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 Plc (NYSE: ALLE) is a global leader in security solutions, renowned for brands like Schlage and Von Duprin. This page provides real-time access to official press releases, financial updates, and strategic developments shaping the access control industry.
Investors and professionals will find curated coverage of earnings announcements, product innovations in electronic locks and mobile credentials, and partnerships advancing seamless access technologies. Our repository ensures accurate tracking of ALLE's market position and technological leadership.
Discover updates on Allegion's NFC-enabled systems, workplace safety solutions, and global expansion efforts. All content is sourced for reliability, helping stakeholders monitor trends in physical security and digital access integration.
Bookmark this page for continuous access to Allegion's corporate communications and industry analyses. Check regularly for insights into how ALLE addresses evolving challenges in residential, commercial, and institutional security.
Allegion plc (NYSE: ALLE) reported a strong first-quarter 2023, achieving net earnings per share (EPS) of $1.40, a notable increase from $1.05 in 2022. Adjusted EPS also rose by 39.8% to $1.58, compared to $1.13 last year. Revenues reached $923.0 million, reflecting a 27.6% increase year-over-year, with organic growth at 15.0%. The operating margin improved to 18.5%, while the adjusted operating margin increased by 290 basis points to 20.8%. Allegion raised its full-year 2023 revenue growth outlook to 11.5% to 13.5% and adjusted EPS guidance to $6.55 to $6.75. The Americas segment showed strong growth, up 42%, while international revenues declined 9.7% due to weak markets. Interest expenses rose significantly due to increased debt.
Allegion plc (NYSE: ALLE) will present its long-term strategy during the 2023 Goldman Sachs Industrials & Materials Conference on May 9 at The Conrad Hotel in New York City. Senior Vice President and CFO Mike Wagnes will lead the discussion. Investors can access a live webcast of the event through Allegion’s investor website, allowing for wider participation and engagement. Allegion is a global leader in security solutions, generating $3.3 billion in revenue in 2022. The company focuses on delivering security for homes, businesses, and institutions with a portfolio of renowned brands including Schlage, CISA, and Von Duprin.
Allegion plc (NYSE: ALLE) has appointed Ellen Rubin, founder and CEO of Causely, Inc., to its board of directors. Rubin brings extensive experience from the IT industry, having served in leadership roles at notable companies including Amazon Web Services and ClearSky Data. Allegion's Chair, Kirk Hachigian, emphasized Rubin's entrepreneurial success and her ability to identify market opportunities as assets for the company’s growth. With her addition, Allegion's board now consists of nine members with 56% diversity. Rubin will participate in key committees, including Audit and Finance, Compensation and Human Capital, and Corporate Governance. Allegion reported revenue of $3.3 billion in 2022, focusing on security solutions worldwide.
Allegion plc (NYSE: ALLE) announced the declaration of a quarterly dividend of $0.45 per ordinary share, aimed at rewarding its shareholders. The dividend is scheduled to be paid on June 30, 2023, to shareholders recorded by June 15, 2023. Allegion, known for its security products and solutions, reported a revenue of $3.3 billion in 2022 and continues to provide innovative solutions globally through its renowned brands such as Schlage® and CISA®. The company's focus remains on enhancing security for homes, businesses, and institutions.
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