Allegion plc

Allegion plc is a leading global provider of security products and solutions that ensure safety and security in various sectors, including commercial, institutional, and residential facilities worldwide. The company's extensive and versatile product portfolio includes locks, locksets, portable locks, key systems, electronic security products, access control systems, time attendance systems, door controls, exit devices, doors, accessories, and other services and software. Allegion's business strategy focuses on delivering custom-configured solutions to meet individual end-user requirements, innovation, integration with popular technology platforms, quality, and delivery capabilities. The company operates in two business segments: Allegion Americas and Allegion International. Allegion Americas provides security products, services, and solutions primarily throughout North America, while Allegion International offers these services in Europe, Asia, and Oceania. Allegion's website is allegion.com, and its ticker symbol is ALLE on the New York Stock Exchange. Allegion's success depends on factors such as brand and reputation, product breadth, innovation, integration with technology platforms, quality and delivery capabilities, price, and service capabilities. The company sells most of its products and solutions through distribution and retail channels, with its 10 largest customers representing approximately 25% of its total net revenues. Allegion manufactures products in several geographic markets around the world and distributes them through a broad network of channel partners. The company operates 31 principal production and assembly facilities, with approximately 7.6 million square feet of active properties, of which approximately 48% is leased. Allegion is committed to investing in research and development to introduce new products and solutions and continuously improve product cost, quality, safety, and sustainability. The company's human capital strategy focuses on creating a differentiated employee experience to attract and retain the right talent. Allegion offers competitive compensation and benefits packages, performance-based incentives, long-term equity incentive plans, retirement benefits, insurance, disability and family leave, health and wellness programs, education benefits, and additional offerings to support financial stability and personal planning. Allegion's business experiences seasonality that varies by product and service line, with construction and DIY projects typically driving higher sales in the second and third calendar quarters in the Northern Hemisphere. The company has approximately 12,400 employees worldwide, with approximately 48% of employees based in the U.S. and approximately 52% based outside the U.S. Among its U.S.-based employees, approximately 15% are subject to collective bargaining agreements with various labor unions. Outside the U.S., Allegion has employees in certain countries that are represented by employee representative organizations.