Allegion raises 2026 outlook as Americas non-residential demand drives 13% adjusted EPS growth

Allegion raised its full-year revenue and earnings outlook Thursday after demand from non-residential customers in the Americas lifted third-quarter sales by nearly 10%.

The security products and solutions provider now expects 2026 adjusted EPS of $9.05 to $9.10 and organic revenue growth of 5% to 6%, with reported revenue up 9.5% to 10.5%, according to the earnings release it filed with an 8-K. It expects reported EPS of $8.35 to $8.40.

Third-quarter revenue rose 9.6% to $1.17 billion, or 7.2% on an organic basis. Net earnings were $220.9 million, or $2.59 a share, up 18.8%. Adjusted EPS climbed 13% to $2.60.

"With steady momentum in our demand generation engine and a proven, resilient business model, we are raising our full-year 2026 revenue and adjusted EPS outlook," President and CEO John Stone said in the release.

Americas carry the quarter

Americas revenue grew 11.7%, or 9.1% organically, with the non-residential business up by a low-double-digit percentage on volume and price. The segment's adjusted operating margin rose 20 basis points to 30.1%. International revenue rose 1.8% but slipped 0.2% organically as volumes declined.

Reported results included refunds of tariffs collected under the International Emergency Economic Powers Act, which added $19.9 million to operating income. Allegion excludes those benefits from adjusted figures.

Cash returns

Allegion repurchased about 0.8 million shares for roughly $120 million during the quarter and paid about $46 million in dividends of 55 cents a share. Year-to-date available cash flow was $539.4 million, up $54.2 million.

By the numbers

• Revenue: $1.17 billion, up 9.6% (7.2% organic)
• Adjusted EPS: $2.60, up 13%
• Reported EPS: $2.59, up 18.8%
• Adjusted operating margin: 24.7%
• 2026 adjusted EPS outlook: $9.05 to $9.10
• Q3 buybacks: about $120 million

Sources

1. Allegion plc, Form 8-K (Item 2.02) with Exhibit 99.1 earnings release dated Oct. 22, 2026, accession 0001579241-26-000032

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