Allegion (ALLE) Stock News

Schlage, a leading door hardware manufacturer, has launched Pin & Tumbler Studio, its first innovation studio focused on design-forward door hardware solutions. The studio's inaugural release features the Mosaic Trim Collections, offering customizable door hardware with interchangeable trim inserts priced at $99. The collection includes two distinct lines: the Natural Collection, inspired by organic elements and calming textures, and the Bold Collection, featuring vibrant colors and statement patterns. Built on Schlage's Combined Interior platform, these locks can switch between locking and non-locking functions. The studio aims to blend innovation with personal style preferences while maintaining Schlage's century-old reputation for trusted security solutions.

Allegion (NYSE: ALLE) has signed a definitive agreement to acquire ELATEC, a leading manufacturer of RFID credentials and readers solutions, from Summit Partners for €330 million. ELATEC specializes in security and access technology, with readers compatible with nearly 100 credential types. The company is expected to generate €60-€65 million in net sales in 2026 and be accretive to adjusted EPS. The acquisition will expand Allegion's global electronics portfolio in non-residential markets including education, healthcare, hospitality, and industrial sectors. ELATEC will be integrated into Allegion's International segment, with CEO Gerhard Burits joining to support the transition. The deal, expected to close in Q3 2025, will be funded through cash and existing credit facilities, with an implied 2026E adjusted EBITDA multiple of approximately 18x.

Allegion US announces the integration of Schlage XE360™ electronic locks with Zentra's cloud-based access control solution, targeting multifamily property management. The integration combines Zentra's cloud technology with Schlage XE360™ Series locks, which can be configured wirelessly via smart devices. The XE360™ Series offers versatile configurations including tubular, mortise, mortise deadbolt, and exit trims with matching levers and finishes. A key feature is the FleX Module™, enabling field upgrades from offline to real-time connected solutions. The integration will be showcased at Apartmentalize in Las Vegas from June 11-13, demonstrating enhanced security management capabilities for multifamily communities.

Allegion plc (NYSE: ALLE) has acquired Nova Hardware Pty Ltd (Novas), an Australian architectural door hardware company, through a subsidiary. Founded in 1996, Novas specializes in mechanical and electronic locks, door closers, seals, hinges, pulls, levers, and master keying solutions, primarily serving Australian multifamily and commercial markets. The acquisition strengthens Allegion's presence in the region and will operate under the Allegion International segment. Novas owner Todd Foster will join Allegion in an advisory role to support the transition and growth initiatives. The transaction excludes Novas' kitchen and bathroom businesses, which will become a separate entity under the current ownership. Financial terms were not disclosed.

Allegion (ALLE) has launched the Outdoor Defense (OUT) option for its Von Duprin 98/99 exit devices, marking the company's first product specifically engineered for outdoor applications. This innovation is designed to protect device functionality against moisture, temperature variations, and corrosion in exterior settings.

The OUT option is available for the 98/99 Series rim and surface vertical rod exit devices, compatible with both mechanical devices and electronic components including switches, latch retraction, delayed/controlled egress, and alarm kits. The product is specifically designed for outdoor applications such as courtyards, perimeter security, rooftops, and patios.

Allegion (NYSE: ALLE) reported strong Q1-2025 financial results with net earnings per share of $1.71, up 21.3% YoY. Revenues reached $941.9 million, increasing 5.4% on a reported basis and 4.0% organically.

The company demonstrated solid margin expansion with operating margin at 20.9% and adjusted operating margin of 22.7%, up 150 basis points. The Americas segment showed notable performance with revenues up 6.8%, driven by high-single-digit growth in non-residential business, while residential declined mid-single digits.

During Q1, Allegion acquired Next Door Company and Lemaar, expanding its core business. The company maintains its 2025 outlook with expected revenue growth of 1-3% reported and 1.5-3.5% organic. Full-year 2025 EPS is projected at $7.05-$7.25, or $7.65-$7.85 adjusted.

Allegion (NYSE: ALLE) has announced it will release its 2025 first-quarter financial results on Thursday, April 24, before market opening. The company will host a conference call and webcast at 8 a.m. ET the same day, featuring President and CEO John H. Stone and CFO Mike Wagnes, who will review the results with analysts and investors.

Interested parties can access the live webcast through Allegion's investor relations website. The conference call can be joined by dialing 1-877-883-0383 (US) or 1-412-902-6506 (international) with Conference ID 7443962. Participants are advised to dial in at least 10 minutes before the call starts. A replay will be available on the company's website after the event.

Allegion (NYSE: ALLE), a global security products and solutions provider, has announced a quarterly dividend declaration. The company's board of directors has approved a dividend payment of $0.51 per ordinary share. The dividend will be distributed to shareholders of record as of June 13, 2025, with the payment scheduled for June 30, 2025.

Allegion (NYSE: ALLE) has acquired Trimco Hardware, a leading North American manufacturer of high-performance and custom-designed door hardware. Trimco, based in Oceanside, California, brings 75 years of experience in producing unique and patented solutions for commercial and institutional markets.

The acquisition enhances Allegion's Americas portfolio with Trimco's premium offerings, including architectural pulls, sliding door hardware, mechanical locks, latches and strikes. Trimco is notable for its Healthy Hardware™ line designed for healthcare, education and restaurant environments, and Identity Hardware™ for branded doorway applications.

Trimco will be integrated into the Allegion Americas segment under Senior Vice President Dave Ilardi. Jason Bennett, Trimco's owner, will join Allegion as general manager to support the transition and growth initiatives. Financial terms of the transaction were not disclosed.