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Allegion tops Q3 revenue and profit estimates, lifts outlook

By Reuters News


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)


Reuters Recommended Reads

  • Oct 20 - 3M tops Q3 adjusted EPS estimates, raises guidance

  • Oct 21 - Graco Q3 adjusted EPS misses estimates despite record sales

  • Oct 20 - Valmont Q3 profit beats estimates on utility demand


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.)

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