ALLEAllegion plc
Earnings Recap
• Reported GAAP EPS of $1.71 up 3.01% YoY • Reported revenue of $1.03B up 9.26% YoY • Allegion expects full-year 2026 reported revenue growth of 5% to 7% (2% to 4% organic) and adjusted EPS of $8.70 to $8.90. Allegion estimates available cash flow to be 85% to 95% of adjusted net income.
Bullish
Allegion achieved high-single digit organic growth in Americas non-residential and an 8.1% increase in full-year adjusted EPS. The company also generated strong available cash flow, increasing 17.6% for 2025.
Bearish
Allegion's International segment saw organic revenue decline due to volume, while Americas residential business also decreased. Full-year adjusted operating margin faced a 50 basis point headwind from price and productivity net of inflation and investment.