Allegion raised its annual profit forecast on Wednesday after price increases and solid demand for its electric security devices helped it beat quarterly earnings estimates.The company, whose products range from security doors and automated entrance solutions to electronic locks, now expects full-year adj
Allegion raised its annual profit forecast on Wednesday after price increases and solid demand for its electric security devices helped it beat quarterly earnings estimates.
"We expect end markets will be stable with continued strong demand for our electronic solutions," CEO John Stone said. Much of its non-residential business has come from Access Technologies, the company it acquired in July last year. Access Technologies contributed $96.1 million or more than 16 per cent to total Americas growth.
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