Allegion Q2 Adjusted Earnings, Net Revenue Increase; 2026 Outlook Raised

MT Newswires Live07-23 18:18

Allegion (ALLE) reported Q2 adjusted earnings Thursday of $2.40 per diluted share, up from $2.04 a year earlier.

Analysts polled by FactSet expected $2.22.

Net revenue for the quarter ended June 30 was $1.15 billion, up from $1.02 million a year earlier.

Analysts polled by FactSet expected $1.12 billion.

The company raised 2026 adjusted EPS in the range of $8.85 to $9.00 from prior outlook of $8.70 to $8.90. Analysts polled by FactSet expect $8.79.

Allegion said it now expects 2026 reported revenue growth in the range of 7.5% to 8.5%, up from its prior range of 6% to 8%.

Shares of the company were up 8% in premarket activity Thursday.

Price: 151.12, Change: +11.17, Percent Change: +7.98

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