Financial Data and Key Metrics Changes - Q1 2025 revenue was $941.9 million, an increase of 5.4% compared to Q1 2024 [16] - Organic revenue increased by 4%, driven by favorable pricing and volume, particularly in the non-residential business in The Americas [17] - Adjusted earnings per share (EPS) for Q1 was $1.86, up $0.31 or 20% year-over-year [18] - Available cash flow was $83.4 million, up nearly 250% compared to the previous year [20] Business Line Data and Key Metrics Changes - The Americas segment reported revenue of $757.8 million, up 6.8% on a reported basis and 4.9% organically [21] - The non-residential business in The Americas saw high single-digit organic growth, while the residential business declined mid-single digits [23][24] - International segment revenue was $104.1 million, down 0.3% on a reported basis but up 0.9% organically [26] Market Data and Key Metrics Changes - The Americas experienced mid-single-digit growth and solid margin expansion, indicating strong demand and effective channel partnerships [7] - The residential market remains soft due to high mortgage rates and tariff uncertainties, with expectations to continue at low levels until a significant catalyst occurs [104] Company Strategy and Development Direction - The company is focused on capital allocation for growth, including organic investments and accretive acquisitions, having closed three acquisitions in 2025 [12][14] - Allegion is committed to maintaining its dividend policy, having announced its eleventh consecutive increase at the beginning of the year [15] - The company aims to offset tariff costs through pricing actions while remaining agile in response to market conditions [33][34] Management's Comments on Operating Environment and Future Outlook - Management affirmed the 2025 full-year outlook for adjusted EPS of $7.65 to $7.85, citing resilience in non-residential markets [9][31] - The company anticipates some headwinds in Q2 due to a lag in pricing actions relative to tariff impacts [43] - Positive internal indicators in the non-residential business and a strong aftermarket contribute to confidence in the full-year guidance [125] Other Important Information - Allegion's new product launches, including smart locks, are expected to drive growth in the electronics segment [10][11] - The company has a strong balance sheet with a net debt to adjusted EBITDA ratio of 1.6 times, supporting continued capital deployment [30] Q&A Session Summary Question: Inquiry about tariffs and pricing actions - Management acknowledged a potential lag between tariff impacts and pricing actions, expecting to cover tariff costs at the operating profit and EPS level for the full year [42][44] Question: Changes in institutional verticals and CapEx priorities - Management noted that institutional verticals like healthcare and education remain resilient, with a long tail for projects funded by municipal bonds [55][56] Question: Market dynamics and project paralysis - Management indicated that while some projects may be paused due to interest rate concerns, there is optimism for future project progression as rates stabilize [120] Question: Outlook for the residential market - Management expressed that the residential market is expected to remain soft due to high mortgage rates and construction costs, with a focus on aftermarket opportunities [104][106] Question: Pricing and productivity outlook - Management confirmed expectations for price and productivity to remain neutral for the year, despite fluctuations in quarterly performance [110][111]

Financial Data and Key Metrics Changes - Q1 2025 revenue was $941.9 million, an increase of 5.4% compared to Q1 2024 [16] - Organic revenue increased by 4%, driven by favorable pricing and volume, particularly in the non-residential business in The Americas [17] - Adjusted earnings per share (EPS) for Q1 was $1.86, up $0.31 or 20% year-over-year [18] - Available cash flow was $83.4 million, up nearly 250% compared to the previous year [20] Business Line Data and Key Metrics Changes - The Americas segment reported revenue of $757.8 million, up 6.8% on a reported basis and 4.9% organically [21] - The non-residential business in The Americas saw high single-digit organic growth, while the residential business declined mid-single digits [23][24] - International segment revenue was $104.1 million, down 0.3% on a reported basis but up 0.9% organically [26] Market Data and Key Metrics Changes - The Americas experienced mid-single-digit growth in the non-residential sector, indicating strong demand [7] - The residential market is expected to remain soft due to high mortgage rates and construction costs [104] - The company anticipates tariff costs of approximately $80 million in 2025, which they expect to offset through pricing actions [33] Company Strategy and Development Direction - The company is focused on capital allocation for organic growth and has made three bolt-on acquisitions in 2025 to enhance its portfolio [12][13] - Allegion is committed to returning capital to shareholders while investing in growth opportunities [8] - The company is maintaining its full-year outlook for adjusted EPS of $7.65 to $7.85 [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the non-residential markets, particularly in institutional verticals [31] - The company remains agile in response to changing market conditions and is closely monitoring tariff impacts [46][47] - Positive internal indicators in the non-residential business provide confidence for the full-year guidance [125] Other Important Information - Allegion announced its eleventh consecutive dividend increase, amounting to approximately $44 million in Q1 [15] - The company is set to release innovative products in the smart lock segment later in the year [10][11] Q&A Session Summary Question: Inquiry about tariff impacts and pricing actions - Management acknowledged a potential lag in pricing actions relative to tariff impacts, expecting to cover tariff costs at the operating profit and EPS level for the full year [42][43] Question: Changes in institutional verticals and CapEx priorities - Management noted that institutional verticals like healthcare and education remain resilient, with ongoing projects supported by strong municipal bond issuances [55][56] Question: Market share and competition in the residential market - Management indicated that the residential market is expected to remain soft, but they are focusing on innovation in electronic products to drive growth [104][106] Question: Revenue guidance and pricing actions - Management clarified that the revenue guidance does not assume any uplift from pricing actions related to tariffs, but the operating profit guidance does reflect those actions [114][115] Question: Momentum in the channel and recession concerns - Management reported positive momentum in the non-residential sector and expressed confidence in the outlook despite broader economic concerns [124][125] Question: European market outlook - Management noted optimism in the German market and highlighted strong performance in Italy, but reiterated the need to maintain the current guidance [127][129]

