financetom
Business
financetom
/
Business
/
Lockmaker Allegion beats quarterly estimates on strong demand for security devices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lockmaker Allegion beats quarterly estimates on strong demand for security devices
Feb 18, 2025 4:01 AM

Feb 18 (Reuters) - Allegion ( ALLE ) reported

fourth-quarter revenue and profit above Wall Street estimates on

Tuesday, driven by strong demand for its locks, keys and

electronic security systems used in residential and commercial

buildings.

Allegion ( ALLE ) benefited from an increase in demand for the

company's residential products, which was previously subdued due

to a slow housing market in the U.S.

Price hikes for its locks, keys and electronic security

systems also helped the company offset inflation-related costs.

Sales in the company's Americas region, its biggest, rose

6.4% in the quarter. The organic revenue increase was driven by

higher prices and volume growth, Allegion ( ALLE ) said.

Its international business revenue increased 1.5% due to

higher prices, which offset volume decline.

Allegion ( ALLE ) expects its 2025 adjusted profit per share to be

between $7.65 and $7.85, compared with analysts' expectations of

$7.76, according to data compiled by LSEG.

Its fourth-quarter adjusted profit per share was $1.86,

compared with analysts' average expectation of $1.75.

Quarterly revenue rose 5.4% to $945.6 million compared to

the previous year, and above expectations of $938.6 million.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Global film industry shrugs off renewed Trump movie tariff threat
Global film industry shrugs off renewed Trump movie tariff threat
Oct 18, 2025
LONDON/PRAGUE/SYDNEY/LOS ANGELES (Reuters) -Star Wars: Starfighter is filming in Britain, soundstages in Hungary are packed and post-production houses in Australia are humming, as the global film industry keeps rolling despite U.S. President Donald Trump's renewed threats to impose tariffs on movies made outside of the United States. Trump has proposed levying a 100% tariff on films produced overseas to stem...
Bessent, Chinese vice premier to meet to try to defuse US tariff hike
Bessent, Chinese vice premier to meet to try to defuse US tariff hike
Oct 17, 2025
WASHINGTON (Reuters) - U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to forestall an escalation of U.S. tariffs on Chinese goods that President Donald Trump said was unsustainable. Bessent made the announcement during a White House cabinet meeting and later confirmed plans for a...
Trump says 100% tariffs on China not sustainable, still plans to meet Xi
Trump says 100% tariffs on China not sustainable, still plans to meet Xi
Oct 17, 2025
WASHINGTON (Reuters) -U.S. President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable, but blamed Beijing for the latest impasse in trade talks that began with Chinese authorities tightening control over rare-earth exports. Asked whether such a high tariff was sustainable and what that might do to the U.S. economy, Trump replied, It's not...
Sinopec diverts supertanker from US-sanctioned port, ship tracking data shows
Sinopec diverts supertanker from US-sanctioned port, ship tracking data shows
Oct 17, 2025
(Corrects October 13 story to remove reference to Sublime China Information research note) By Florence Tan SINGAPORE (Reuters) -The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, according to ship tracking data and Chinese consultancies. A supertanker carrying oil to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved