Allegion meets Q1 revenue estimates, raises 2026 rev growth outlook

Allegion

28/04/2026 11:12

Overview

Global security products provider's Q1 revenue rose 9.7% yr/yr, meeting analyst expectations

Adjusted EPS for Q1 fell 3.2% yr/yr and missed analyst expectations

Company board authorized $500 mln share buyback

Outlook

Allegion raises 2026 reported revenue growth outlook to 6%-8%, affirms organic growth at 2%-4%

Company affirms 2026 adjusted EPS outlook at $8.70-$8.90, updates reported EPS to $7.95-$8.15

Allegion expects to recover ERP-related production shortfall in international segment during 2026

Result Drivers

PRICE REALIZATION - Co said organic revenue growth was driven by price increases, partially offset by lower volumes

ERP IMPLEMENTATION DISRUPTION - International segment organic revenue fell due to volume declines from ERP implementation issues

MARGIN HEADWINDS - Adjusted operating margin declined due to volume declines, unfavorable mix, and PPII headwinds including transactional foreign currency

Company press release: ID:nBw1G5kdFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Meet
$1.03 bln
$1.03 bln (9 Analysts)
Q1 Adjusted EPS
Miss
$1.80
$1.89 (11 Analysts)
Q1 EPS
$1.59
Q1 Adjusted Net Income
Miss
$155.90 mln
$164.36 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Allegion PLC is $171.55, about 15.6% above its April 27 closing price of $148.40

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)