secwatch.observer — SEC 8-K summary
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Issuer:     Allegion plc (ALLE)
CIK:        0001579241
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0001193125-22-114077
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegion to acquire Stanley Access Technologies for $900M; Q1 rev $723M, EPS $1.05
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- Allegion to buy Stanley Black & Decker's Access Technologies for $900M in cash, net ~$810M after ~$90M tax benefits.
- Acquisition implies ~14.5x 2022E EBITDA (~12.5x including run-rate synergies and tax benefits).
- Access Technologies generated ~$340M in net sales in 2021; expected close in Q3 2022 subject to regulatory approval.
- Q1 2022 standalone revenue ~$723M; reported EPS $1.05, adjusted EPS $1.07.
- Full-year 2022 outlook affirmed: reported EPS $5.50-$5.70, adjusted EPS $5.55-$5.75.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579241/000119312522114077/0001193125-22-114077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579241/000119312522114077/d348556d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-114077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer