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:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.17 bln | $1.14 bln (8 Analysts) |
Q3 Adjusted EPS | Beat | $2.60 | $2.50 (9 Analysts) |
Q3 EPS | $2.59 | ||
Q3 Adjusted Net Income | Beat | $221 mln | $210.42 mln (4 Analysts) |
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(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.)