Former Chairman, President & Chief Executive Officer, Allegion
Search every verified David Petratis interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During the third quarter of 2020, Petratis stated that Allegion was raising its outlook for adjusted earnings per share to a range of $4.75 to $4.80. He said that in a post-COVID world, customers have new concerns for healthy environments and that the need for touchless access "is not going away." Petratis also noted that the company left the third quarter with a record residential backlog, which he attributed to strong demand and the company's ability to keep customers in product. In earlier appearances, Petratis discussed the impact of automation on manufacturing, stating that it creates a need for higher-skilled technical jobs. He said the U.S. is falling behind in preparing young people for these roles compared to Europe, where students can choose a technical path at age 14 or 15. Regarding school security, Petratis said he would not be an advocate for arming teachers, instead advocating for well-grounded plans that take levels of security through different situations. He also noted that Allegion's electronics portfolio was outpacing mechanical growth in all regions.
“in the realities of a postcovid world customers have new concerns and new needs for healthy environments the importance of making home work and institutions safer has never been so important to our customers and the needs for touchless access is not going away.”
“we are raising our outlook for adjusted earnings per share to a range of 4.75 to 4.80.”
“Allegiant experienced modest top-line revenue growth in the fourth quarter with strength in the Americas offset by weakness in Europe and Asia Pacific. The Americas region had reported an organic growth of 6.8% in the quarter driven by both the non-residential and residential businesses.”
“We continue to see electronics as a long-term positive trend as more and more products become connected for ease of access.”
“We continue to see favorable trends in our primary end markets in 2020. We also believe growth in the electronics portfolio will continue to outpace mechanical in all regions and we are well-positioned to continue to take advantage of this industry trend.”
“I would say this Andrew, every week that China stays shut down it will put pressure on our supply chain. Remember we typically produce in region but we still draw a lot of sourcing out of China. Probably more concerned about second tier suppliers, you know providers that could supply sub components to final assemblers.”
Apr.01 -- Dave Petratis, chairman and chief executive officer at Allegion, discusses the state of manufacturing jobs in the United ...
In the wake of the deadly school shooting in Florida, David Petratis, Allegion chairman and CEO, discusses the security industry ...
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