Welcome to our dedicated page for Allegion news (Ticker: ALLE), a resource for investors and traders seeking the latest updates and insights on Allegion stock.
Allegion plc designs and manufactures security and access solutions for residential, commercial and institutional settings. Its portfolio includes hardware, software and electronic products such as locks, door closers, exit devices, steel doors and frames, access control systems and workforce productivity systems.
Company news commonly covers quarterly results, revenue outlook, organic growth, acquisition and divestiture effects, dividends and share repurchase actions. Product updates focus on electronic access control, mobile credentials, data-center security applications, design and specification tools, and brand activity across CISA, Interflex, LCN, Schlage, SimonsVoss and Von Duprin.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the 2021 Baird Global Industrial Conference on Tuesday, Nov. 9. The discussion will be led by Chairman, President, and CEO David D. Petratis, alongside Senior VP and CFO Patrick Shannon. Interested stakeholders can access the live webcast on Allegion's investor website. Allegion is a leader in security solutions, boasting $2.7 billion in revenue for 2020 and offering products globally through renowned brands such as Schlage and LCN.
Allegion plc reported third-quarter 2021 net earnings of $143.5 million ($1.59 per share), a slight increase from $1.58 in 2020. Adjusted EPS fell 6.6% to $1.56, while revenues reached $717 million, a 1.6% decline year-over-year. The operating margin decreased to 19.3% from 22% in 2020, driven by rising costs and supply chain issues. The company reaffirmed its full-year 2021 outlook, expecting revenue growth of 4 to 4.5% and EPS between $4.95 and $5.05. Allegion emphasized robust demand for non-residential products amid ongoing supply chain challenges.
On October 18, 2021, Allegion announced a significant integration between its Overtur™ digital platform and Software for Hardware®. This collaboration enhances project specifications, allowing users to export hardware data seamlessly, thereby reducing manual entry errors and saving time. The integration will be showcased at the DHI conNextions event. Overtur connects all building phases for door security and facilitates collaboration among project teams, ultimately streamlining the construction process.
Allegion plc (NYSE: ALLE) has received the prestigious 2021 Robert W. Campbell Award from the National Safety Council (NSC) for its commitment to safety and environmental management. The award was presented on October 11 during the NSC Safety Congress & Expo in Orlando, Florida. Allegion's initiatives, including the "Allegion Safety Initiative," have significantly lowered workplace injuries since its separation in 2013. The company emphasizes integrating safety into its business operations and aims to inspire other organizations to prioritize safety.
Allegion plc (NYSE: ALLE) received the prestigious 2021 Robert W. Campbell Award from the National Safety Council on October 11, 2021, during the NSC Safety Congress & Expo in Orlando, Florida. This award recognizes organizations that integrate environmental, health, and safety management into their business operations. Allegion's Safety Initiative, which has led to significant reductions in workplace injuries, exemplifies its commitment to safety. The award highlights Allegion's mission to positively impact workplace safety and community health.
Allegion plc (NYSE: ALLE) updated its 2021 outlook due to supply chain challenges affecting revenue realization and margin pressure. The company anticipates a revenue growth of 4% to 4.5% and EPS between $4.95 and $5.05. Supply chain inefficiencies are projected to delay approximately $80 million to $100 million in revenue. However, Allegion expects these supply chain challenges to ease in 2022, with a favorable long-term growth outlook supported by strong demand in non-residential markets.
On Sept. 28, 2021, Allegion US announced that its Schlage AD-302 FIPS 201-2 electronic lock, in collaboration with Gallagher, received approval from the US Government. This is the first electronic lock included on the GSA Approved Product List, allowing easier access for government procurement. The lock integrates with Gallagher's Command Centre software and includes features for enhanced security, such as compliance with federal standards. The solution aims to provide a cost-effective option for government entities while ensuring a seamless upgrade path for future technologies.
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.