Allegion Plc Stock Price, News & Analysis

Allegion plc (NYSE: ALLE) will host its “2023 Investor & Analyst Day” in Carmel, Indiana, on May 2. The event, led by President and CEO John H. Stone and Allegion's executive team, aims to outline the company’s long-term strategy. Presentations will occur from 12:30 p.m. to 2:30 p.m. ET and will be accessible via a listen-only webcast on Allegion's website. For those unable to attend live, a replay will be available by May 4. Allegion is a global leader in security products, having achieved $3.3 billion in revenue in 2022.

Allegion plc (NYSE: ALLE) will present its long-term strategy at the 2023 Bank of America Global Industrials Conference on Tuesday, March 21, in London. President and CEO John H. Stone, along with CFO Mike Wagnes, will lead the discussion. Investors can access a live webcast on Allegion's investor website or through a designated link. Allegion, a leader in security solutions with a revenue of $3.3 billion in 2022, offers prominent brands such as Schlage® and CISA®. The company focuses on securing people and assets across various sectors, including homes and businesses.

Allegion plc reported a strong fourth-quarter 2022 with net revenues of $861.5 million, up 21.5% year-over-year, and a net income of $135.3 million, resulting in an EPS of $1.53. Adjusted EPS was $1.60, reflecting a 44.1% increase. Full-year 2022 EPS decreased to $5.19 from $5.34, but adjusted EPS rose 9.6% to $5.69. Revenue for the year was $3.27 billion, up 14.1%, with strong contributions from its Access Technologies acquisition. Looking ahead, Allegion expects revenue growth of 9-10.5% for 2023, with adjusted EPS guidance of $6.30-$6.50.

Allegion plc has expanded its investment portfolio through Allegion Ventures, co-leading a Series A funding round for Stuf, a tech-enabled self-storage startup. Founded in 2020, Stuf partners with property owners to monetize underutilized spaces, enhancing cash flow and consumer access to storage options. The investment will support Stuf's market expansion and technology enhancement. Allegion Ventures Managing Director Bobby Prostko highlighted Stuf's innovative approach in modernizing self-storage. CEO Katharine Lau expressed enthusiasm for the partnership, emphasizing the demand for innovation in the evolving real estate landscape.

Allegion plc (NYSE: ALLE) has declared a quarterly dividend of $0.45 per ordinary share, marking a 10% increase from the previous year. This is the company's ninth consecutive annual dividend increase. The dividend reflects the board's strong confidence in Allegion's cash flow and long-term prospects, with a commitment to enhancing shareholder value. The dividend will be payable on March 31, 2023, to shareholders of record on March 15, 2023. In 2021, Allegion reported $2.9 billion in revenue, emphasizing its position as a leader in global security solutions.

Schlage, a leader in home security, unveiled the Schlage Encode Smart WiFi Lever on January 31, 2023, at the NAHB International Builders' Show. This new product enhances the existing Encode family, supporting standard single bore-hole doors, and aims to provide security and convenience for various residential applications.

Equipped with advanced features via the Schlage Home App, users can manage access remotely. With a retail price of $309.99, the Encode Smart WiFi Lever will be available this spring. The product has received high ratings for security and durability, further solidifying Schlage's reputation in the smart lock market.

Allegion plc (NYSE: ALLE) will release its 2022 fourth-quarter and full-year financial results on February 22, 2023, before market opening. A conference call will be held at 8 a.m. ET featuring CEO John H. Stone and CFO Mike Wagnes to discuss the results. Investors can access the live webcast on Allegion's website. For those unable to attend live, a replay will be available later that day. Allegion reported $2.9 billion in revenue in 2021 and provides security solutions globally through brands like Schlage and CISA.

Allegion has launched its integration with BadgePass ONE, a subscription software package that enables secure ID badge issuance and access control management. This new system utilizes Schlage's intelligent hardware for efficient and cost-effective access control solutions. Customers can manage access privileges through mobile devices, eliminating the need for on-site PCs. Key features include a flexible subscription model and real-time updates, streamlining implementation costs while enhancing security. This integration marks a progressive step toward cloud-based security systems.