Allegion plc's (ALLE) Q2 2022 Earnings Call Transcript

For the period ending June 30, 2022

July 28, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operater

Good morning, and welcome to the Allegion Q2 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note. this event is being recorded.

I would now like to turn the conference over to Tom Martineau, Vice President of Investor Relations. Please go ahead.

Tom Martineau

Good morning, everyone. Thank you for joining us for Allegion's second quarter 2022 earnings call. With me today are Executive Chairman, Dave Petratis; President and Chief Executive Officer, John Stone; and Senior Vice President and Chief Financial Officer, Mike Wagnes.

Our earnings release, which was issued earlier this morning and the presentation, which we will refer to in today's call, are available on our website at investor.allegion.com. This call will be recorded and archived on our website.

Please go to Slides 2 and 3. Statements made in today's call that are not historical facts are considered forward-looking statements and are made pursuant to the Safe Harbor provisions of federal securities law. Please see our most recent SEC filings for description of some of the factors that may cause actual results to differ materially from our projections.

The company assumes no obligation to update these forward-looking statements. Today's presentation and commentary include non-GAAP financial measures. Please refer to the reconciliation in the financial tables of our press release for further details.

We will now discuss our second quarter 2022 results which will be followed by a Q&A session. Please, for the Q&A, we would like to ask each caller to limit themselves to one question and one short follow-up and then reenter the queue.

Now, I'll turn the call over to Dave.

Dave Petratis

Thanks, Tom. Good morning and thank you for joining us today. Please go to Slide number 4. Before we provide our business and financial overview for you for the quarter, I want to start by acknowledging two significant announcements from the last few months. In May, I shared my plans to retire from Allegion announcing John Stone as the incoming President and CEO of Allegion.

John is the right leader to take Allegion into its next chapter. And I'm happy to say, Allegion has the right talent, right strategy, and right foundation to successfully execute its vision of seamless access and a safer world under John's leadership. It's been a privilege for you to know John and learn about his service to our country as a West Point graduate, Army Officer and Veteran.