Allegion (NYSE:ALLE) reported strong third-quarter results led by the Americas, where non-residential business grew organically at a double-digit rate. Revenue was about $1.2 billion, up 9.6% year over year, with organic growth of 7.2%. Adjusted operating margin rose 60 basis points to 24.7%, and adjusted EPS climbed 13% to $2.60. Americas revenue reached $942.4 million, up 11.7%, while data centers accounted for about 5% of non-residential business as of the second quarter. The company raised its 2026 outlook to 5%–6% organic revenue growth and adjusted EPS of $9.05–$9.10. International revenue rose 1.8% to $230.2 million but declined organically, and demand in Western Europe, particularly Germany, remains difficult.
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