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 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.
Allegion plc (NYSE: ALLE) has successfully completed the sale of its Qatar Metal Industries (QMI) business to HLD Group of Companies on February 28, 2021. The terms of the transaction remain undisclosed. This divestiture, part of Allegion's strategic focus, was initially announced during the company's fourth-quarter earnings call for 2020. Allegion is a leading provider of security solutions with a revenue of $2.7 billion in 2020, showcasing its commitment to securing homes, businesses, and institutions globally.
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.