Financial Performance - Allegion reported Q4 2024 net revenues of $945.6 million, a 5.4% increase compared to Q4 2023, with organic revenue growth of 3.5%[2][3] - Net earnings for Q4 2024 were $144.1 million, or $1.65 per share, representing a 23.1% increase in EPS compared to $1.34 in Q4 2023[3][4] - Full-year 2024 net revenues reached $3,772.2 million, up 3.3% from 2023, with organic growth of 2.1%[7][8] - Operating income for Q4 2024 was $184.6 million, compared to $159.7 million in Q4 2023, reflecting a 15.6% increase[25] - Net earnings attributable to Allegion plc for Q4 2024 were $144.1 million, a 21.5% increase from $118.6 million in Q4 2023[25] - Full-year net revenues for 2024 were $3,772.2 million, up 3.3% from $3,650.8 million in 2023[25] - Operating income for 2024 was $780.7 million, with an operating margin of 20.7%, compared to $708.4 million and a margin of 19.4% in 2023[35] - Adjusted EBITDA for the year ended December 31, 2024, was $919.1 million, representing a margin of 24.4%, up from $858.5 million and a margin of 23.5% in 2023[40] - Net earnings attributable to Allegion plc for 2024 were $597.5 million, compared to $540.6 million in 2023, reflecting a growth of 10.5%[35] - Diluted earnings per share for 2024 were $6.82, an increase from $6.12 in 2023, marking a growth of 11.4%[35] Cash Flow and Assets - Available cash flow for 2024 was $582.9 million, a 12.9% increase year-over-year[13] - Cash flow from operating activities for 2024 was $675.0 million, up from $600.6 million in 2023, indicating a 12.4% increase[42] - Total assets as of December 31, 2024, were $4,487.8 million, an increase from $4,311.5 million as of December 31, 2023[26] - Cash and cash equivalents at the end of 2024 were $503.8 million, up from $468.1 million at the end of 2023[28] - Net cash provided by operating activities for 2024 was $675.0 million, compared to $600.6 million in 2023, indicating a strong operational performance[28] Segment Performance - The Americas segment saw a revenue increase of 6.4% in Q4 2024, driven by price realization and volume growth[5] - Allegion Americas segment reported Q4 2024 net revenues of $750.0 million, a 6.5% increase from $704.6 million in Q4 2023[29] - Allegion International segment net revenues for Q4 2024 were $195.6 million, a 1.5% increase from $192.8 million in Q4 2023[29] - The International segment's revenues increased by 1.5%, but organic revenue decreased by 0.7% due to volume decline[6] - Adjusted operating income for Allegion Americas in 2024 was $859.6 million, with a margin of 28.5%, compared to $803.0 million and a margin of 27.5% in 2023[40] - Allegion International reported adjusted operating income of $99.1 million in 2024, slightly up from $96.6 million in 2023, with a margin of 13.0%[40] Future Outlook - Allegion expects 2025 revenues to grow by 1% to 3% on a reported basis and 1.5% to 3.5% organically compared to 2024[15][16] - Full-year 2025 adjusted EPS is projected to be between $7.65 and $7.85, with an effective tax rate of approximately 17% to 18%[16][17] Shareholder Returns - Allegion repurchased approximately 0.7 million shares for about $100 million in Q4 2024 and paid dividends of $0.48 per share[14] Tax and Charges - The effective income tax rate for 2024 was 14.5%, compared to 12.4% in 2023, reflecting an increase in tax expenses[35] - The company incurred $22.1 million in restructuring charges and acquisition costs in 2024, compared to $33.8 million in 2023[35] Revenue Growth Analysis - Total GAAP revenue growth for Allegion was 5.4% in Q4 2024, an increase from 4.2% in Q4 2023[43] - Total organic growth (non-GAAP) for Allegion was 3.5% in Q4 2024, compared to 2.6% in Q4 2023[43] - For the full year 2024, Allegion's total GAAP revenue growth was 3.3%, down from 11.6% in 2023[43] - Allegion's total organic growth (non-GAAP) for the full year 2024 was 2.1%, compared to 5.2% in 2023[43]

Founder of Dividend Mantra. Founder of Mr. Free At 33. Co-Founder of Dividends & Income. I started blogging about my journey to financial independence back in 2011. By living well below my means and intelligently investing my hard-earned capital, I went from below broke at age 27 to financially free at 33 years old. I regularly create content on dividend growth investing, living off of dividends, undervalued high-quality dividend growth stocks, high-yield situations, and other long-term investment opportuni ...

Leading Lock Brand Rated as Most Trusted Door Lock Brand in Annual StudyCARMEL, Ind., Feb. 14, 2025 /PRNewswire/ -- Schlage®, a distinguished leader in home security and access solutions for over a century, has once again been recognized as the most trusted brand in the 2025 America's Most Trusted® Door Locks & Hardware Study conducted by Lifestory Research. This is the sixth straight year that Schlage has been awarded this esteemed recognition, reinforcing its position as the top consumer choice for door l ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Allegion (ALLE) , which belongs to the Zacks Security and Safety Services industry.This security device maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 11.33%.For the last reported quarter, Allegion came out with earnings of ...

Allegion plc (ALLE) stands to benefit from strength across its businesses, focus on operational excellence and acquired assets. The company remains focused on investing in growth opportunities and strengthening its long-term market position.ALLE, which has a market capitalization of $11.2 billion, currently carries a Zacks Rank #2 (Buy). Let’s delve into the factors that have been aiding the firm for a while now.Business Strength: Allegion is seeing strong momentum across its segments. Stable demand across ...

Offering unmatched convenience and security, America's Most Trusted lock brand1 expands its portfolio, redefining home access for a safer, smarter tomorrowLAS VEGAS, Jan. 6, 2025 /PRNewswire/ -- Schlage, a trusted leader in home security and access solutions for over a century, today announced its latest breakthroughs in smart lock technology at the 2025 Consumer Electronics Show (CES): the Schlage Sense Pro™ Smart Deadbolt and the Schlage Arrive™ Smart WiFi Deadbolt. Schlage Sense Pro™ Smart Deadbolt S ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...

Allegion plc (ALLE) is well-positioned to benefit from strength in the Allegion Americas segment and accretive acquisitions. The company’s commitment to reward its shareholders also bodes well.Headquartered in Dublin, Ireland, Allegion is a leading global provider of security products and solutions for business and domestic purposes. The company offers an extensive portfolio of mechanical and electronic security products, including doors and door systems, electronic security products, biometric and mobile a ...

Investors interested in stocks from the Security and Safety Services sector have probably already heard of Allegion (ALLE) and Axon Enterprise (AXON) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with po ...

Investors looking for stocks in the Security and Safety Services sector might want to consider either Allegion (ALLE) or Axon Enterprise (AXON) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision t ...