Tag: John H. Stone
Allegion sees ‘resilient’ non-residential market, ‘soft’ residential market in Americas
October 29, 2025Cory Harris, Editor
DUBLIN—Allegion reported a strong Q3 2025, supported by what CEO John H. Stone calls a “resilient” performance and steady aftermarket demand in the non-residential market in the Americas, even as residential markets remained “soft.”
Allegion’s Americas segment delivered strong operating results in Q3, with revenue of $844 million - up 7.9% on a reported basis and up 6.4% on an organic basis - led by its non-residential business.
“Q3...
Allegion reports Q3 2025 results, growth led by Americas non-residential
October 23, 2025SSN Staff
DUBLIN — Allegion plc (NYSE: ALLE), a global security products and solutions provider, has reported the financial results for its third quarter (ended Sept. 30, 2025).
“Allegion’s third-quarter performance was defined by strong execution producing solid results,” Allegion President and CEO John H. Stone said. “With enterprise double-digit revenue growth led by our Americas non-residential business and accretive capital deployment, we’re raising our...
Allegion acquires access control software provider Gatewise
July 7, 2025SSN Staff
DUBLIN—Allegion, a global security products and solutions provider, through one of its subsidiaries, has acquired privately owned Gatewise Inc. (Gatewise), a provider of smart access control solutions in the U.S. multifamily marketplace. Terms of the transaction were not disclosed.
Founded in 2017 and based in Houston, Gatewise is a software-as-a-service provider that offers a modern and retrofit-friendly gate entry system for multifamily communities. The Gatewise portfolio features...
Allegion to acquire access control manufacturer ELATEC in $382 million deal
June 12, 2025SSN Staff
DUBLIN—Allegion, a global security products and solutions provider, through one of its subsidiaries, has signed a definitive agreement to acquire ELATEC, including Elatec GmbH and other group entities, from Summit Partners for €330 million ($382 million) on a cash-free, debt-free basis.
Allegion expects to fund the acquisition through a combination of cash on hand and borrowings under its existing revolving credit facility.
ELATEC is a manufacturer of security and access technology,...
Allegion rises on non-residential biz, remains cautious on tariffs
May 1, 2025Ken Showers, Managing Editor
DUBLIN — Allegion says its positive financial results for the first quarter ended March 31, 2025, are the result of top-line growth in the Americas, driven by the company’s non-residential business, but it’s holding off on updating its revenue outlook for the rest of the year due to the volatility of tariffs.
First quarter
Allegion’s non-residential business was up high-single digits, while its residential business declined mid-single digits.
“Allegion...
Allegion rides favorable Americas, ‘active pipeline’ into 2025
March 5, 2025Ken Showers, Managing Editor
DUBLIN — Allegion’s fourth quarter results exceeded expectations thanks to a favorable bump in revenue for the Americas and strategic partnerships and acquisitions bolstering its non-residential business.
Allegion’s revenues in the Americas saw a 6.4% increase in Q4 (4.6% organic).
“Allegion delivered a record year in 2024 – a year marked by consistent, strong execution, solid margin expansion and balanced capital deployment,” said President...
Allegion Q4 report shows a return to trends
February 23, 2024SSN Staff
DUBLIN – Allegion, a global security products and solutions provider, have reported on the financial results for its fourth quarter (Q4) (ended Dec. 31, 2023).
The company reported fourth-quarter 2023 net revenues of $897.4 million and net earnings of $118.6 million, or $1.34 per share. Adjusted net earnings were $148.5 million, or $1.68 per share, down 0.6%, excluding charges related to restructuring, acquisition and integration costs and other non-cash impairment charges, as well as amortization...
Allegion Ventures invests $20 million in Ambient.ai
October 30, 2023SSN Staff
CARMEL, Ind.—Allegion Ventures, the corporate venture fund of Allegion plc, has made a $20 million investment in Ambient.ai, an artificial intelligence-powered computer vision intelligence (CVI) company.
Based in San Jose, Calif., Ambient.ai applies AI and CVI to existing security camera infrastructure, allowing their platform to deliver near human-level visual perception that analyzes actions and situational context to create efficient and accurate threat detection.
Allegion...
Allegion provides report on Q3 2022 financial results
October 27, 2022Ken Showers, Managing Editor
DUBLIN – Allegion plc released its third quarter fiscal 2022 financial results on Oct. 27, as well as a revised outlook for the remainder of 2022.
The company saw a net earnings per share (EPS) of $1.30 compared to $1.59 in 2021, with an adjusted EPS of $1.64, up roughly 5 percent from $1.56 in 2021. Allegion posted Q3 2022 revenues of $913.7 million, up 27.4 percent reported and 18.6 percent organically.
“Allegion delivered a very strong...
Allegion announces CEO succession
May 31, 2022SSN Staff
DUBLIN—Allegion plc, a leading global provider of security products and solutions, today announced that John H. Stone will succeed David D. Petratis as president and CEO, effective July 11, 2022.
Stone will also become a member of the company’s Board of Directors at that time, and Petratis will serve as executive chairman until his retirement, which is expected by Jan. 2, 2023.
Petratis has led Allegion since its spin-off from the former Ingersoll Rand in 2013, capping off a distinguished...