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) 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.
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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.
Allegion plc (NYSE: ALLE) has declared a quarterly dividend of $0.32 per ordinary share, payable on December 30, 2020, to shareholders of record as of December 16, 2020. With a revenue of $2.9 billion in 2019, Allegion is a global leader in security products and solutions, serving nearly 130 countries. The company focuses on seamless access and offers renowned brands such as Schlage®, CISA®, and Von Duprin®.
Allegion plc (NYSE: ALLE) has appointed Dev Vardhan, a senior partner at McKinsey & Company, to its board of directors. With over 25 years at McKinsey, Vardhan brings expertise in digital and business transformation, as well as in manufacturing, supply-chain design, and M&A. He will serve on the Compensation Committee and the Corporate Governance and Nominating Committee. Following this addition, Allegion's board now has eight members, with seven being independent. The company reported $2.9 billion in revenue in 2019 and operates in nearly 130 countries.
Allegion plc (NYSE: ALLE) will present its long-term strategy at Baird’s 2020 Global Industrial Conference on November 11. Chairman, President, and CEO David D. Petratis will lead the discussion, detailing the company's plans for future growth. Investors can access a live webcast of the event through Allegion's investor website. Allegion is a leader in seamless access solutions, generating $2.9 billion in revenue in 2019, with operations in nearly 130 countries.
Allegion plc (NYSE: ALLE) reported third-quarter 2020 net revenues of $728.4 million with net earnings of $146.9 million or $1.58 per share. Adjusted net earnings rose 13.6% to $154.6 million, or $1.67 per share, compared to Q3 2019. Revenues decreased 2.7% year-over-year, influenced by COVID-19. The Americas segment experienced 5.1% revenue decline, while EMEA grew 7.7%. The company raised its outlook for reported EPS to $3.40-$3.50 and for adjusted EPS to $4.75-$4.80, with cash flow expectations improved to $400-$420 million.
On October 20, 2020, Allegion partnered with the University of Tennessee, Knoxville, to implement mobile student IDs on Apple devices. This solution enhances operational efficiency by providing students with contactless access to campus facilities and enabling secure transactions. The initiative also includes remote credential management and two-factor authentication, ensuring security even if devices are lost. Approximately 18,500 devices have been provisioned, with nearly 4.6 million transactions completed, averaging 46,000 per day, showcasing the solution's success and adoption.
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