WACO, Texas, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Baylor University announced today the launch of NFC wallet-based mobile credentials on its campus in collaboration with CBORD. This move positions Baylor as a trailblazer among Big 12 universities and exemplifies the institution's dedication to enhancing the campus experience for students, faculty and staff.  Dan Park, president and CEO at CBORD, conveyed enthusiasm for the initiative, stating:  "This alliance with Baylor University signifies our commitment to ...

Allegion plc (NYSE:ALLE) Q3 2023 Earnings Conference Call October 31, 2023 8:00 AM ET Corporate Participants Jobi Coyle - Director of IR John Stone - President and Chief Executive Officer Mike Wagnes - Senior Vice President and Chief Financial Officer Conference Call Participants Joe O'Dea - Wells Fargo Julian Mitchell - Barclays Joe Ritchie - Goldman Sachs Brett Linzey - Mizuho Chris Snyder - UBS Tim Wojs - Baird David MacGregor - Longbow Andrew Obin - Bank of America Operator Good morning, and welcome to ...

Q3-2023 Earnings Call NYSE: ALLE Cautionary ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35971 _______________________________ logoallea10.jpg ALLEGION PUBLIC ...

Allegion plc (NYSE:ALLE) Q2 2023 Earnings Conference Call July 26, 2023 8:00 AM ET Company Participants Jobi Coyle - Director of IR John Stone - President and CEO Mike Wagnes - SVP and CFO Conference Call Participants Julian Mitchell - Barclays Joe O'Dea - Wells Fargo Joe Ritchie - Goldman Sachs Josh Pokrzywinski - Morgan Stanley Andrew Obin - Bank of America Ryan Merkel - William Blair David MacGregor - Longbow Research Brett Linzey - Mizuho America Operator Good morning, and welcome to the Allegion Second ...

Q2-2023 Earnings Call NYSE: ALLE Cautionary ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35971 _______________________________ logoallea10.jpg ALLEGION PUBLIC LIMI ...

Financial Data and Key Metrics Changes - Allegion reported revenue of $923 million for Q1 2023, an increase of 27.6% compared to the previous year, with organic growth of 15% driven by favorable volume in the Americas non-residential business and strong price realization across the portfolio [9][10] - Adjusted earnings per share (EPS) for Q1 2023 was $1.58, an increase of approximately 40% compared to the prior year [10][12] - The company expanded margins by 290 basis points year-over-year, marking the fourth consecutive quarter of margin expansion [8][9] Business Line Data and Key Metrics Changes - The Americas segment revenue was $740.9 million, up 42% on a reported basis and up 22.6% organically, with strong demand in non-residential markets [14][16] - The International segment revenue was $182.1 million, down 9.7% on a reported basis and down 4.8% organically, primarily due to lower volumes in the Portable Securities business [17] - Adjusted operating income for the Americas segment increased by 59.5% year-over-year, while adjusted operating margins improved by 290 basis points [16] Market Data and Key Metrics Changes - The company observed robust demand in the North America non-residential business and strong global demand for electronic solutions, with Americas Electronics Solutions growing by more than 30% [7][8] - Residential markets remained soft, particularly for mechanical products, while electronic solutions saw strong growth exceeding 30% [7][14] Company Strategy and Development Direction - Allegion is committed to expanding margins for 2023 and beyond, with a focus on improving operational efficiencies and cash flow [8][20] - The company raised its 2023 outlook for the Americas segment, expecting organic growth between 7.5% to 9.5% and total growth, including the Access Technologies acquisition, between 15% and 17% [20][22] - The company continues to integrate Access Technologies, which is performing well and contributing significantly to growth [15][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the non-residential market and the ongoing demand for electronic solutions, despite potential risks from banking sector concerns [20][37] - The company noted that while there are challenges in the market, particularly in residential segments, the overall outlook remains positive with strong spec writing activity and robust quoting and bidding [29][40] Other Important Information - Available cash flow for Q1 2023 was $46.7 million, up nearly 300% year-over-year, driven by higher earnings and improved operating efficiencies [10][18] - The company plans to hold an Investor and Analyst Day on May 2, 2023, to discuss its strategy and future initiatives [24][67] Q&A Session Summary Question: Update on non-residential Americas outlook - Management expects revenue growth driven by both price and volume, with a tougher comparison in the latter half of the year due to previous high growth rates [27][29] Question: Pricing discussion and future expectations - Pricing actions have been substantial, and while the realization percentage may decline, the company expects pricing to remain sticky [34][35] Question: Potential risks from banking concerns - Management acknowledged the potential impact of regional bank lending but noted that current demand indicators remain strong [37][39] Question: Stimulus impact on institutional markets - Management indicated that stimulus funding is flowing into projects, particularly in airport terminal renewals and higher education [40] Question: Pricing in the non-res business - The competitive landscape remains rational, with pricing driven by value rather than a race to the bottom [55][56] Question: Distribution channel dynamics - Demand is robust, and while some restocking may occur, the overall ordering behavior is adapting to normalized lead times [60] Question: Guidance for Q2 - Management refrained from providing specific quarterly guidance but indicated that Q2 should not be significantly lower than Q1 [65]

First-Quarter 2023 Financial Results April 26, 2023 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements related to the Full-Year 2023 Revenue and EPS Outlook, and statements regarding inflation, supply chain constraints, electronic component shortages, the company ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35971 _______________________________ logoallea10.jpg ALLEGION PUBLIC LIM ...