Overview
Allegion Q3 revenue grows 10.7% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, rising 6.5% yr/yr
Company raises full-year revenue and EPS outlook, citing strong Americas performance
Outlook
Allegion raises 2025 full-year revenue growth outlook to 7.0%-8.0%
Company maintains 2025 organic growth outlook at 3.5%-4.5%
Allegion raises 2025 full-year EPS outlook to $7.45-$7.55
Result Drivers
AMERICAS NON-RESIDENTIAL - Strong performance in the Americas non-residential segment driven by price realization and volume growth
ACQUISITIONS AND CURRENCY - Revenue growth supported by acquisitions and a positive foreign currency impact
INTERNATIONAL SEGMENT - International segment revenue growth driven by acquisitions and currency tailwinds
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.07 bln | $1.04 bln (9 Analysts) |
Q3 Adjusted EPS | Beat | $2.30 | $2.21 (10 Analysts) |
Q3 EPS | $2.18 | ||
Q3 Adjusted Net Income | Beat | $198.70 mln | $191.42 mln (7 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "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 $185.00, about 3% above its October 21 closing price of $179.47
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nBw2qMcyMa
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(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.)