Allegion plc (ALLE) acquired Krieger Specialty Products LLC (Krieger) through one of its subsidiaries. The financial terms of the transaction have been kept under wraps.Headquartered in Los Angeles, CA, Krieger is engaged in producing high-performance doors and windows for industrial, commercial and institutional end markets. The company’s products are used in acoustical, bullet, forced entry, blast and radio frequency applications.Acquisition RationaleThe latest buyout is in sync with Allegion’s policy of ...

Allegion Launches Schlage XE360(TM) Series Wireless Locks for Multifamily ApplicationsMay 29, 2024 9:30 AM EDT | Source: Allegion CanadaMississauga, Ontario--(Newsfile Corp. - May 29, 2024) - Allegion (NYSE: ALLE), a leading security products and solutions provider, has introduced the Schlage® XE360™ Series Wireless Locks, a new electronic lock portfolio designed with multifamily market needs - like style and technology - in mind, at an attractive price point.The XE360 Series is the next gener ...

Allegion plc (ALLE) is poised to gain from strength in the Allegion International segment, acquired assets and shareholder-friendly moves.Let’s delve into the factors that make this Zacks Rank #2 (Buy) company a smart investment choice at the moment.Growth CatalystsBusiness Strength: Strong momentum in the Allegion International segment is supporting the company’s performance. An increase in demand for electronic security products, driven by growing awareness about the security and safety of people, and inf ...

Ventz/iStock via Getty Images The Thesis Despite a bad start to the year, I expect Allegion (NYSE:ALLE) topline to grow in the coming quarter, primarily due to continued strong demand in the institutional end market. This along with benefits from new projects and good demand in certain areas of the residential end market should drive the company's sale in the coming quarters. While longer term should benefit from company's continued investment in organic growth drivers as well as strategic M&As. As volume g ...

Allegion (ALLE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often fi ...

Commercial product line serves as first line of defense from hurricanes, withstanding high wind pressure, resisting forced entry, and providing improved energy efficiency. FARMINGTON, Conn., April 26, 2024 /PRNewswire/ -- STANLEY Access Technologies, part of the Allegion family of brands and leading provider of automatic door solutions and service, is launching enhanced Dura-Storm door products. Designed to increase the structural resilience of commercial and public buildings, the new and expanded line of D ...

Allegion plc’s (ALLE) first-quarter 2024 adjusted earnings of $1.55 per share beat the Zacks Consensus Estimate of $1.41. However, the bottom line fell 1.9% year over year.Revenue DetailsIn the quarter under review, Allegion’s revenues were $893.9 million, declining 3.2% year over year. Organic sales in the quarter decreased 3.6% due to softness in the company’s residential and non-residential businesses. Allegion’s revenues missed the Zacks Consensus Estimate of $915 million.Acquired assets boosted sales b ...

Allegion plc (NYSE:ALLE) Q1 2024 Earnings Conference Call April 25, 2024 8:00 AM ET Company Participants Josh Pokrzywinski - VP, IR John Stone - President and CEO Mike Wagnes - SVP and CFO Conference Call Participants Matthew Pan - Barclays Joe O'Dea - Wells Fargo Peter Costa - Mizuho Operator Good morning, and welcome to the Allegion First Quarter 2024 Earnings Call [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Josh Pokrzywinski, Vice Pre ...

Allegion (ALLE) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.93%. A quarter ago, it was expected that this security device maker would post earnings of $1.57 per share when it actually produced earnings of $1.68, delivering a surprise of 7.01%.Over the last four quarters, the com ...

Allegion (NYSE: ALLE) Reports Q1-2024 Financial Results First quarter marked by strong execution; Company affirms full-year outlook Quarterly Financial Highlights (All comparisons against the first quarter of 2023, unless otherwise noted) • Net earnings per share (EPS) of $1.41, up 0.7% compared with $1.40; Adjusted EPS of $1.55, down 1.9% compared with $1.58 • Revenues of $893.9 million, down 3.2% on a reported basis and down 3.6% on an organic basis • Operating margin of 19.3%, compared with 18.5%; Adjust ...