Allegion plc (NYSE: ALLE)

Allegion plc is a leading global provider of security products and solutions that keep people and assets safe and secure in the places they live, learn, work and connect. The company designs, manufactures and markets a broad portfolio of door control systems, doors, electronic locks, locksets and related services under more than 40 brands. Its offerings are used in commercial, institutional and residential buildings worldwide.

Allegion generates revenue primarily from the sale of its security and access control products, including door controls, doors and frames, electronic security devices, locks and key systems, as well as from installation, maintenance and software services. The company sells these products and services through a network of distributors, retailers and directly to end users in markets such as education, healthcare, government, hospitality, retail, office and residential sectors. In the fiscal year ended December 31, 2025, Allegion reported net revenues of $4,067.3 million.

The company operates through the following segments: Allegion Americas and Allegion International.

• Allegion Americas segment includes 22 production and assembly facilities located across North and South America, with a significant portion of the company's U. S. residential portfolio manufactured in Mexico under the IMMEX program.

• Allegion International segment comprises 15 production and assembly facilities that serve markets in Europe, Asia, the Middle East, Africa and Oceania.

Allegion holds a strong position in the global security products industry, competing principally against Assa Abloy AB and dormakaba Group, while also facing competition from Fortune Brands Innovations Inc. in the North American residential market and from various private label brands. The company's competitive advantages stem from its broad brand portfolio, continuous innovation, ability to provide customized solutions, high product quality and a responsive global supply chain.

Allegion serves a diverse customer base that includes commercial, institutional and residential end users across sectors such as education, healthcare, government, hospitality, retail, office buildings and single and multi family homes. The company's ten largest customers accounted for approximately 26% of total net revenues in 2025, with no single customer representing 10% or more of sales.