Tag: tariff
News Poll: Tariffs import costs, export uncertainty
March 7, 2025Ken Showers, Managing Editor
YARMOUTH, Maine – Tariffs on imported goods will likely increase costs for customers, but it’s unclear whether this will create long-term disadvantages, say the respondents to a recent SSN News Poll.
Without a doubt, respondents anticipate there will be an increase in costs when it comes to component prices that will impact their businesses. 39.13% of respondents predict a significant increase in associated costs, while 47.83% predict a slight increase. Only 8.7% believe the...
Allegion rides favorable Americas, ‘active pipeline’ into 2025
March 5, 2025Ken Showers, Managing Editor
DUBLIN — Allegion’s fourth quarter results exceeded expectations thanks to a favorable bump in revenue for the Americas and strategic partnerships and acquisitions bolstering its non-residential business.
Allegion’s revenues in the Americas saw a 6.4% increase in Q4 (4.6% organic).
“Allegion delivered a record year in 2024 – a year marked by consistent, strong execution, solid margin expansion and balanced capital deployment,” said President...
An uncertain political climate
February 13, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY CEO Nico Delvaux believes the company’s “decentralized organization” will help it weather an uncertain political climate that includes U.S. tariffs on steel imports.
“I would say we also continue to live in an uncertain political climate where potential tariffs come and go,” Delvaux said during a recent conference call to discuss the company’s fourth quarter financial results. “That's something we have to live with...
‘Somewhat prepared’: SSN news poll examines integrator challenges, priorities for 2025
January 13, 2025Ken Showers, Managing Editor
YARMOUTH, Maine – Security system integrators expect to have their work cut out for them in the coming year, according to a recent SSN News Poll.
When it comes to challenges to address in 2025, 41.67% of responses said that recruiting and retaining skilled labor is top of mind. Another 33.33% chimed in with their concerns about the rising costs of equipment and installation, and 25% said they worry about adapting to evolving cybersecurity issues.
Regulatory issues and...
Carrier tightens portfolio amid turbulence
December 17, 2024Ken Showers, Managing Editor
PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.
Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.
Similarly,...
Mr. Tariff-ic
November 27, 2024Ken Showers, Managing Editor
I was going to write about 2025 predictions this week, but in the spirit of not supporting Christmas music and decorations hitting stores before Thanksgiving is over, I’m going to let that topic stew a while longer.
Instead, I wanted to touch briefly this week on tariffs. If you’ve been following any sort of news, then I’m certain that’s come up in some fashion. I don’t usually linger on political topics in this blog for the same reason you shouldn’t lick the...