Tag: John H. Stone
Allegion Q4 report shows a return to trends
February 23, 2024SSN Staff
DUBLIN – Allegion, a global security products and solutions provider, have reported on the financial results for its fourth quarter (Q4) (ended Dec. 31, 2023).
The company reported fourth-quarter 2023 net revenues of $897.4 million and net earnings of $118.6 million, or $1.34 per share. Adjusted net earnings were $148.5 million, or $1.68 per share, down 0.6%, excluding charges related to restructuring, acquisition and integration costs and other non-cash impairment charges, as well as amortization...
Allegion Ventures invests $20 million in Ambient.ai
October 30, 2023SSN Staff
CARMEL, Ind.—Allegion Ventures, the corporate venture fund of Allegion plc, has made a $20 million investment in Ambient.ai, an artificial intelligence-powered computer vision intelligence (CVI) company.
Based in San Jose, Calif., Ambient.ai applies AI and CVI to existing security camera infrastructure, allowing their platform to deliver near human-level visual perception that analyzes actions and situational context to create efficient and accurate threat detection.
Allegion...
Allegion provides report on Q3 2022 financial results
October 27, 2022Ken Showers, Managing Editor
DUBLIN – Allegion plc released its third quarter fiscal 2022 financial results on Oct. 27, as well as a revised outlook for the remainder of 2022.
The company saw a net earnings per share (EPS) of $1.30 compared to $1.59 in 2021, with an adjusted EPS of $1.64, up roughly 5 percent from $1.56 in 2021. Allegion posted Q3 2022 revenues of $913.7 million, up 27.4 percent reported and 18.6 percent organically.
“Allegion delivered a very strong...
Allegion announces CEO succession
May 31, 2022SSN Staff
DUBLIN—Allegion plc, a leading global provider of security products and solutions, today announced that John H. Stone will succeed David D. Petratis as president and CEO, effective July 11, 2022.
Stone will also become a member of the company’s Board of Directors at that time, and Petratis will serve as executive chairman until his retirement, which is expected by Jan. 2, 2023.
Petratis has led Allegion since its spin-off from the former Ingersoll Rand in 2013, capping off a distinguished...