Allegion plc

Listed Company

ALLECIK 0001579241NYSELarge AcceleratedServices-Detective, Guard & Armored Car ServicesL2FY ends Dec 31

Period

FY 2025

Revenue

$4.07B

Net Income

$643.80M

Total Assets

$5.22B

Equity

$2.07B

Shares Out

85.94M

Op. Cash Flow

$783.80M

Business

Allegion plc is a global provider of security products and solutions that protect people and assets and enable secure, seamless access across residential, commercial and institutional settings. It offers door controls and exit devices, doors and glass systems, electronic access control products, locks and key systems, and related services and software including maintenance, SaaS access platforms and workforce management. The company reports results through two segments, Allegion Americas and Allegion International, which encompass its portfolio and brand operations. Allegion sells worldwide through distribution and retail channels, e-commerce, and direct service offerings to end-users.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	4,067	3,772	3,651	3,272	2,867
Cost of goods sold	2,229	2,104	2,069	1,950	1,663
Selling and administrative expenses	979	888	866	736	675
Impairment of intangible assets	0	0	8	0	0
Operating income	860	781	708	586	530
Interest expense	101	102	93	76	50
Other income, net	−10	−20	−2	−12	−44
Earnings before income taxes	768	699	617	515	524
Provision for income taxes	125	101	77	56	41
Net earnings	644	598	541	458	483
Less: Net earnings attributable to noncontrolling interests	0	0	200,000	300,000	300,000
Net earnings attributable to Allegion plc	644	598	540	458	483
Currency translation	130	−74	34	−76	−63
Unrealized net (losses) gains arising during period	−2	3	400,000	6	3
Net gains reclassified into earnings	−1	−700,000	−1	−300,000	−200,000
Tax benefit (expense)	600,000	−700,000	500,000	−200,000	−600,000
Total cash flow hedges, net of tax	−2	1	−500,000	5	2
Prior service costs and net actuarial gains (losses), net	3	−4	−9	−39	26
Amortization reclassified into earnings	5	5	4	500,000	5
Settlements/curtailments reclassified into earnings	0	100,000	400,000	0	500,000
Currency translation and other	−8	3	−5	8	1
Tax (expense) benefit	−2	−400,000	2	9	−8
Total defined benefit plan adjustments, net of tax	−2	3	−9	−21	24
Other comprehensive income (loss), net of tax	126	−70	24	−92	−37
Total comprehensive income, net of tax	770	527	565	366	446
Less: Total comprehensive income attributable to noncontrolling interests	0	0	200,000	−400,000	400,000
Total comprehensive income attributable to Allegion plc	770	527	565	367	446
Net earnings (in dollars per share)	7.48	6.85	6.15	5.2	5.37
Net earnings (in dollars per share)	7.44	6.82	6.12	5.19	5.34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	356	504	468	288	398
Accounts and notes receivable, net	438	419	413	396	283
Inventories	519	423	439	479	380
Current tax receivable	30	30	9	8	29
Other current assets	49	47	33	40	27
Total current assets	1,392	1,422	1,361	1,215	1,118
Property, plant and equipment, net	445	385	358	309	284
Goodwill	1,912	1,489	1,443	1,413	804
Intangible assets, net	826	569	573	609	448
Deferred and noncurrent income taxes	322	331	293	228	155
Other noncurrent assets	327	290	284	218	244
Total assets	5,224	4,488	4,312	3,991	3,051
Accounts payable	245	258	259	281	259
Accrued compensation and benefits	152	118	135	135	118
Accrued expenses and other current liabilities	324	275	258	248	200
Current tax payable	34	24	15	28	12
Short-term borrowings and current maturities of long-term debt	200,000	22	413	13	13
Total current liabilities	755	697	1,080	704	601
Long-term debt	1,980	1,978	1,602	2,082	1,430
Postemployment and other benefit liabilities	44	39	44	40	69
Deferred and noncurrent income taxes	166	98	94	102	101
Other noncurrent liabilities	211	176	173	120	88
Total liabilities	3,156	2,987	2,993	3,047	2,289
Ordinary shares, $0.01 par value (86,066,997 and 86,254,744 shares issued and outstanding at December 31, 2025 and 2024, respectively)	900,000	900,000	900,000	900,000	900,000
Capital in excess of par value	34	0	0	14	0
Retained earnings	2,238	1,831	1,579	1,213	953
Accumulated other comprehensive loss	−206	−332	−262	−286	−194
Total equity	2,068	1,501	1,318	945	762
Total liabilities and equity	5,224	4,488	4,312	3,991	3,051

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	133	119	112	98	83
Share-based compensation	30	28	26	25	23
Unrealized (gain) loss on investments, net	−900,000	1	800,000	200,000	−26
Deferred income taxes	−10	−44	−68	−71	−44
Other items	7	−2	−800,000	13	8
Accounts and notes receivable	24	−7	−12	−53	32
Inventories	−39	17	45	−62	−106
Accounts payable	−34	4	−34	3	40
Other assets and liabilities	30	−38	−17	43	−6
Net cash provided by operating activities	784	675	601	460	489
Capital expenditures	−98	−92	−84	−64	−45
Acquisition of and equity investments in businesses, net of cash acquired	−592	−137	−32	−923	−7
Other investing activities, net	5	900,000	−13	−7	13
Net cash used in investing activities	−686	−228	−129	−994	−32
Debt repayments	−216	−413	−13	−13	−239
Proceeds from Revolving Facility	562	0	30	340	0
Repayments of Revolving Facility	−371	0	−99	−271	0
Proceeds from issuance of Senior Notes	0	400	0	600	0
Repayments of debt, net	−26	−13	−82	656	11
Debt financing costs	−1	−8	0	−10	−2
Dividends paid to ordinary shareholders	−175	−167	−159	−144	−129
Proceeds from Stock Options Exercised	24	15	1	—	—
Other financing activities, net	−8	−1	200,000	−1	3
Net cash used in financing activities	−267	−395	−299	437	−529
Effect of exchange rate changes on cash and cash equivalents	21	−16	7	−12	−10
Net (decrease) increase in cash and cash equivalents	−148	36	180	−110	−83

Filings

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