Quarterly ResultApr 28, 2026, 06:17 AM
ALLE Q1 Revenue +9.7% to $1.03B; EPS $1.59; FY Outlook Affirmed
AI Summary
Allegion plc reported Q1 2026 financial results with net revenues of $1,033.6 million, up 9.7% on a reported basis and 2.6% organically. Net EPS was $1.59, down 7.0%, while adjusted EPS was $1.80, down 3.2%. Operating margins declined due to volume headwinds and price/productivity net of inflation and investment (PPII) impacts, including transactional foreign currency. The company affirmed its full-year 2026 organic revenue growth outlook of 2% to 4% and adjusted EPS outlook of $8.70 to $8.90, while raising its reported revenue growth outlook to 6% to 8%.
Key Highlights
- ALLE Q1 2026 Net EPS $1.59, down 7.0% YoY; Adjusted EPS $1.80, down 3.2% YoY.
- Q1 2026 Revenues $1,033.6 million, up 9.7% reported and 2.6% organic YoY.
- Q1 2026 Operating margin 18.9% (vs 20.9%); Adjusted operating margin 21.2% (vs 22.7%).
- Americas segment revenues up 6.9% reported, 4.5% organic; International segment revenues up 21.5% reported, down 5.3% organic.
- Year-to-date available cash flow $80.3 million, down $3.1 million YoY.
- Repurchased 0.3 million shares for $40 million; paid $0.55 per share dividend.
- Board authorized $500.0 million share repurchase on April 15, 2026.
- Affirmed FY 2026 organic revenue growth outlook of 2% to 4%; raised reported revenue growth outlook to 6% to 8%.