Allegion Q2 results estimates on higher demand, prices; outlook raised

Allegion

23/07/2026 11:10

    

    Overview
  
Security products provider's Q2 revenue rose 12.7%, beating analyst expectations
Adjusted EPS for Q2 increased 17.6% and beat analyst expectations
Company raised full-year 2026 revenue and adjusted EPS outlook

    

    Outlook
  
Allegion raises 2026 reported revenue growth outlook to 7.5%-8.5%
Company lifts 2026 organic revenue growth outlook to 3.5%-4.5%
Allegion now sees 2026 adjusted EPS at $8.85-$9.00

    

    Result Drivers
  
AMERICAS ORGANIC GROWTH - Q2 organic revenue growth was led by the Americas region, driven by volume growth and price realization in both non-residential and residential segments
MARGIN EXPANSION - Adjusted operating margin increased due to favorable volume leverage and positive price and productivity net of inflation and investment (PPII)
WEAK EUROPEAN DEMAND - International segment organic revenue declined, primarily due to weaker demand in core European markets

    
Company press release: ID:nBw9Hvghfa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$1.15 bln
$1.12 bln (8 Analysts)
Q2 Adjusted EPS
Beat
$2.40
$2.22 (9 Analysts)
Q2 EPS
 
$2.15
 
Q2 Adjusted Net Income
Beat
$206 mln
$193.07 mln (5 Analysts)

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "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 $167.50, about 19.7% above its July 22 closing price of $139.95
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

    

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July 21 - Switzerland's Schindler H1 EBIT margin rises; reaffirms outlook

    
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.)