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Allegion (ALLE)
NYSE:ALLE
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.9Last Year’s EPS
1.86Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a fundamentally positive view: strong revenue growth (Q4 +9.3% reported; organic +3.3%), robust cash flow (+17.6% YTD), accretive M&A (~$630M deployed) and margin resilience at the enterprise level (Q4 adj. operating margin +30 bps). Key strengths include Americas nonresidential and double-digit Electronics growth, a healthy balance sheet (net debt/EBITDA 1.6x), and constructive 2026 guidance (revenue +5%–7%, EPS $8.70–$8.90). Offsetting these positives are notable near-term headwinds: weaker U.S. residential volumes (down high single digits in Q4), International organic softness (down 2.3% organically), Americas margin pressure in Q4, and a tough Q1 comp plus a projected ~$0.10 tax headwind to EPS. Overall, the highlights (revenue, cash flow, accretive M&A, guidance) materially outweigh the short-term challenges tied to end-market softness and comparables.Company Guidance
Enterprise Revenue and Organic Growth
Q4 revenue was over $1.0B, up 9.3% versus 2024; enterprise described as delivering high single-digit revenue growth for fiscal 2025. Organic revenue in Q4 increased 3.3%, led by Americas nonresidential.
Adjusted Operating Margin and EPS Expansion
Q4 adjusted operating margin was 22.4%, up 30 basis points year-over-year. Q4 adjusted EPS was $1.94, up $0.08 or 4.3% versus prior year; management cited operational performance and accretive acquisitions contributing over 10 points of EPS growth.
Strong Cash Generation
Year-to-date available cash flow was $685.7M, up 17.6% versus prior year. Management expects 2026 available cash flow conversion of approximately 85%–95% of adjusted net income.
Accretive M&A and Active Deployment
Approximately $630M of acquisitions were completed in 2025 (management cited ~ $630,000,000 deployed), aligned to strategy (mechanical, electronics, software). Acquisitions were accretive and contributed materially to revenue and EPS; acquired businesses contributed ~1.3 points to Americas Q4 and ~16 points to International segment reported revenue.
Americas Nonresidential and Electronics Strength
Americas revenue in Q4 was $795.5M, up 6.1% reported and 4.8% organic, led by high single-digit organic growth in nonresidential. Electronics revenue grew low double digits for the quarter and full year, identified as a long-term growth driver.
International Reported Growth and Margin Improvement (via M&A & FX)
International reported revenue was $237.7M, up 21.5% reported (but down 2.3% organically). Currency was a +7.8 point tailwind and acquisitions ~+16 points. International adjusted operating income rose 27.5% and adjusted operating margin expanded ~90 basis points, driven by accretive acquisitions and favorable price/productivity.
Disciplined Capital Return and Balance Sheet Strength
Paid $175M in dividends in 2025 and announced the twelfth consecutive annual dividend increase for 2026. Share repurchases totaled $80M in 2025. Net debt to adjusted EBITDA remains a healthy 1.6x, supporting continued capital deployment.
Product and Portfolio Momentum
Launched Schlage Performance Series locks and expanded mid-tier commercial offerings (Von Duprin 70 Series, LCN closures). Management highlighted progress in software/electronics (including Interflex) and use of AI in offerings.
2026 Financial Outlook
2026 guidance: total revenue growth 5%–7%, organic growth 2%–4%, and adjusted EPS guidance $8.70–$8.90 (approximately 8% growth at midpoint, inclusive of an approximate $0.10 tax-rate headwind). Electronics expected to outpace Mechanical.
ALLE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ALLE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $179.50 | $162.67 | -9.38% |
Oct 23, 2025 | $174.95 | $170.68 | -2.44% |
Jul 24, 2025 | $153.43 | $162.68 | +6.03% |
Apr 24, 2025 | $125.23 | $138.16 | +10.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Allegion (ALLE) report earnings?
Allegion (ALLE) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Allegion (ALLE) earnings time?
Allegion (ALLE) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALLE EPS forecast?
ALLE EPS forecast for the fiscal quarter 2026 (Q1) is 1.9.