Allegion plc is a multinational security products and solutions company, based in Dublin, Ireland.
The company has a range of products, from commercial and residential locks, exit devices, steel frames and doors, and access control systems.
Allegion focuses on providing solutions for the education, healthcare, government, hospitality, commercial office and single and multi-family residential markets.
Allegion plc operates more than 23 brands, sold in over 120 countries across the globe, with a team of 8,500 dedicated employees.
The company itself was created as a spin off from Ingersoll Rand Plc, on Dec. 1, 2013. It became a standalone, publicly traded company on the New York Stock Exchange (NYSE).
Its key strategic brands are Schlage®, Von Duprin®, LCN®, CISA® and Interflex®. Its portfolio of brands have been at the forefront of security for over a century, having invented the “panic release bar” exit device in 1908 and producing the first-ever electric-controlled lock.
Overview
- Chairman, President, and CEO: David D. Petratis
- Industry: Security solutions
- Type: Public company
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: ALLE
- S&P 500 Component
- Created: 2013
- Revenue: $2.118 billion USD (2014)
- Net earnings: $172.6 million USD (2014)
- Earnings per share: $1.82 USD (2014)
- Company head office: Block D, Iveagh Court, Harcourt Road, Dublin, Ireland
- Employees: 8,500 (2014)
- Website: http://www.allegion.com/
- Investor relations number: +1.317.810.3700
Allegion plc Financial Results, Years Ended December 31
| Operating data (in $ millions) | 2014 | 2013 |
| Revenue | $2,118.3 | $2,069.6 |
| Cost of goods sold | $1,264.6 | $1,208.1 |
| Selling and administrative expenses | $527.4 | $483.1 |
| Operating income | $326.3 | $240.8 |
| Earnings before income taxes | $267.9 | $223.4 |
| Provision for income taxes | $84.2 | $175 |
| Earnings from continuing operations | $183.7 | $48.4 |
| Net earnings | $172.6 | $44.8 |
| Net earnings attributable to Allegion plc | $175.2 | $32.3 |
| Balance sheet data (in $ millions) | ||
| Total assets | $2,015.9 | $2,000.6 |
| Total liabilities | $1,997.4 | $2,035.6 |
| Total stockholders’ equity (deficit) | $(4.8) | $(66.1) |
| Common share data (in $) | ||
| Basic earnings per share | $1.82 | $0.34 |
| Diluted earnings per share | $1.80 | $0.34 |
| Cash flow data (in $ millions) | ||
| Net cash provided by operating activities | $255.9 | $223.9 |
| Net cash used for investing activities | $(34.8) | $(18.7) |
| Net cash used for financing activities | $(150.0) | $(292.4) |
| Cash and cash equivalents at beginning of year | $227.4 | $317.5 |
| Cash and cash equivalents at end of year | $290.5 | $227.4 |
Source: “Allegion plc Form 10-K 2014”