Allegion said net revenues for the 3 months ended March 31, 2025 increased 5.4%, or $48.0 million, compared with the same period in the prior year. The company cited higher volumes, the impact from acquisitions and improved pricing as factors, which were partially offset by unfavorable foreign currency exchange rate movements.

1. 01

   Allegion said net revenues for the 3 months ended March 31, 2025 increased 5.4%, or $48.0 million, compared with the same period in the prior year. The company cited higher volumes, the impact from acquisitions and improved pricing as factors, which were partially offset by unfavorable foreign currency exchange rate movements.

2. 02

   Allegion said operating income for Q1 2025 increased $24.3 million compared with the same period in the prior year, and operating margin rose to 19.3% from 20.9%. The company cited favorable volume and product mix, the favorable impact of acquisitions, favorable foreign currency exchange rate movements and lower acquisition, integration and restructuring expenses as factors.

3. 03

   Allegion said net revenues for Allegion Americas in Q1 2025 increased 6.8%, or $48.5 million, and segment operating margin rose to 26.4% from 27.9%. Net revenues for Allegion International decreased 0.3%, or $0.5 million, and segment operating margin fell to 7.0% from 6.3%.

4. 04

   Allegion said it acquired Next Door on February 4 and Lemaar on March 1 during Q1 2025. The company paid dividends of $0.51 per ordinary share and repurchased approximately 0.3 million shares for $40.0 million. Net cash provided by operating activities increased $53.4 million compared with the same period in the prior year, and the outstanding balance on the Term Facility as of March 31, 2025 was $209.4 million.

Key figures

Quarter ended March 31, 2025

Revenue

$942M

Operating income

$196M

Net income

$148M

EPS

$1.71

Operating cash flow

$105M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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