Allegion PLC (NYSE:ALLE)

$ 131.97 -1.02 (-0.77%) Market Cap: 11.47 Bil Enterprise Value: 13.08 Bil PE Ratio: 20.27 PB Ratio: 7.30 GF Score: 91/100

Allegion PLC at Robert W Baird Global Industrial Conference Transcript

Nov 07, 2019 / 06:30PM GMT

Release Date Price: $115.27 (-1.12%)

Transcript

Timothy Ronald Wojs

Robert W. Baird & Co. Incorporated, Research Division - Senior Research Analyst

Great. So why don't we get started. Thank you for joining us. I'm Tim Wojs. I cover building products here at Baird and we're very happy to welcome Allegion back to the conference this year.

On stage with me is Dave Petratis, who's Chairman President and CEO; with Patrick Shannon, who's CFO; and then we have Mike Wagnes, who's Treasury and IR.

So I think Dave can have some opening kind of comments and kind of level set everybody and then will go to Q&A. Dave?

David D. Petratis

Allegion plc - Chairman, CEO & President

Thank you, Tim. Great to be here in Chicago. Appreciate the hospitality. I think this is my 11th year in -- at the Baird conference.

Allegion, for those of you are familiar with the story, be some repetitive. Those of you are not, we're in the Security business, Access business. There's 40 billion doors in the world. Only about 5% of those are connected and that's our opportunity to provide seamless access

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