Allegion tops Q3 revenue and profit estimates, lifts outlook
ALLE•Allegion’s Q3 revenue rose 9.6% year over year to $1.17 billion, while adjusted EPS rose 13% to $2.60; both beat estimates. The company raised its full-year 2026 revenue growth outlook to 9.5%-10.5% and adjusted EPS outlook to $9.05-$9.10.
1. Q3 results
Allegion reported Q3 revenue of $1.17 billion, up 9.6% year over year and above the $1.14 billion analyst estimate. Adjusted EPS was $2.60, up 13% and above the $2.50 estimate; reported EPS was $2.59. Adjusted operating margin increased to 24.7% from 24.1%.
2. Raised outlook
The company raised its full-year 2026 reported revenue growth outlook to 9.5%-10.5% and its organic revenue growth outlook to 5.0%-6.0%. It increased its adjusted EPS outlook to $9.05-$9.10.
3. Growth drivers
Organic growth in Americas non-residential led Q3 results, driven by volume growth and price realization. Allegion said price increases contributed to organic revenue growth in both the Americas and International segments. Margin improvement reflected favorable volume leverage and price and productivity net of inflation and investment.
