M&A - Allegion plc

Form Type: 10-Q

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000157924125000021

Filing Summary: Allegion plc filed its quarterly report on Form 10-Q for the period ended March 31, 2025. The report includes the financial statements for the three months ended March 31, 2025, showing net revenues of $941.9 million, an increase from $893.9 million in the same period the prior year. Net earnings attributable to Allegion plc were $148.2 million, with earnings per share of $1.72, compared to $1.41 in the prior year. During the quarter, Allegion made significant acquisitions, purchasing Next Door Company for approximately $11.1 million and Lemaar Pty Ltd, expanding its footprint in the security products market. The report highlights an increase in total assets to $4,564.1 million, with total liabilities at $2,957.2 million, reflecting a strong balance sheet. The company indicated compliance with all covenants under its credit agreements as of the reporting date. Furthermore, the number of outstanding ordinary shares was noted as 86,049,290 as of April 22, 2025, showcasing the company's ongoing capital management strategies including share repurchases.