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Spun off from Ingersoll Rand in 2013, , the NYSE listed Allegion group focuses specifically on security around the door and adjacent areas, offering a range of solutions under numerous brands for residential and commercial buildings around the world. In this research note we examine Allegion based on their 2021 10K Report, released last week, as well as Q4 investor presentations and other company information across the course of a challenging year for the global economy. Full-year 2021 net revenues of $2.87 billion increased 5.4%, compared with the prior year and were up 4.5% on an organic basis. The revenue increases were primarily driven by continued, strong end-market demand and COVID19 pandemic related pressures in the prior year, which easily offset the impact of ongoing supply-chain related revenue delays. Full-year 2021 net earnings were $483 million or $5.34 per share, compared with $314.3 million or $3.39 per sharefor the prior year. While Full-year 2021 operating margin was 18.5%, compared with […]
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Several smart building startups will trial energy efficiency, HVAC optimization, and energy storage technology across Amazon fulfillment centers and warehouses in Europe after winning funding in this year’s Amazon Sustainability Accelerator (ASA). The 2024 ClimateTech Pilot Challenge has welcomed startups that have moved beyond prototype testing and are working towards generating initial revenue and growing […]
This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]
In today’s complex commercial real estate landscape, energy management has become a critical focus for asset managers, property managers, and facilities managers. As urbanization accelerates, energy demand grows, and the energy market becomes more volatile, optimizing energy use is no longer just about lowering costs, it has become a key factor in achieving sustainability, resource […]
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