Every material Form 8-K Allegion filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Allegion increased its board to nine directors and appointed Gregg C. Sengstack, effective December 4, 2024. Sengstack is executive chairperson of Franklin Electric and was its CEO from 2014 to July 2024; the filing describes him as independent under NYSE standards.
Sengstack appointed to the Board on December 4, 2024; board size increased to nine directors
He joins the Audit and Finance, Compensation and Human Capital, and Corporate Governance and Nominating committees
Board includes eight independent directors after the appointment, according to the press release
Sengstack will receive compensation under the non-employee director program
Allegion reported third-quarter 2024 revenue of $967.1 million, up 5.4% from a year earlier, and diluted EPS of $1.99, up 12.4%. The company raised its full-year 2024 adjusted EPS outlook to $7.35 to $7.45 and affirmed its reported revenue growth and available cash flow outlook, which matters to shareholders because it signals higher expected earnings for the year.
Q3 2024 revenue $967.1 million, up 5.4% reported and up 3.3% organic
Diluted EPS $1.99 vs. $1.77; adjusted EPS $2.16, up 11.3%
Full-year 2024 adjusted EPS outlook raised to $7.35 to $7.45; reported revenue growth affirmed at 2.5% to 3.5%
Year-to-date available cash flow $388.0 million, up $67.6 million; full-year outlook affirmed at $540 to $570 million
Allegion reported second-quarter 2024 revenue of $965.6 million, up 5.8%, and net earnings of $1.77 per diluted share, up 9.9% from $1.61. The company raised its full-year 2024 reported revenue growth and adjusted EPS outlook, which benefits shareholders by signaling stronger expected earnings for the year.
Q2 adjusted EPS of $1.96, up 11.4% from $1.76; adjusted operating margin of 23.7%, up 150 basis points
Full-year 2024 adjusted EPS outlook raised to $7.15 to $7.30; reported revenue growth raised to 2.5% to 3.5%
Available cash flow outlook affirmed at approximately $540 million to $570 million
Allegion US Holding Company issued $400 million of 5.600% senior notes due 2034, guaranteed by parent Allegion plc. The company expects to use the proceeds to repay at maturity its $400 million of 3.200% senior notes due October 2024, so the deal refinances existing debt rather than adding a stated amount of new borrowing to fund other uses.
Notes issued May 29, 2024 under an indenture with U.S. Bank Trust Company as trustee; maturity May 29, 2034
Interest of 5.600% paid semi-annually, starting November 29, 2024
Proceeds expected to repay $400 million of 3.200% senior notes maturing October 2024
Holders can require repurchase at 101% of principal upon a Change of Control Repurchase Event
Allegion entered an amended and restated credit agreement that increases its revolving credit facility to $750 million and extends its maturity to May 20, 2029. The company also said the term loan's interest rate benchmark will change to Term SOFR, and it described the new facility as similar in terms to the $500 million facility it replaces. The filing reports no earnings or guidance figures, so the change is a financing update rather than a change in operating results.
Revolving commitments increase to $750.0 million from the prior $500 million facility
Revolving facility maturity extended to May 20, 2029
Term loan had $221.9 million outstanding as of March 31, 2024 and continues to mature on November 18, 2026
Term loan interest benchmark changes from Bloomberg Short-Term Bank Yield Index to Term Secured Overnight Financing Rate
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Allegion filing is on SEC EDGAR ↗. 8-K briefs of other companies →