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 (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.
Allegion (NYSE: ALLE), a global leader in security products and solutions, will announce its 2024 second-quarter financial results on July 24, before the market opens. A conference call with John H. Stone, President and CEO, and Mike Wagnes, Senior VP and CFO, will follow at 8 a.m. ET to review the results. The call will be webcast live on Allegion's investor relations website. To join the call, investors in the U.S. can dial 1-877-883-0383, while international participants can dial 1-412-902-6506, using Conference ID 9382339. A replay will be available on the website later that day.
Allegion (NYSE: ALLE), a global leader in security products, has announced the appointment of Stacy Cozad as Senior Vice President, General Counsel, and Corporate Secretary, effective August 5, 2024. Cozad succeeds Jeff Braun, who will retire on December 31, 2024. With nearly 30 years of experience, Cozad brings expertise in law, compliance, corporate communications, and cybersecurity. Previously, she served as EVP, General Counsel, and Corporate Secretary at Ingevity , managing $2 billion in 2023 revenue. John H. Stone, Allegion's CEO, highlighted Cozad's strategic problem-solving skills and dedication to core values, welcoming her to the executive leadership team to drive the company's growth and innovation.
Allegion has launched the Von Duprin 70 Series Exit Devices, providing high-quality security solutions at a mid-price point. Designed for multifamily, office, retail, warehouse, industrial, and hospitality spaces, the 70 Series is ANSI/BHMA Grade 1 certified, offering both panic and fire-rated options in wide and narrow stile configurations.
The devices feature a Quiet Electric Latch Retraction (QEL) option for noise-sensitive environments and quick shipping for urgent projects. The series boasts modern aesthetics, enhancing project designs with a blend of premium and mid-priced products. Von Duprin supports customers with comprehensive technical and compliance assistance.
Zentra, under the Allegion brand, has introduced a new feature allowing residents to add their keys to Apple Wallet, providing easy and secure access to multifamily buildings with iPhones or Apple Watches. This integration enables contactless entry to buildings, apartments, and common areas. Property owners and managers benefit from enhanced operational efficiency, with remote key management and issuance, reducing the need for physical keys. The feature utilizes Apple's security measures, ensuring data encryption and privacy. Demonstrations are available at Apartmentalize 2024 in Philadelphia. The solution currently supports various Schlage smart locks, with plans to expand compatibility later this year.