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Cover and table of contents

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________

FORM 10-Q

_______________________________

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2025

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 001-35971

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logoallea10.jpg

ALLEGION PUBLIC LIMITED COMPANY

(Exact name of registrant as specified in its charter)

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Ireland98-1108930
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
Block D
Iveagh Court
Harcourt Road
Dublin
IrelandD02 VH94
(Address of principal executive offices)(Zip Code)

+(353) (1) 2546200

(Registrant’s telephone number, including area code)

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Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading symbolName of exchange on which registered
Ordinary shares, par value $0.01 per shareALLENew York Stock Exchange
3.500% Senior Notes due 2029ALLE 3 ½New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No ¨

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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of ordinary shares outstanding of Allegion plc as of April 22, 2025 was 86,049,290.

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ALLEGION PLC

FORM 10-Q

INDEX

PART I - FINANCIAL INFORMATION1
Item 1 -Financial Statements1
Condensed and Consolidated Statements of Comprehensive Income for the three months ended March 31, 2025 and 2024 (Unaudited)1
Condensed and Consolidated Balance Sheets at March 31, 2025 and December 31, 2024 (Unaudited)2
Condensed and Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 2024 (Unaudited)3
Notes to Condensed and Consolidated Financial Statements (Unaudited)4
Item 2 -Management’s Discussion and Analysis of Financial Condition and Results of Operations15
Item 3 -Quantitative and Qualitative Disclosures about Market Risk23
Item 4 -Controls and Procedures23
PART II - OTHER INFORMATION25
Item 1 -Legal Proceedings25
Item 1A -Risk Factors25
Item 2 -Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities25
Item 5 -Other Information25
Item 6 -Exhibits26
SIGNATURES27

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PART I-FINANCIAL INFORMATION

Next: Item 1. Financial Statements