ALLE strengthens its global electronics portfolio with $379.1M ELATEC buyout, targeting RFID reader and credential solutions growth.
Allegion (ALLE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Allegion (ALLE) and Crown Holdings (CCK) have performed compared to their sector so far this year.
Allegion benefits from resilient non-residential markets and strategic buys bolstering its Americas segment, but rising costs and forex headwinds pose risks.
ALLE to acquire ELATEC to expand its RFID reader offerings and strengthen the Allegion International segment's reach.
ALLE acquires Novas to expand its door hardware portfolio and enhance the Allegion International segment's footprint.
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The Zacks Security and Safety Services industry gains from growing awareness of safety and security among people. ALLE, MSA, LIF and ALRM are some notable stocks in the industry.
ALLE is set to benefit from strength across its segments. However, increasing expenses remain a concern.
Allegion's Q1 2025 topline grew 5.4% YoY, driven by strong performance in the Americas segment, despite international segment headwinds. The company's core Americas segment continues to show healthy demand, supporting overall topline growth and offsetting international weaknesses. Strategic acquisitions and continued focus on product innovation are expected to bolster long-term growth.
Allegion plc (NYSE:ALLE ) Q1 2025 Earnings Conference Call April 23, 2025 8:00 AM ET Company Participants Josh Pokrzywinski - Vice President of Investor Relations John Stone - President & Chief Executive Officer Mike Wagnes - Senior Vice President & Chief Financial Officer Conference Call Participants Joe Ritchie - Goldman Sachs Timothy Wojs - Baird Jeffrey Sprague - Vertical Research Partners Joe O'Dea - Wells Fargo Securities Brett Linzey - Mizuho Securities Julian Mitchell - Barclays Christopher Snyder - Morgan Stanley Andrew Obin - Bank of America Operator Good morning and welcome to the Allegion First Quarter 2025 Earnings Call. All participants will be in listen-only mode.
ALLE's first-quarter revenues increase 5.4% year over year, driven by solid momentum in the non-residential business in the Americas region.