Allegion Beats on Organic Growth, Raises Full-Year Revenue and EPS Outlook
ALLE sits 26% above its 52-week low of $125.
Summary
Allegion posted Q3 2026 net revenue of $1,172.6 million, up 9.6% reported and 7.2% organic, with adjusted EPS of $2.59 up 13.0% year over year and net income of $220.9 million. Operating margin expanded to 24.3% from 21.8%, and adjusted operating margin rose to 24.7% from 24.1%, helped by volume leverage and price. The Americas segment did the heavy lifting, with revenue up 11.7% and non-residential up low-double digits organically; International was roughly flat organically at -0.2% with adjusted margin down 40 basis points to 13.9%. Management raised full-year 2026 guidance: reported revenue growth to 9.5%-10.5%, organic growth to 5.0%-6.0%, and adjusted EPS to $9.05-$9.10. Reported results include $19.9 million of IEEPA tariff refunds that are excluded from adjusted figures, so the underlying beat is cleaner than the GAAP operating income jump of 21.7% suggests. The 8 a.m. ET call today is the next checkpoint for detail on the raised outlook and International weakness.
At the time of this announcement, ALLE was trading at $157.04 on NYSE in the Manufacturing sector, with a market capitalization of approximately $13.5B. The 52-week trading range was $125.00 to $183.11. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.