Allegion Plc Stock Price, News & Analysis

Allegion (NYSE: ALLE) has appointed Gregg Sengstack, executive chairperson of Franklin Electric Company, to its Board of Directors. Sengstack becomes the ninth member of the board, joining eight independent directors. He will serve on the Board's Audit and Finance Committee, Compensation and Human Capital Committee, and Corporate Governance and Nominating Committee.

Sengstack brings over 30 years of professional experience, having served as both CEO and CFO at Franklin Electric. His career at Franklin Electric began in 1988 as assistant treasurer, progressing through various leadership roles including CFO, senior vice president, president of Franklin Fueling Systems and International Water Group, and COO. He served as CEO from 2014 to July 2024 and was elected board chairperson in 2015. He also currently serves on the board of Woodward, Inc.

Allegion (NYSE: ALLE), a global security products and solutions provider, has reappointed Jeff Braun as senior vice president, general counsel, and corporate secretary. This role was previously held by Stacy Cozad, who has left the company. Braun brings extensive experience, having served as Allegion's general counsel for over 10 years. His background includes roles at Ingersoll Rand, General Motors, and a private law firm. Braun earned his juris doctor degree magna cum laude from Harvard University Law School.

Allegion (NYSE: ALLE) announced its participation in the 2024 Baird Global Industrial Conference at The Ritz-Carlton Chicago on November 13. CEO John H. Stone and CFO Mike Wagnes will present the company's long-term strategy during the event. Investors and interested parties can access a live listen-only webcast through Allegion's investor website at investor.allegion.com.

Allegion (ALLE) reported strong Q3-2024 results with net earnings per share of $1.99, up 12.4% YoY. Revenue reached $967.1 million, increasing 5.4% on a reported basis and 3.3% organically. Operating margin expanded to 22.2% from 21.0%, while adjusted operating margin rose 100 basis points to 24.2%. The company raised its full-year adjusted EPS guidance to $7.35-$7.45 while affirming revenue growth outlook of 2.5-3.5%. The Americas segment grew 5.6%, while International segment revenues increased 4.4%. Year-to-date available cash flow improved to $388.0 million, up $67.6 million versus prior year.

Allegion plc (NYSE: ALLE), a global security products and solutions provider, has announced its schedule for releasing 2024 third-quarter financial results. The company will release its results on Thursday, Oct. 24, before the market opens. Following this, John H. Stone, president and CEO, and Mike Wagnes, senior vice president and CFO, will host a conference call at 8 a.m. ET to review the results with analysts and investors.

A live webcast of the conference call will be available on Allegion's investor relations website. Interested parties can also join the call by dialing 1-877-883-0383 (US) or 1-412-902-6506 (international) and using Conference ID 3411999. It's recommended to dial in at least 10 minutes before the call starts. For those unable to attend live, a replay will be available on the company's website later that day.

Allegion plc (NYSE: ALLE) has announced a significant leadership change. The Board of Directors has elected Lauren B. Peters as its next chair, effective Sept. 11, 2024. Peters, who has served on Allegion's Board since 2021, will succeed Kirk S. Hachigian, who is retiring in June 2025. Peters brings extensive experience as the former executive VP and CFO of Foot Locker, Inc., with a track record of expanding profits and implementing innovative solutions.

The transition also includes Susan L. Main replacing Peters as the Audit and Finance Committee chair. This leadership shuffle aims to leverage Peters' strategic acumen and global business expertise to support Allegion's future growth in the security products and solutions industry.

Allegion plc (NYSE: ALLE), a global leader in security products and solutions, has announced a quarterly dividend of $0.48 per ordinary share. The dividend will be paid on Sept. 30, 2024, to shareholders on record as of Sept. 20, 2024. This announcement demonstrates Allegion's commitment to returning value to its shareholders and maintaining a consistent dividend policy. The declaration of a dividend can be seen as a positive sign of the company's financial health and confidence in its future performance.

Allegion plc (NYSE: ALLE), a global security products provider, has released its 2023 ESG metrics and digital annual report. Key highlights include:

• 16% decrease in water usage intensity
• 30% decrease in greenhouse gas emissions intensity
• 87% waste diversion rate
• 26% carbon-free electricity usage
• 42% decrease in lost time incident rate
• 75% diversity on the Board of Directors

The company's digital annual report showcases its 10-year anniversary, financial performance, and strategic vision. CEO John H. Stone emphasized Allegion's commitment to safety, sustainability, and creating long-term shareholder value. The report is available at www.allegion.com/annualreport.

Allegion (NYSE: ALLE) reported strong Q2-2024 financial results, raising its full-year outlook. Key highlights include:

- Net earnings per share (EPS) of $1.77, up 9.9% YoY
- Adjusted EPS of $1.96, up 11.4% YoY
- Revenues of $965.6 million, up 5.8% on a reported basis and 5.2% organically
- Operating margin of 21.6%, compared to 20.2% in Q2-2023
- Adjusted operating margin of 23.7%, up 150 basis points YoY

The company raised its full-year reported revenue growth outlook to 2.5-3.5% and adjusted EPS to $7.15-$7.30. Allegion's performance was driven by strong execution, price realization, and volume growth across its Americas and International segments.