Allegion up after 2026 forecast raise, Q3 beat

Allegion

22/10/2026 15:38

** Security products maker Allegion's ALLE.N shares rise 7.6% to $171.14
** ALLE lifts FY2026 profit and revenue forecasts after an upbeat third quarter driven by strong business in its Americas non-residential segment
** Expects 2026 adj. EPS of $9.05 to $9.10, up from prior range of $8.85 to $9.00
** Raises annual reported revenue growth forecast to 9.5% to 10.5%, from 7.5% to 8.5% earlier 
** Q3 adj. EPS of $2.60 beats analysts' estimates of $2.50 - data compiled by LSEG
** Q3 revenue rises ~10% to $1.17 billion, compared with estimates of $1.14 billion
** Including session's gains, stock up 7.5% YTD

(Reporting by Aatreyee Dasgupta)