Accessibility StatementSkip Navigation Powered by industry-leading technology, the LCN Senior Swing automatically adjusts to environmental factors for smooth, consistent year-round operation and lowered maintenance for high-traffic facilities CARMEL, Ind., Nov. 18, 2025 /PRNewswire/ -- Allegion US, a leading provider of security solutions, technology and services, is excited to announce the release of a series of enhancements to their LCN 2800IQ and 9500IQ Senior Swing series operators, including the pate ...

Core Insights - Schlage has launched the Refined Finishes Collection, featuring three new finishes designed to enhance interior spaces with understated elegance [1][2][3] Product Details - The collection includes three finishes: Matte White, Forest Shadow, and Golden Bronze, each crafted to complement Schlage's modern design forms [3][8] - The finishes are designed to provide a smooth, understated aesthetic that integrates seamlessly with various interior styles [2][4] Functionality and Installation - The Refined Finishes Collection offers versatile functionality, allowing for both non-locking and locking options, making it suitable for different types of doors [4] - Installation is designed to be quick and straightforward, enabling homeowners to upgrade their spaces without professional tools [4] Brand Recognition - Schlage has been recognized as America's Most Trusted Door Lockset Brand according to a study by Lifestory Research, highlighting the brand's strong reputation in the market [7]

Accessibility StatementSkip Navigation About Allegion At Allegion (NYSE: ALLE), we design and manufacture innovative security and access solutions that help keep people safe where they live, learn, work and connect. We're pioneering safety with our strong legacy of brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss®, Von Duprin® and Zentra®. Our comprehensive portfolio of hardware, software and electronic solutions is sold around the world and spans residential and commercial locks, door closer and ...

PresentationTimothy WojsRobert W. Baird & Co. Incorporated, Research Division All right. Great. Good afternoon. Thank you for joining us. I'm Tim Wojs, and I cover building products here at Baird. We're delighted to have Allegion join us again this year at our Global Industrial Conference. Allegion is one of the world's largest manufacturers of mechanical and electromechanical locks and security products. From the company, we have President and CEO, John Stone, up here with me on stage. We have CFO, Mike W ...

Allegion Conference Call Summary Company Overview - Allegion is a leading manufacturer of mechanical and electromechanical locks and security products, with a revenue of approximately $3.8 billion in 2024, primarily split 80% Americas and 20% international [2][3] Key Market Segments - The largest segment for Allegion is non-residential in the Americas, which includes institutional verticals such as healthcare and education, as well as commercial verticals like office and retail [3] - Residential business, primarily through the Schlage brand, accounts for about 20%-25% of the Americas business [3] Growth Strategy - Allegion's top growth priority is investment for organic growth, with operating margins expanded by over 200 basis points since 2022 while increasing R&D spending from 2.5% to over 3% of sales [7][8] - The company has completed 14 bolt-on acquisitions in the last two years, focusing on strategic fit and quick integration into existing business units [9][10] Market Conditions - Post-COVID, non-residential markets have shown resilience and continued growth, while residential markets have been flat to declining [12][13] - Institutional markets have experienced stable growth, with expectations of mid-single-digit growth [15][16] Specification Writing Advantage - Allegion has a competitive advantage in specification writing, which is crucial for securing contracts in construction projects [20][21] - The company invests in training and software tools to enhance its specification capabilities, leveraging AI for efficiency [22][25] Technology and Innovation - Allegion is actively investing in AI for spec writing and manufacturing processes, as well as partnerships with major tech companies like Apple and Google for electronic lock integration [29][30] - The company has introduced connected locks that improve installation efficiency and are expected to drive future growth [31][32] M&A Strategy - Allegion's M&A strategy focuses on acquiring companies that fit within its existing business units, generate accretive shareholder returns, and maintain cultural alignment [39][40] - The company prioritizes acquisitions in familiar geographies (Western Europe, North America, Australia, New Zealand) and seeks to maintain its margin discipline [41] Conclusion - Allegion is positioned for continued growth through strategic investments in R&D, technology, and acquisitions, while navigating a mixed market landscape post-COVID. The company's strong focus on specification writing and innovation in electronic locks further enhances its competitive edge in the security industry [10][12][30]

Core Insights - FireLite, a fire-rated glazing material from Technical Glass Products (TGP), is now registered with an Environmental Product Declaration (EPD), enhancing transparency regarding its environmental impact and supporting green building initiatives [1][3][4] Group 1: Environmental Impact and Certification - The EPD provides third-party verified environmental data from raw material procurement to shipment, based on Life Cycle Assessment (LCA) results [1][3] - FireLite's EPD can help projects acquire credits toward Leadership in Energy and Environmental Design (LEED) certification, contributing to environmentally safe and sustainable structures [3][4] - The EPD allows FireLite to meet code-driven standards for fire and life safety while also earning credits toward LEED certification [3][4] Group 2: Product Features and Industry Commitment - FireLite combines fire-protective performance with aesthetic appeal, now substantiated by its environmental impact, thus widening sustainable glazing options for the construction industry [4][5] - TGP is committed to sustainability, pursuing EPDs, Declare Labels, and Health Product Declarations (HPD) to enhance contributions toward green building initiatives [5] - FireLite can be used alongside other non-rated TGP glazing systems to contribute to various LEED v5 prerequisites and points in categories such as Environmental Quality and Energy & Atmosphere [4][5]

Core Insights - The article discusses the initiation of tracking an investable universe of 50 high-quality dividend growth stocks starting September 1, 2024 [1] Group 1 - The author has a master's degree in Analytics and a bachelor's degree in Accounting, with over 10 years of experience in the investment field [1] - The focus of the article is on dividend investing, which is described as a personal hobby of the author [1]