Allegion (ALLE) Q1 2025 Earnings Call April 24, 2025 08:00 AM ET Company Participants Josh Pokrzywinski - Vice President of Investor RelationsJohn Stone - President & CEOMike Wagnes - Senior Vice President and Chief Financial OfficerJoe Ritchie - Managing DirectorJeffrey Sprague - Founder and Managing PartnerJoseph O'Dea - Managing DirectorBrett Linzey - Executive DirectorChris Snyder - Executive DirectorAndrew Obin - MD - Equity Research Conference Call Participants Timothy Wojs - Senior Research AnalystJu ...

Core Viewpoint - Hikvision collaborates with Zhenjiang Jin Gang Port Company to enhance the efficiency of belt conveyor inspections through large model and IoT perception technologies, significantly improving inspection efficiency and reducing safety risks for personnel and equipment [1] Group 1: Technology Implementation - The application of visual large models has improved target detection rates and reduced false alarm rates, enhancing intelligent recognition capabilities [2] - A self-cleaning camera installed above the belt can observe the belt's operation clearly in dusty environments, while an AI algorithm analyzes the belt's deviation status and provides timely warnings to prevent equipment damage, potentially saving over 300,000 yuan annually in cleaning costs due to deviations [2] - The drop accumulation detection model identifies when material accumulates to a certain level and sends alerts for timely cleaning, preventing disruptions to the belt's operation [2] Group 2: Smart Port Platform - Hikvision has developed a smart port platform for Zhenjiang Jin Gang Port Company, creating a dynamic digital twin of the port that integrates data from various sources into existing business processes [3] - The platform utilizes three-dimensional scene technology to replicate physical elements of the port, providing robust support for efficient management and decision-making [3] - The platform also incorporates DeepSeek, which uses natural language processing capabilities to facilitate interactions through simple text commands, acting as an "intelligent assistant" for management tasks [3] Group 3: Operational Efficiency - The project signifies a shift from on-site operations to centralized control, improving the working environment for personnel and reducing operational costs for the company [3] - This new operational model is expected to inject new intelligent momentum into the company's high-quality development [3]

4月15日，第108届中国国际劳动保护用品交易会(简称劳保展)在上海新国际博览中心举行，本届劳保展 山东潍坊高密市组织近300家安防企业组团参展。在此期间，该市上海市点对点"双招双引"活动同步举 办。 作为山东省特色产业集群，高密是中国安全防护用品产业名城和中国鞋业生产基地，现有安防用品经营 主体2300多家，规上企业67家，主要涉及个体防护类中的呼吸、躯干、手部、足部防护用品等类别，产 品涵盖天然乳胶浸渍手套、劳动防护鞋、防护服和防护口罩等500多个品种，已经形成年产防护手套40 亿双、安全鞋2亿双的安防用品产业集群，产品出口120多个国家和地区，产能占全国的三分之一，产销 量稳居全国首位。 政府的靠前服务与支持，更为企业拓市场、抢订单提供了坚实后盾。"展会开始前，我们积极与主办方 沟通协调，为企业争取到了人流量多、靠近主通道的展位，组织行前培训解答疑难，走访企业收集企业 需求，及时对接沟通；展会期间，通过招商引资手册等多种方式广泛宣传，吸引广大产业链上下游企业 来高洽谈业务、投资兴业。"高密市工业和信息化局局长台志强说。 一产带一链，一链兴一城。近年来，高密市先后出台《关于支持安防产业做大做强的办法》《关 ...

