Allegion plc is a leading global provider of security products and solutions that keep people and assets safe and secure in the places they live, learn, work and connect. The company offers an extensive portfolio of security and access control products and solutions across a range of market-leading brands. Allegion's experts deliver high-quality security hardware, software, services and systems, and they use their deep expertise to serve as trusted partners to end-users who seek customized solutions to their security needs. The company operates in two segments: Allegion Americas and Allegion International.

• Employees: 12,400 (as of December 31, 2023)
• Geographic Footprint: Primarily throughout North America, Europe, Asia and Oceania
• Headquarters: Dublin, Ireland
• Founded: 2013
• Number of locations/facilities: 31 principal production and assembly facilities
• Revenue: $3.65 billion (FY2023)
• Key Subsidiaries/Brands: CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®

• CEO: John H. Stone
• CFO: Michael J. Wagnes
• Board Chair: Kirk S. Hachigian

• Annual Revenue: $3.65 billion (FY2023)
• Net Income: $540.4 million (FY2023)
• Total Assets: $4.31 billion (as of December 31, 2023)
• Employees: 12,400 (as of December 31, 2023)
• Key Financial Highlights: Net revenues increased by 11.6%, or $378.9 million, as compared to the year ended December 31, 2022. Operating income increased $122.0 million as compared to the year ended December 31, 2022.

Allegion offers a wide range of security and access control products and solutions:

• Locks, locksets, portable locks and key systems: A broad array of cylindrical, tubular and mortise door locksets, security levers and master key systems, and portable security products.
• Electronic security products and access control systems: A broad range of electrified locks, electrified door closers and exit devices, access control products and systems, credentials and credential readers and accessories, including IoT, Bluetooth Low Energy, Power over Ethernet and cloud-based solutions.
• Time, attendance and workforce productivity systems: Products designed to help business customers manage and monitor workforce access, attendance and employee scheduling.
• Door controls and systems and exit devices: An extensive portfolio of life-safety products and solutions generally installed on fire doors and facility entrances and exits.
• Doors, accessories and other: A portfolio of hollow metal, glass and specialty doors, as well as a variety of additional security products and components.
• Services and software: Extensive planned inspection, maintenance and repair services for automatic entrance solutions; software as a service offerings, including access control, IoT integration and workforce management solutions.

Allegion operates in two segments:

• Allegion Americas: Provides security products, services and solutions throughout North America.
• Allegion International: Provides security products, services and solutions primarily throughout Europe, Asia and Oceania.

In FY2023, Allegion Americas generated net revenues of $2.91 billion and Allegion International generated net revenues of $737.2 million.

Allegion's strategy includes a focus on innovation, strategic acquisitions, and operational excellence. The company invests in research and development to introduce new products and solutions. Key strategic initiatives include expanding into new international markets, developing new and unproven technologies, and forming new alliances with companies to develop and distribute products and services. The company is focused on improving efficiency and productivity through the implementation of new processes and enterprise excellence projects.

Allegion operates in the security products industry, which is highly competitive and fragmented. Key competitors include Assa Abloy AB and dormakaba Group. The industry is influenced by trends such as increased concerns about safety and security, new attention on touchless solutions, and technology-driven innovation. Allegion competes on factors including brand and reputation, product breadth, innovation, quality and delivery capabilities, and price.

• Market Position: Leading global provider of security products and solutions
• Key Competitors: Assa Abloy AB, dormakaba Group, Fortune Brands Innovations, Inc.
• Industry Trends: Increased concerns about safety and security, new attention on touchless solutions, and technology-driven innovation.

• Economic Risks: Ongoing macroeconomic challenges, including supply chain disruptions, inflation, and rising interest rates, could adversely impact the business.
• Market Risks: Demand for products is impacted by the strength of institutional, commercial and residential construction and remodeling markets.
• Financial Risks: Currency exchange rate fluctuations, increased prices and inflation, and instability in capital and credit markets could negatively impact financial results.
• Operational Risks: Increased competition, including from technological developments, could adversely affect the business.
• Strategic Risks: The company's growth is dependent on the development, commercialization and acceptance of new products and services.
• Cybersecurity Risks: Disruptions or breaches of information systems could adversely affect the business.