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