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Allegion 2022 Annual Report & More
“With more than 40 billion openings to secure across the globe, Allegion is well-positioned to provide the most seamless experiences possible, whether carrying a metal key or a digital identity in a smartphone wallet… Combining our best-in-class hardware – which is intrinsic to physical security – with the transformational potential of our electronics, software and services, Allegion has a compelling and differentiated growth opportunity.”
John H. Stone
President & Chief Executive Officer
In 2022, Allegion delivered record total revenue, record adjusted operating income and record adjusted earnings per share. Explore below to see key performance metrics from the year and learn more about the achievements that showcase our company’s resiliency.
Innovation fuels our company’s growth and is behind each step we take toward achieving our vision of enabling seamless access and a safer world. This innovation is deeply rooted in centuries of experience in creating new product categories, leveraging new technologies and partnering to develop better ideas – all to help keep people and their property safe, no matter where they are. Today, innovation is a common thread across our four strategic growth pillars: Build on our legacy; Be the partner of choice; Deliver new value in access; Operate with excellence. Learn more below.
Vision
Enabling seamless access and a safer world
Strategy
Allegion creates value as a solutions provider of security and access
Extend leadership in demand creation
Be the trusted advisors in the market
Invest in our flagship brands
Scale hardware and software platforms globally
Serve the communities where we work and live
Drive industry-first innovation
Expand market leadership with software and service solutions
Generate value through insights gained at the opening
Advance skills and capabilities
Develop and nurture strategic partnerships for profitable growth
Influence secure, industry-shaping platforms
Leverage strength as a manufacturer for competitive advantage
Deliver excellent customer experience
Maintain industry-leading growth and profitability
Advance our culture of safety, inclusion, empowerment and sustainability
Foster continuous growth and development
At Allegion, we leverage in-house capabilities in industrial design, engineering, information technology and intelligent manufacturing to build innovative solutions that help keep people and their property safe around the world. Swipe through to look at new product launches that showcase innovations that entered the market in 2022.
An innovation in bike safety, the AXA Fold Lite is both foldable and easy to handle, now available in Europe and the U.K.
The Briton 5700 Series is a collection of high-quality cylinder mortice lockcases that offer unrivalled functionality and performance in medium- to high-use applications, now available in the U.K.
The CISA eFAST Motorised Mortice Antipanic Solution provides easy and assisted access to a full range of credential devices to improve control and temporized opening, now available in Italy.
Smart access functionalities were integrated in CISA’s ACS platform solutions for both its cloud service, AERO, and on-premise hardware, eSERVER. These hospitality market upgrades allow customers and end-users to take advantage of digital credentials along with standard physical credentials. Now available in Italy.
ISONAS Pure Access introduced new support that allows seamless integration with Schlage Mobile Credentials. It also improved functionality with Schlage’s NDE and LE wireless locks.
The Kryptonite Evolution 790 Folding Lock features a 360-degree rotating lock head and hardened steel design for high-security lock ups, now available in the U.S., U.K. and throughout Europe.
Legge 991 Multifunction Mortice Lock is the next generation of the flagship 990 lock compatible with QuickFix technology complete with the easily configurable anti-lockout feature, designed and assembled in New Zealand.
Schlage Encode Plus™ Smart WiFi Deadbolt is the first on the market to work with Apple home keys, now available in the U.S.
Schlage’s FSS1 High Security Door Position Sensors are adjustable with anti-tamper features that help prevent against magnetic, electronic and physical attacks, now available in the U.S. and Canada.
Schlage’s commercial NDEBSi and LEBSi wireless electronic locks enable customers to expand access while using existing HID and NFC mobile credentials, now available in the U.S. and Canada.
The Von Duprin Security Indicator, recommended for institutional environments with high-occupancy areas, gives visual verification of the door’s status during a lockdown, now available in the U.S. and Canada.
Through Allegion Ventures and deep relationships across our industry, we partner with other experts to ideate about promising technologies and seed for the future. And when there’s a strategic acquisition opportunity, we buy companies that will expand our core business and the ways in which we innovate.
More now than ever, environmental, social and governance (ESG) commitments – deeply rooted in our core values – guide the way we do business. Review the below resources to learn more about Allegion’s ESG footprint in 2022 and our goals for the future.
See more information on ESG goals, results and measurement (including all relevant annotations) on our ESG pages.
At Allegion, manufacturing matters: It doesn’t just bring our high-quality seamless access solutions to life for our customers, it creates opportunities and innovation outlets for our people. Explore where our manufacturing sites are located, review our virtual Manufacturing Day field trip or watch additional videos to hear directly from some of our manufacturing team members to learn more.
Global production excellence
Team member perspectives
At Allegion, we help keep people safe and secure where they live, learn, work and visit. With more than 30 brands sold in 120 countries across the globe, we specialize in security around the doorway and beyond: everything from residential and commercial locks, door closer and exit devices, steel doors and frames to access control and workforce productivity systems. Learn more about our culture, our people and our products with the resources below.
