Allegion(US:ALLE)2025-05-09 21:44Company Overview - Allegion's 2024 revenue reached $3.8 billion with a 24.4% adjusted EBITDA margin[27] - The company has over 12,000 full-time global employees, operates in 25+ countries, and has 1,000+ global active patents[26] - Americas account for 80% of revenue, while International contributes 20%[28] - Electronics represent 25% of revenue, Mechanical 68%, and Software & Services 7%[28] Growth Strategy - The company aims for 7%+ revenue growth, excluding FX, over the cycle[56] - Allegion targets bolt-on acquisitions to contribute 3+ points of annual acquired growth[60] - The company plans to deploy approximately $2 billion of available cash flow over the next 3 years[60] - From 2021 to 2024, Enterprise Adjusted EBITDA Margins increased by +280 bps[140] Electronics & Innovation - Electronics growth is expected to be ~30% HSD of 2024 revenue[150] - Electronics products have an average annual revenue outgrowth of ~2-2.5x ASP vs mechanical products at a similar margin rate[150] - Platforming efforts have led to over 45% reduction in development time[168]