The raised guidance and accelerating organic growth (7.2% vs prior 2.6% in Q1) signal strong demand in Americas non-residential. Monitor the Q4 earnings call for commentary on International segment recovery and tariff refund sustainability. The $500M buyback authorization from April provides ongoing support.
Price Chart
Executive Summary
Allegion reported Q3 2026 results with GAAP EPS of $2.59 (up 18.8% YoY) and adjusted EPS of $2.60 (up 13.0% YoY), beating consensus of $2.31 by 12.6%. Revenue of $1.1726B grew 9.6% reported and 7.2% organically, driven by strong Americas non-residential volume growth. The company raised its full-year 2026 adjusted EPS guidance to $9.05-$9.10 (from $8.70-$8.90) and organic revenue growth outlook to 5.0%-6.0% (from 2%-4%), signaling accelerating momentum.
Key Financial Metrics
Key Facts
- Q3 2026 GAAP EPS $2.59 vs $2.18 YoY, up 18.8%
- Q3 2026 adjusted EPS $2.60 vs $2.30 YoY, up 13.0%
- Q3 2026 revenue $1,172.6M vs $1,070.2M YoY, up 9.6% reported, 7.2% organic
- Americas segment revenue up 11.7% reported, 9.1% organic; non-residential up low-double digits organically
- Full-year 2026 adjusted EPS guidance raised to $9.05-$9.10 from $8.70-$8.90
- Full-year 2026 organic revenue growth outlook raised to 5.0%-6.0% from 2%-4%
- Operating margin expanded to 24.3% from 21.8%; adjusted operating margin 24.7% vs 24.1%
- Year-to-date available cash flow $539.4M, up $54.2M YoY
- Q3 share repurchases ~0.8M shares for ~$120M; quarterly dividend $0.55/share
Financial Impact
EPS beat consensus by $0.29 (12.6%); revenue beat by ~$42.6M (3.8%); guidance raised meaningfully across both EPS and revenue
Risk Factors
- International segment organic revenue declined 0.2% YoY, with ERP-related disruptions lingering
- IEEPA tariff refunds of $19.9M boosted reported operating income; adjusted figures exclude these
- Effective tax rate rose to 17.5% from 9.8% YoY, reducing net earnings benefit from operating improvements
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001579241-26-000032 |
| Document: alle-20261022.htm | 0001579241-26-000032 |
| Document: 0001579241-26-000032-index-headers.html | 0001579241-26-000032 |
| Document: 0001579241-26-000032-index.html | 0001579241-26-000032 |
| Document: 0001579241-26-000032.txt | 0001579241-26-000032 |
| 8-K Data (Synthetic) | 0001579241-26-000032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $177.87 | awaiting T+1 | — | $180.55 (+1.51%) |
Oct 27, 2026 today | Insider Cluster | $178.76 | awaiting T+1 | — | $180.55 (+1.00%) |
Oct 26, 2026 1d ago | 144 | $178.22 $180.55 | ▲ +1.31% | ▲ +0.75% | $180.55 (+1.31%) |
Oct 26, 2026 1d ago | 144 | $178.22 $180.55 | ▲ +1.31% | ▲ +0.75% | $180.55 (+1.31%) |
Oct 22, 2026 5d ago | 8-K | $176.52 $178.98 | ▲ +1.39% | ▲ +1.92% | $180.55 (+2.28%) |
Jul 29, 2026 12w ago | Insider Cluster | $157.06 $157.40 | ▲ +0.22% | ▼ −0.50% | $180.55 (+14.96%) |
Jul 27, 2026 13w ago | Insider Cluster | $161.23 $158.47 | ▼ −1.71% | ▼ −0.17% | $180.55 (+11.98%) |
Apr 17, 2026 27w ago | DEFA14A | $144.29 $145.01 | ▲ +0.50% | ▲ +0.69% | $180.55 (+25.13%) |
Apr 15, 2026 27w ago | 8-K | $141.39 $144.29 | ▲ +2.05% | ▲ +0.84% | $180.55 (+27.70%) |
US Market Status
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