Allegion surges after raising full-year profit forecast

Allegion

23/07/2026 15:42

** Shares of Dublin-based lock maker Allegion ALLE.N rise 9.9% to $153.79
** Stock hits highest since March due to continued demand for premium locks and electronic access systems 
** Co raises its FY26 adj EPS forecast to $8.85 - $9, compared to prior forecast of $8.7 - $8.9
** Co forecasts FY26 revenue growth in range of 7.5% to 8.5% 
** ALLE reports Q2 adjusted EPS of $2.4 and revenue of $1.15 bln, beating analysts' estimates of $2.22 and $1.11 bln
** Including session's moves, ALLE down 3.3% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((anandgopal.r@thomsonreuters.com))