Allegion falls after Q1 profit misses estimates

Allegion

28/04/2026 14:46

** Shares of lockmaker Allegion ALLE.N down 5.5% at about $140.2

** Co posts Q1 profit below Wall Street estimates, as its residential security business continued to be weighed down by soft demand and higher borrowing costs

** Reports Q1 adjusted profit per share of $1.80, below Wall Street estimates of $1.89, according to data compiled by LSEG

** Its quarterly revenue rose 9.7% to $1.03 billion, in line with estimates

** Co reaffirms FY adjusted earnings per share forecast at $8.70 to $8.90, midpoint of which is in line with estimates of $8.80

** Including session's moves, ALLE down 11.9% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))