Revenue and cash flows are aided by code‑driven, spec‑oriented demand and a growing installed base of electronic locks and automatic doors requiring maintenance. TTM revenue through Q2 2025 is about 3.88 billion dollars with available FCF 682 million dollars, and the company targets available cash flow at 85–90 percent of adjusted net income.
The mix is majority U.S. (about 76 percent of 2024 revenue) and majority mechanical, but electronics (25 percent) and services/software (~7 percent) are rising. Predictability is tempered by cyclical residential exposure and capital spending in certain verticals, yet non‑residential and institutional end markets help smooth cycles.
Sources: 2024 Form 10‑K (mix, geography); Q2‑2025 release and 10‑Q; Q3‑2024 revenue reference.







