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 Public Limited Company (NYSE: ALLE) regularly issues news and updates that reflect its role in security and access solutions. This news page aggregates Allegion’s press releases and market announcements so readers can review developments related to its products, technology, financial performance and corporate actions.
In its own communications, Allegion describes itself as a global security products and solutions provider with a portfolio that includes residential and commercial locks, door closer and exit devices, steel doors and frames, access control and workforce productivity systems. News items often highlight product launches and enhancements, such as upgrades to the LCN Senior Swing automatic door operators with AdaptivIQ™ self-adjusting technology and Smart Power Boost, or the introduction of Schlage Performance Series™ commercial locks for everyday commercial and multifamily applications.
Allegion’s updates also cover electronic and smart access control. Recent announcements describe wallet-based access solutions delivered through Allegion brands Zentra and Gatewise, enabling residents to use Apple and Google Wallet digital keys for tap-and-go entry at multifamily properties. Other news includes integrations like the Connected Openings solution with Brivo, which connects Schlage XE360 wireless locks to a cloud-based security suite over Wi‑Fi, and software-focused releases such as the Overtur™ OnSite App for door and opening inspections.
Investors and followers of ALLE can also find financial and corporate news here, including quarterly earnings results, conference participation, dividend declarations and credit agreement amendments disclosed via press releases and SEC-related announcements. This page provides a centralized view of Allegion’s ongoing activities, from hardware and software product developments to capital allocation and segment performance, making it a useful reference for tracking how the company communicates its strategy and operations over time.
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.
Allegion plc (NYSE: ALLE) has appointed Lauren Peters, former CFO of Foot Locker, to its board of directors. Peters, who has a robust finance background, spent nearly 25 years at Foot Locker, where she enhanced financial planning and risk management. She brings experience from La-Z-Boy and Carbon38, along with a history of leading major acquisitions. With this addition, Allegion's board comprises nine members, with eight being independent. Peters will serve on multiple committees, including Audit and Finance.
Allegion plc (NYSE: ALLE) will announce its 2021 second-quarter financial results on July 22, 2021, before market opening. Following the release, a conference call will be held at 8 a.m. ET, led by CEO David D. Petratis and CFO Patrick Shannon, to discuss the outcomes for analysts and investors. The call can be accessed through a live webcast on the company's investor relations site or by phone. Allegion, known for brands like Schlage and Von Duprin, reported $2.7 billion in revenue for 2020, specializing in security solutions for various sectors.
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.