Allegion plc reported financial results for the third quarter of 2026, highlighting high-single digit organic revenue growth and increased profitability. The company announced it is raising its full-year 2026 outlook for revenue and adjusted earnings per share (EPS).
For the third quarter ended September 30, 2026, Allegion reported net revenues of $1,172.6 million, representing a 9.6% increase on a reported basis and a 7.2% increase on an organic basis. Net earnings were $220.9 million, or $2.59 per share, compared to $2.18 per share in the prior year. Adjusted EPS was $2.60, up 13.0% year-over-year.
Operating income for the quarter was $284.6 million, an increase of 21.7%, resulting in an operating margin of 24.3%. Adjusted operating income was $289.7 million, with an adjusted operating margin of 24.7%.
Segment performance showed strength in the Americas, where revenues increased 11.7% (up 9.1% organically). The International segment saw revenues increase 1.8% (down 0.2% organically).
Regarding liquidity, the company reported year-to-date available cash flow of $539.4 million. It ended the quarter with cash and cash equivalents of $388.1 million and total debt of $2,032.0 million. During the quarter, Allegion repurchased approximately 0.8 million shares for approximately $120 million and paid quarterly dividends of $0.55 per ordinary share.
2026 Full-Year Outlook
Allegion has updated its full-year 2026 guidance. The company now expects reported revenue growth to be between 9.5% and 10.5%, with organic growth expected to be between 5.0% and 6.0%. The company raised its outlook for full-year 2026 adjusted EPS to a range of $9.05 to $9.10. Reported EPS is expected to be in the range of $8.35 to $8.40.
The outlook assumes an average diluted share count of approximately 85.6 million shares and an adjusted effective tax rate of approximately 18% to 19%.
