy at the Barclays’ Industrial Select Conference 2021 on February 17. David D. Petratis, the company’s Chairman, President, and CEO, is set to discuss key strategic initiatives. Investors can listen to the live webcast on Allegion’s investor website or directly through a provided link. Allegion is known for its innovative security solutions and had a revenue of $2.9 billion in 2019, operating in nearly 130 countries.

On February 9, 2021, Schlage announced a refreshed brand identity that showcases its legacy of innovation in home security. The new tagline, "Trust Your Home to Schlage," emphasizes the brand's commitment to simplicity and consumer trust. Schlage was recognized as America's Most Trusted lock brand of 2021 by Lifestory Research. The company maintains its focus on quality while adapting to modern consumer needs, with a product range that includes advanced smart locks. Schlage aims to create experiences that enhance home security for consumers worldwide.

Allegion plc (NYSE: ALLE) announced a quarterly dividend of $0.36 per share, marking a 13% increase from 2020 and the seventh consecutive annual rise. This reflects Allegion's commitment to shareholder value and confidence in its cash flow generation. The dividend will be payable on March 31, 2021, to shareholders on record by March 17, 2021. Allegion, a leader in security products, reported $2.9 billion in revenue in 2019 and operates in nearly 130 countries, indicating its strong global presence.

Allegion plc (NYSE: ALLE) will announce its 2020 fourth-quarter and full-year financial results on February 16, 2021, before the market opens. The conference call will take place at 8 a.m. ET, featuring CEO David D. Petratis and CFO Patrick Shannon, who will discuss the results. A live webcast and replay will be available on the company's investor website. Allegion, a leader in security products, generated $2.9 billion in revenue in 2019 and operates in nearly 130 countries.

Allegion plc (NYSE: ALLE) has acquired Yonomi, a private technology company specializing in IoT Cloud platforms. Established in 2013, Yonomi's technology connects millions of devices across over 150 countries. Allegion aims to enhance its software development capabilities and expand its IoT solutions. Yonomi's CEO, Kent Dickson, will lead the newly formed business unit. Terms of the acquisition remain undisclosed, though Allegion has been an investor since 2017. This move supports Allegion's strategy for seamless access, innovative solutions, and partnerships in smart-home technologies.

Allegion plc (NYSE: ALLE) announced the appointment of Tim Eckersley as senior vice president of Allegion International, effective January 1, 2021. This new business unit will consolidate the current EMEA and Asia-Pacific operations, aimed at enhancing efficiency and growth in electronics and software. The company will maintain its reporting structure for 2020 but will transition to the new structure in 2021. Lucia Veiga Moretti will depart in March 2021 after facilitating Eckersley's transition. Allegion generated $2.9 billion in revenue in 2019 and operates in nearly 130 countries.