News about Allegion

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.

At its third-quarter 2026 earnings call on October 22, 2026, Allegion raised its full-year 2026 reported revenue growth outlook to 9.5% to 10.5% and its adjusted EPS target to $9.05 to $9.10. Management said non-residential demand in the Americas remains broad-based, supported by architectural specification writing and data center construction. Allegion is adjusting wholesale prices across select categories as input costs rise, and it sees continued shifts from mechanical to electronic locks. The company raised its Americas organic growth assumption to 7% to 8%, and it cited the $90 million acquisition of Overly Door Company as complementing its core security offerings.

Allegion plc (NYSE: ALLE) reported third-quarter 2026 revenue of $1,172.6 million, up 9.6% on a reported basis and 7.2% organically, led by the Americas. EPS rose 18.8% to $2.59, and adjusted EPS rose 13.0% to $2.60. Operating margin was 24.3% versus 21.8%, and adjusted operating margin was 24.7% versus 24.1%. The Americas segment grew revenue 11.7% (9.1% organically), while International grew 1.8% but declined 0.2% organically. Allegion raised its full-year 2026 revenue and adjusted EPS outlook, and IEEPA tariff refunds added $19.9 million to operating income, excluded from adjusted figures.