Company Overview of Allegion Plc
Allegion Public Limited Company manufactures and sells mechanical and electronic security products and solutions worldwide. It provides locks, locksets, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; video analytics; doors and door frames; and other accessories. The company sells its products to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets under the strategic brands, such as Schlage, Von Duprin, LCN, CISA, and Interflex, as well as Stee...
Founded in 2013
Key Executives for Allegion Plc
Chairman, Chief Executive Officer and President
Total Annual Compensation: $900.0K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $500.0K
Senior Vice President of Americas Operations and President of The Americas Region
Total Annual Compensation: $618.7K
Senior Vice President of Asia Pacific
Total Annual Compensation: $517.0K
Senior Vice President of Global Operations & Integrated Supply Chain
Total Annual Compensation: $483.1K
Compensation as of Fiscal Year 2014.
Allegion Plc Key Developments
Allegion, plc Declares Quarterly Dividend, Payable on September 30, 2015
Sep 2 15
Allegion, plc announced that its board of directors declared a quarterly dividend of $0.10 per ordinary share of the company. The dividend is payable on September 30, 2015, to shareholders of record on September 16, 2015.
Allegion Plc Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015
Jul 30 15
Allegion Plc announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $519.5 million against $531.5 million a year ago. Operating income was $95.7 million against $89.3 million a year ago. Earnings before income taxes was $84 million against $77.8 million a year ago. Earnings from continuing operations was $65 million against $54.7 million a year ago. Net earnings attributable to company was $63.9 million or $0.66 diluted per share against $43.2 million or $0.44 diluted per share a year ago. Net earnings attributable to continuing operations was $63.9 million or $0.66 diluted per share against $51.2 million or $0.53 diluted per share a year ago. Adjusted EBITDA was $112.3 million against $112.4 million a year ago. Adjusted operating income was $101.2 million against $101.3 million a year ago. EBITDA was $106.4 million against $93.4 million a year ago.
For six months, the company reported net revenues of $978.2 million against $998.1 million a year ago. Operating income was $166.7 million against $157.1 million a year ago. Earnings before income taxes was $140.3 million against $132.6 million a year ago. Earnings from continuing operations was $108.9 million against $93.1 million a year ago. Net earnings attributable to company was $109.3 million or $1.13 diluted per share against $79 million or $0.81 diluted per share a year ago. Net earnings attributable to continuing operations was $109.5 million or $1.13 diluted per share against $87.8 million or $0.90 diluted per share a year ago. Net cash from operating activities was $33.2 million against $63.8 million a year ago. Capital expenditures were $18.6 million against $26 million a year ago. Adjusted EBITDA was $198.5 million against $200.6 million a year ago. Adjusted operating income was $176.4 million against $178.4 million a year ago. EBITDA was $184.1 million against $171.6 million a year ago. The year-over-year decrease in available cash flow primarily reflects increases in working capital, mostly timing related, partially offset by a decrease in capital expenditures.
For 2015, the company is updating its guidance for reported EPS from continuing operations to a range of $2.51 to $2.63 and adjusted EPS of $2.70 to $2.80. Full-year 2015 reported revenues are forecasted to decline 2.5 to 3.5%, reflecting unfavorable foreign exchange rates and the Venezuelan devaluation. The improvement in total revenue projections versus prior guidance reflects the stronger Americas organic volume and inclusion of the previously announced acquisition of Brio to the Asia Pacific outlook. Furthermore, the guidance assumes a full-year effective tax rate of approximately 22% from continuing operations, as well as an average diluted share count for the full year of approximately 97 million shares. The company continues to target available cash flow of approximately 95% of net earnings from continuing operations.
Allegion Plc to Report Q2, 2015 Results on Jul 30, 2015
Jun 22 15
Allegion Plc announced that they will report Q2, 2015 results at 9:00 AM, GMT Standard Time on Jul 30, 2015
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