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Allegion Plc (ALLE) Presents At Morgan Stanley's 13th Annual Laguna Conference (Transcript)
Seeking Alphaยท 2025-09-10 23:50
Question-and-Answer SessionAbsolutely. I guess access control, it's an industry with great pricing power, really premium margins. I guess what is the moat here that keeps the industry consolidated, kind of restricts new entrants and allows everyone to generate strong margins?Michael WagnesSenior VP & CFO Yes. If you look at our industry, there's two players, especially in North America, who are able to outfit the building with a suite of products necessary to hit all elements of the building. We are blessed ...