Allegion said net revenues for the 3 months ended June 30, 2025 increased 5.8%, or $56.4 million, compared with the same period in the prior year. Operating income increased $10.7 million, but operating margin declined to 21.5% from 21.6% in the same period of the prior year.

1. 01

   Allegion said net revenues for the 3 months ended June 30, 2025 increased 5.8%, or $56.4 million, compared with the same period in the prior year. Operating income increased $10.7 million, but operating margin declined to 21.5% from 21.6% in the same period of the prior year.

2. 02

   The company said Allegion Americas segment net revenues for the 3 months increased 6.6%, or $50.8 million, compared with the same period in the prior year, and segment operating margin rose to 28.8% from 27.8% in the same period of the prior year. Non-residential product revenues increased by a high-single digits percent and residential product revenues decreased by a mid-single digits percent.

3. 03

   Allegion said it acquired Next Door, Lemaar, Trimco and Novas during the 6 months ended June 30, 2025, and completed the acquisition of ELATEC, a Germany-based manufacturer of security and access technology, on July 1. The closing purchase price of the ELATEC acquisition was €330.0 million (approximately $389.0 million), financed with cash on hand and borrowings under the Revolving Facility.

4. 04

   The company said net cash provided by operating activities for the 6 months ended June 30, 2025 increased $90.1 million compared with the same period in the prior year. During the same period, it paid dividends of $1.02 per ordinary share and repurchased approximately 0.6 million shares for $80.0 million. As of June 30, the Revolving Facility had $76.0 million outstanding, and on July 3 the company borrowed an additional $72.0 million on the Revolving Facility.

Key figures

Quarter ended June 30, 2025

Revenue

$1.0B

Operating income

$220M

Net income

$160M

EPS

$1.85

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). 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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