Tag: Stanley Access Technologies
Allegion releases second-quarter financial results
August 2, 2022SSN Staff
DUBLIN – Allegion recently released its second-quarter financial results, with a healthy stable outlook for the rest of the year.
The global provider of security products and solutions posted Q2 2022 net revenues of $773.1 million and net earnings of $115.1 million, or $1.30 per share. Excluding charges related to restructuring, acquisition and integration expenses, debt financing, as well as non-operating investment gains, adjusted net earnings were $121.1 million, or $1.37 per share, up...
Allegion completes acquisition of Stanley Access Technologies
July 6, 2022SSN Staff
DUBLIN—Allegion plc, a global security products and solutions provider, has completed the previously announced acquisition of Stanley Access Technologies LLC and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million in cash.
Access Technologies is a manufacturer, installer and service provider of automatic doors in North America, primarily in the United States and Canada. Its diversified customer base centers on non-residential...