earnings
confidence high
sentiment positive
materiality 0.75
Allegion Q3 adj EPS $2.60 up 13%, revenue $1.17B up 9.6%; raises FY26 adj EPS outlook to $9.05-$9.10
Allegion plc
- Net EPS $2.59, up 18.8% from $2.18; adjusted EPS $2.60, up 13.0% from $2.30; net earnings $220.9M on revenue of $1,172.6M.
- Organic revenue rose 7.2%; Americas revenue +11.7% (+9.1% organic) on low-double-digit non-residential growth; International +1.8% reported but -0.2% organic.
- Adjusted operating margin 24.7% vs 24.1%; Americas segment margin 30.1% (+20 bps), International 13.9% (-40 bps) on volume declines and unfavorable mix.
- IEEPA tariff refunds added $19.9M to operating income and $0.9M to interest income; both excluded from adjusted operating income and adjusted EPS.
- FY26 outlook raised to 9.5-10.5% reported revenue growth, 5-6% organic and adjusted EPS $9.05-$9.10; Q3 buyback ~0.8M shares for ~$120M, dividend $0.55/share (~$46M).