星标 ★ IPO日报 精彩文章第一时间推送 又一单跨界收购来袭！ 近期，北京汉邦高科数字技术股份有限公司（代码：300449，下称"汉邦高科"）公告称，其正在筹划发行股份购买资产并募集配套资金事项，公司股票自 2025年3月14日开市起停牌，公司预计在不超过10个交易日的时间内披露本次交易方案。 据悉，汉邦高科是一家安防企业，而标的公司专注智慧交通领域。此次并购，汉邦高科以图产业突围。此次，汉邦高科拟以发行A股股份方式，购买深圳 高灯计算机科技有限公司（下称"深圳高灯"）持有的安徽驿路微行科技有限公司（下称"驿路微行"）51%股权，并募集配套资金。此次交易的最终股份转 让数量、比例、交易价格由交易双方另行签署正式协议确定。 制图：佘诗婕 三年亏损10亿元 资料显示，汉邦高科主要围绕"智能安防"、"音视频监测"、"数字水印技术"三大业务开展经营，为客户提供贴合行业特点的安防整体解决方案，升级音视 频监测技术，拓展行业应用，开发数字水印的衍生应用场景。 2015年，汉邦高科在深交所创业板上市。自上市以后，汉邦高科的业绩表现不佳。 上市当年，公司实现的营业收入、归母净利润分别为4.79亿元、0.45亿元，同比双双下 ...

证券时报·e公司记者注意到， 广州番职 属于事业单位，李茂沛在学校属于骨干教师；相较之下，他在浩云科技担任董事只是兼职，且董事津 贴只有6.5万元（税前），换算成月薪约5417元。 不过，浩云科技新的董事候选人也有些来头，这使得此次"换人"颇有些看点。 博士董事候选人弃选 据浩云科技公告，公司董事会收到李茂沛提交的函件，其在函中表示因其任职学校不允许校外兼职的要求，向公司提出放弃公司第六届董事 会董事候选人资格。据此，公司董事会同意取消李茂沛为董事候选人并取消临时股东会相关议案。 李茂沛出生于1975年4月，博士研究生学历，毕业于哈尔滨工业大学信号与信息处理专业，高级工程师。 李茂沛的工作履历相当丰富。2006年11月至2018年5月，他任职于海格通信(002465)，担任项目副总师；2018年5月至2021年2月，他在浩云 科技担任首席技术官。 浩云科技（300448）3月17日晚间宣布，取消公司2025年第一次临时股东会部分子提案。公司原计划选举李茂沛为第六届董事 会非独立董事。在会议即将召开之际，李茂沛向公司发函提出放弃董事候选人资格。 李茂沛系广州番禺职业技术学院（下称"广州番职"）专职教师。他此次退 ...

周末捋一捋直的关注的事情。 1、先给昨晚的内容做一个更新，岭南股份公司找了一个第三方，对可转债进行收购，收购价是停牌前20天均价的115%，我算了一下正好是100元保本 价。另外这次收购是部分收购，所有持债人收购1000张，也就是10万元，超过1000张的以后再说。 其实一句话解释，就是10万元以下的散户可以拿回债券面值本金，10万元以上的再议。 2、今晚有一个刚出炉的新闻 ， 沪股通和深股通将公布每日的成交总额、总成交笔数、ETF成交总额、前十大成交活跃证券名单及其成交总额，并按 月度、年度公布汇总数据。 上面这段话我是复制粘贴过来的，你们看出门道了吗，只有每天的成交总额和总成交笔数，没提另一个重要数据，8月19日（明天）开始执行，所以是不 是我想的那样，明天就知道了。 3、证监会公开处罚了超级牛散章建平和他的岳父方德基，原因是他们互相借用证券账户交易，各自被罚了顶格的50万。我刚炒股的时候章建平就可以动 用十亿以上的资金封涨停，两个50万对他来说真的是毛毛雨。证监会的处罚其实是给市场一个信号，不要再试图借用账户买股票来规避监管。 可能有读者觉得自己家人借账户炒股算什么，这在普通老百姓里很常见。但对于超级大 ...

关于北京汉邦高科数字技术股份有限公司 申请向特定对象发行股票 发行注册环节反馈意见落实函的回复(二次修订稿) 中兴财光华审专字(2023)第 224018号 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://aconof.eos.co）" 上行业 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acmof.eosen）" 上行业 the country 关于北京汉邦高科数字技术股份有限公司 申请向特定对象发行股票 发行注册环节反馈意见落实函的回复(二次修订稿) 中兴财光华审专字(2023)第 224018号 中国证券监督管理委员会、深圳证券交易所: 深圳证券交易所转发的中国证券监督管理委员会关于对北京汉邦高科数学技术 股份有限公司（以下简称"汉邦高科"、"发行人"、"公司"、"上市公司"） 申请向特定对象发行股票《发行注册环节反馈意见落实函》(审核函〔2022〕020283 号)(以下简称"落实函")已收悉,中兴财光华会计师事务所(特殊普通合伙)(以 下简称"会计师")对落实函所涉及的问题进行了认真核查,现就落实函提出的有关问 题回复如下,请予审核。 问题二 最近 ...