Allegion tops Q3 revenue and profit estimates, lifts outlook

Overview

• Security products maker's Q3 reported revenue rose 9.6% yr/yr, beating analyst expectations

• Adjusted EPS rose 13%, beating analyst expectations; adjusted operating margin rose to 24.7% from 24.1%

• Company raised full-year 2026 revenue and adjusted EPS outlook

Outlook

• Allegion raises full-year 2026 reported revenue growth outlook to 9.5%-10.5%

• Company lifts 2026 organic revenue growth outlook to 5.0%-6.0%

• Allegion increases full-year 2026 adjusted EPS outlook to $9.05-$9.10

Result Drivers

• AMERICAS NON-RESIDENTIAL - Organic growth in Americas non-residential business drove Q3 results, led by volume growth and price realization

• PRICE REALIZATION - Company said price increases contributed to organic revenue growth in both Americas and International segments

• PRODUCTIVITY NET OF INFLATION - Adjusted operating margin increase attributed to favorable volume leverage as well as price and productivity net of inflation and investment (PPII)

Company press release: ID:nBw2RJsJha

Key Details

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)