Allegion plc Files Q1 2024 10-Q Report
Ticker: ALLE · Form: 10-Q · Filed: 2024-04-25T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report, debt
TL;DR
Allegion's Q1 2024 10-Q is in. Check financials for Americas & International segments.
AI Summary
Allegion plc filed its 10-Q for the period ending March 31, 2024. The company reported financial results for the first quarter of 2024, detailing revenues and other financial metrics. Key segments like Allegion Americas and Allegion International contributed to the overall performance, with specific mentions of assets such as patents and senior notes.
Why It Matters
This filing provides investors with the latest financial performance data for Allegion plc, crucial for understanding the company's current health and future prospects in the security solutions market.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024-03-31 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 2024-01-01 — Reporting Period Start Date (Indicates the beginning of the financial quarter being reported.)
- 2023-03-31 — Prior Year Quarter End Date (Used for year-over-year comparison of financial performance.)
Key Players & Entities
- Allegion plc (company) — Filer of the 10-Q report
- 20240331 (date) — End of the reporting period
- 20240425 (date) — Filing date of the report
- 7381 (dollar_amount) — Standard Industrial Classification code for Detective, Guard & Armored Car Services
- 001-35971 (dollar_amount) — SEC File Number
- Allegion Americas (company) — Business segment
- Allegion International (company) — Business segment
- 3.5% Senior Notes Due 2029 (dollar_amount) — Debt instrument
FAQ
What were the total revenues for Allegion plc in the first quarter of 2024?
The filing does not explicitly state the total revenue figure in the provided text snippet, but it covers the period from January 1, 2024, to March 31, 2024.
How did Allegion Americas perform in Q1 2024 compared to Q1 2023?
The filing indicates data for Allegion Americas for both the 2024 and 2023 first quarters, suggesting a basis for comparison, though specific performance metrics are not detailed in the snippet.
What is the nature of the '3.5% Senior Notes Due 2029' mentioned?
These are debt instruments issued by Allegion plc, with a coupon rate of 3.5% and a maturity date in 2029.
What is Allegion plc's Standard Industrial Classification (SIC) code?
Allegion plc's SIC code is 7381, which falls under SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES.
When was the 10-Q report for the period ending March 31, 2024, filed?
The report was filed on April 25, 2024.
From the Filing
0001579241-24-000031.txt : 20240425 0001579241-24-000031.hdr.sgml : 20240425 20240425060136 ACCESSION NUMBER: 0001579241-24-000031 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 96 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Allegion plc CENTRAL INDEX KEY: 0001579241 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES [7381] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 981108930 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35971 FILM NUMBER: 24872661 BUSINESS ADDRESS: STREET 1: BLOCK D IVEAGH COURT STREET 2: HARCOURT ROAD CITY: DUBLIN 2 STATE: L2 ZIP: 00000 BUSINESS PHONE: (317) 810-3700 MAIL ADDRESS: STREET 1: C/O SCHLAGE LOCK COMPANY, LLC STREET 2: 11819 N. PENNSYLVANIA STREET CITY: CARMEL STATE: IN ZIP: 46032 10-Q 1 alle-20240331.htm 10-Q alle-20240331 0001579241 12/31 2024 Q1 FALSE 0001579241 2024-01-01 2024-03-31 0001579241 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001579241 alle:ThreePointFivePercentSeniorNotesDue2029Member 2024-01-01 2024-03-31 0001579241 2024-04-22 xbrli:shares iso4217:USD 0001579241 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0001579241 2024-03-31 0001579241 2023-12-31 0001579241 2022-12-31 0001579241 2023-03-31 0001579241 alle:BossDoorControlsAndDorcasMember 2024-01-01 2024-03-31 0001579241 alle:BossDoorControlsAndDorcasMember 2024-03-31 0001579241 alle:PlanoMember 2023-01-03 2023-01-03 0001579241 alle:PlanoMember 2023-01-03 0001579241 alle:AllegionAmericasMember 2023-12-31 0001579241 alle:AllegionInternationalMember 2023-12-31 0001579241 alle:AllegionAmericasMember 2024-01-01 2024-03-31 0001579241 alle:AllegionInternationalMember 2024-01-01 2024-03-31 0001579241 alle:AllegionAmericasMember 2024-03-31 0001579241 alle:AllegionInternationalMember 2024-03-31 0001579241 us-gaap:PatentsMember 2024-03-31 0001579241 us-gaap:PatentsMember 2023-12-31 0001579241 us-gaap:CustomerRelationshipsMember 2024-03-31 0001579241 us-gaap:CustomerRelationshipsMember 2023-12-31 0001579241 us-gaap:TrademarksMember 2024-03-31 0001579241 us-gaap:TrademarksMember 2023-12-31 0001579241 us-gaap:OtherIntangibleAssetsMember 2024-03-31 0001579241 us-gaap:OtherIntangibleAssetsMember 2023-12-31 0001579241 us-gaap:TradeNamesMember 2024-03-31 0001579241 us-gaap:TradeNamesMember 2023-12-31 0001579241 alle:TermLoanMember us-gaap:LineOfCreditMember 2024-03-31 0001579241 alle:TermLoanMember us-gaap:LineOfCreditMember 2023-12-31 0001579241 us-gaap:SeniorNotesMember alle:ThreePointTwoZeroPercentSeniorNotesDue2024Member 2024-03-31 xbrli:pure 0001579241 us-gaap:SeniorNotesMember alle:ThreePointTwoZeroPercentSeniorNotesDue2024Member 2023-12-31 0001579241 us-gaap:SeniorNotesMember alle:ThreePointFiveFivePercentSeniorNotesDue2027Member 2024-03-31 0001579241 us-gaap:SeniorNotesMember alle:ThreePointFiveFivePercentSeniorNotesDue2027Member 2023-12-31 0001579241 alle:ThreePointFivePercentSeniorNotesDue2029Member us-gaap:SeniorNotesMember 2024-03-31 0001579241 alle:ThreePointFivePercentSeniorNotesDue2029Member us-gaap:SeniorNotesMember 2023-12-31 0001579241 us-gaap:SeniorNotesMember alle:FiveFourOneOnePercentSeniorNotesDue2032Member 2024-03-31 0001579241 us-gaap:SeniorNotesMember alle:FiveFourOneOnePercentSeniorNotesDue2032Member 2023-12-31 0001579241 alle:OtherdebtMember 2024-03-31 0001579241 alle:OtherdebtMember 2023-12-31 0001579241 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2024-03-31 0001579241 alle:AmortizationPeriod1Member alle:TermLoanMember us-gaap:LineOfCreditMember 2024-01-01 2024-03-31 0001579241 alle:AmortizationPeriod2Member alle:TermLoanMember us-gaap:LineOfCreditMember 2024-01-01 2024-03-31 0001579241 alle:TermLoanMember us-gaap:LineOfCreditMember 2024-01-01 2024-03-31 0001579241 srt:MinimumMember us-gaap:LineOfCreditMember 2024-01-01 2024-03-31 0001579241 srt:MaximumMember us-gaap:LineOfCredit