Tag: John Stone
Allegion hits billion-dollar milestone, with nod to non-residential biz
July 30, 2025Ken Showers, Managing Editor
DUBLIN — Allegion plc hit a key milestone with the release of its second quarter 2025 results this week, largely the result of growth in its non-residential segment in the Americas.
CEO John Stone highlighted the company’s $1.02 billion in net revenues, an increase of 5.8%, and its high-single digit non-residential organic growth in the Americas as an indicator of the resilience of the business and the health of its relationship with channel partners.
“Q2 was a...
Allegion: 'We're performing at a high level’
October 30, 2024Cory Harris, Editor
DUBLIN—Allegion President and CEO John Stone cited two key factors that contributed to a strong third quarter: stable markets and strong execution.
“Q3 marks another quarter of strong execution by the entire Allegion team, resulting in revenue growth and margin expansion, demonstrating the resilience of our business model,” he told investors during the company’s 2024 Q3 earnings call. “I'm especially pleased with the top-line growth in the quarter,...
Allegion off to 'solid start’
May 1, 2024Ken Showers, Managing Editor
DUBLIN – A healthy institutional market helped Allegion plc beat earnings estimates in the first quarter (Q1) of 2024, the fourth quarter in a row.
“Allegion is off to a solid start in 2024, and I'm very proud of our entire team,” Allegion CEO John Stone told investors. “Institutional markets remain healthy as we expected, our team continues to leverage our capabilities in spec writing, made-to-order manufacturing and strong distribution partnerships to best serve...
Allegion Q2 results show continued momentum
July 26, 2023SSN Staff
DUBLIN – Allegion held its 2023 second quarter earnings call on July 26, and the results are a year of positive gain and increased expectations.
These results mirror a surprisingly well-padded first quarter that could not be dampened by the soft residential market. Now several months later Allegion is reporting revenues of $912.5 million, up 18% on a reported basis and up 5.6% on an organic basis in the second quarter of 2023.
“In Q2, strength across both residential and nonresidential...
Allegion Q1 results, “Robust Demand” for NA non-residential business
April 26, 2023Ken Showers, Managing Editor
DUBLIN – It’s been a strong start to 2023 for Allegion plc as the company released its first quarter financial results during this week’s scheduled earnings call.
The company posted an organic revenue growth of 15 percent, with electronics growth for the quarter exceeding 30 percent in the Americas. Allegion's cash generation improved significantly over last year and has raised outlooks on revenue, EPS and cashflow as a result. In the call Allegion President and...