Allegion plc Overview
Pro stress-test →Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The company's comprehensive portfolio of hardware, software and electronic solutions is sold around the world and spans residential and commercial locks, door closer and exit devices, steel doors and frames, access control and workforce productivity systems. The company benefits from secular growth in building security and smart access solutions.
Strategic Profile
Pro stress-test →To own Allegion, you need to believe in the long term demand for secure access solutions and the company's ability to shift its mix toward higher value electronics and software. In fiscal 2024, Allegion generated over 75% of sales in the United States, with exposure to nonresidential construction cycles. The company has demonstrated pricing power and selective M&A capability, including acquisition of Stanley Access Technologies in 2022 which expanded Allegion's presence in the automatic entrance solutions market.
Competitive Landscape
Pro stress-test →The company primarily competes with Sweden-based Assa Abloy, Switzerland-based Dormakaba, and US-based Fortune Brands Innovations. Allegion maintains strong market position in North America through iconic Schlage brand, with growing electronic and software-enabled solutions differentiating it in the sector. Competition remains intense in both mechanical hardware and emerging smart access markets.
Industry Context
Allegion plc operates in Security Products & Access Control Systems.
Key facts
Founded: 1908 · Headquarters: Dublin, Ireland · Employees: 14,400 · Revenue: $3.98B · Market cap: $15.4B