$ALLE · Allegion plc
Allegion reported Q3-2026 net revenues of $1,172.6M (+9.6% reported, +7.2% organic) and adjusted EPS of $2.60 (+13.0% YoY). Operating margin expanded to 24.3% GAAP and 24.7% adjusted. The company raised its full-year 2026 outlook: reported revenue growth of 9.5%–10.5%, organic growth of 5.0%–6.0%, and adjusted EPS of $9.05–$9.10.
- Q3 net revenues of $1,172.6M, up 9.6% reported and 7.2% organic, led by Americas non-residential strength
- Adjusted EPS of $2.60, up 13.0% YoY from $2.30; GAAP EPS of $2.59, up 18.8%
- Americas segment organic revenue up 9.1%, with non-residential up low-double digits organically
- Full-year 2026 adjusted EPS outlook raised to $9.05–$9.10; organic revenue growth outlook raised to 5.0%–6.0%
- Year-to-date available cash flow of $539.4M, up $54.2M YoY; $120M in share repurchases during Q3
Extended-hours trading shows ALLE at $166.00, +4.42% vs the $158.98 regular close, indicating a positive reaction to the beat-and-raise quarter. The $13.52B market-cap company delivered broad-based strength with margin expansion and raised guidance.
Beat-and-raise quarter with broad-based organic growth, margin expansion, and a raised outlook — the stock jumped 4.4% in extended trading.
Allegion's Americas non-residential strength contrasts with mixed industrial demand signals. The low-double-digit organic growth in non-residential commercial locks and access solutions suggests healthy institutional and commercial construction end-markets.
International segment organic revenue declined 0.2% on volume weakness; adjusted operating margin fell 40 bps to 13.9%. IEEPA tariff refunds contributed $19.9M to operating income — a non-recurring benefit excluded from adjusted results.
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