Core Insights - Allegion Americas and Brivo have partnered to create a Connected Openings solution that enhances access control for multi-family and mixed-use properties [1][2] - The integration utilizes a cloud-to-cloud development platform, enabling seamless connectivity and scalability [2][4] - This solution eliminates the need for additional infrastructure, reducing installation costs and expanding access control capabilities [3][5] Company Overview - Brivo is a leading global provider of unified, cloud-based physical security, trusted by over 20 million users across 60 countries [6] - Allegion designs and manufactures innovative security and access solutions, with a comprehensive portfolio that includes various brands and products [7][8] Strategic Goals - The partnership aims to reduce door installation costs and secure additional mechanical openings electronically [3] - Allegion seeks to establish a strategic hardware position within Brivo's Security Suite ecosystem [5] Market Impact - The integration of the Schlage XE360 with Brivo's ecosystem has received positive feedback for its seamless connectivity and robust performance [4] - The solution supports properties with limited or no Wi-Fi services, ensuring comprehensive access control [3]

Core Insights - Allegion plc's third-quarter 2025 adjusted earnings per share (EPS) of $2.30 exceeded the Zacks Consensus Estimate of $2.21, marking a year-over-year increase of 6.5% [1][8] - The company's revenues reached $1.07 billion, reflecting a 10.7% year-over-year growth, driven by strong performance in the non-residential business in the Americas [2][8] Revenue Details - Allegion's organic revenues increased by 5.9%, with acquired assets contributing an additional 3.9% and foreign currency effects adding 0.9% [2] - Revenues from Allegion Americas rose by 7.9% year over year to $844 million, accounting for 78.9% of total revenues, while Allegion International revenues surged by 22.5% to $226.2 million [2][3] Margin Profile - The cost of revenues increased by 8.5% year over year to $580.4 million, while gross profit rose by 13.4% to $489.8 million, resulting in a gross margin improvement of 110 basis points to 45.8% [4] - Adjusted operating income increased by 10.1% year over year to $257.4 million, with an adjusted margin of 24.2%, up 10 basis points [5] Balance Sheet and Cash Flow - At the end of Q3 2025, Allegion had cash and cash equivalents of $302.7 million, down from $503.8 million at the end of 2024, while long-term debt increased to $2.06 billion [6] - The company generated net cash of $543.7 million from operating activities in the first nine months of 2025, a 19.2% increase year over year [7] 2025 Outlook - Allegion raised its 2025 revenue growth guidance to 7-8%, up from the previous estimate of 6.5-7.5%, with organic revenue growth expected in the range of 3.5-4.5% [10] - Adjusted earnings are projected to be between $8.10 and $8.20 per share, an increase from the earlier forecast of $8.00 to $8.15 [10]

Financial Data and Key Metrics Changes - Q3 revenue exceeded $1 billion, marking a 10.7% increase compared to 2024, with organic revenue rising by 5.9% due to favorable pricing and volume [8][9] - Adjusted EPS for Q3 was $2.30, an increase of $0.14 or 6.5% year-over-year [9] - Year-to-date available cash flow reached $485.2 million, up 25.1% from the previous year [12] Business Line Data and Key Metrics Changes - The Americas segment reported revenue of $844 million, up 7.9% on a reported basis and 6.4% organically, driven by non-residential business demand [9][10] - The International segment delivered revenue of $226 million, a 22.5% increase on a reported basis and 3.6% organically, with acquisitions contributing significantly [11] Market Data and Key Metrics Changes - Non-residential business in the Americas showed mid-single-digit organic growth, while residential market demand remained soft [10][14] - International markets are expected to remain largely flat, with some growth driven by recent acquisitions [14][15] Company Strategy and Development Direction - The company is focused on long-term capital allocation for growth, with approximately $600 million allocated to acquisitions year-to-date [4][7] - Recent acquisitions, including UAP and Bressant, are aimed at strengthening the product portfolio and enhancing cost positions [6][11] Management's Comments on Operating Environment and Future Outlook - Management raised the 2025 adjusted EPS outlook to $8.10 to $8.20, reflecting strong execution and recent acquisitions [5][15] - The overall market conditions for 2026 are expected to be similar to 2025, with continued focus on price adjustments to offset inflation [15][16] Other Important Information - The company continues to pay dividends, amounting to $0.51 per share in Q3, totaling approximately $44 million [7] - The balance sheet remains strong, with a net debt to adjusted EBITDA ratio of 1.8 times [13] Q&A Session Summary Question: Update on spec writing and key verticals - Spec activity has accelerated in 2025, supporting organic growth in non-residential markets [20][22] Question: M&A pipeline and potential earnings accretion - The M&A pipeline remains strong across both reporting segments, with ongoing activity in portfolio expansion and complementary software [23][24] Question: Conversations with building owners and architects regarding macro uncertainty - Non-res project activity is healthy, with private finance returning to the market, indicating a positive environment [29][30] Question: International volume growth and momentum - International segment showed volume growth after previous declines, with electronics businesses performing well [32][33] Question: Adjusted operating margins and corporate costs - Margins are expected to expand in Q4, with corporate costs remaining consistent with previous quarters [36][39] Question: Residential outlook for Q4 - Residential market demand is expected to remain soft, aligning with year-to-date growth rates [65] Question: Pricing power and customer reactions to tariffs - The company has not seen pricing fatigue, and the demand environment in non-res remains strong [68] Question: Spec content evolution and new product contributions - There is an increase in electronics adoption in specs, with new product launches contributing positively [75][76]