Allegion 2026年Q3业绩超预期并上调全年指引，但盘前冲高回落，短线不追多

----- alle-20261022.htm -----
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________________________
FORM
8-K
____________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report –
October 22, 2026
(Date of earliest event reported)
____________________________________________
ALLEGION PUBLIC LIMITED COMPANY
(Exact name of registrant as specified in its charter)
____________________________________________
Ireland
001-35971
98-1108930
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
Unit No. 233
The Capel Building
Mary’s Abbey
Dublin 7
Ireland
D07 X324
(Address of Principal Executive Offices)
(Zip Code)
(
353
) (
1
)
6833399
(Registrant’s phone number, including area code)
____________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol
Name of exchange on which registered
Ordinary shares, par value $0.01 per share
ALLE
New York Stock Exchange
3.500% Senior Notes due 2029
ALLE 3 ½
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Item 2.02
Results of Operations and Financial Condition
On October 22, 2026, Allegion plc (the “Company”) issued a press release announcing its third quarter 2026 results. The information in this Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits
Exhibit
No.
Description
99.1
Press Release of Allegion plc dated October 22, 2026
104
Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)
SIGNATURE
Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALLEGION PLC
(Registrant)
Date:
October 22, 2026
/s/ Michael J. Wagnes
Michael J. Wagnes
Senior Vice President and Chief Financial Officer

----- exhibit991-pressreleasedat.htm -----
EX-99.1
2
exhibit991-pressreleasedat.htm
EX-99.1 PRESS RELEASE DATED OCTOBER 22, 2026
Document
Allegion (NYSE: ALLE) Reports Q3-2026 Financial Results
High-Single Digit Revenue Growth, Strength in Americas Non-Residential;
Raising Full-Year 2026 Outlook
Quarterly Financial Highlights
(All comparisons are year-over-year, unless otherwise noted)
•
Net earnings per share (EPS) of $2.59, up 18.8% compared with $2.18; Adjusted EPS of $2.60, up 13.0% compared with $2.30
•
Revenues of $1,172.6 million, up 9.6% on a reported basis and up 7.2% on an organic basis
•
Operating margin of 24.3%, compared with 21.8%; Adjusted operating margin of 24.7%, compared with 24.1%
DUBLIN (Oct. 22, 2026) –
Allegion plc
(NYSE: ALLE), a leading global security products and solutions provider, today reported financial results for its third quarter (ended Sept. 30, 2026).
“I am pleased with our Q3 performance as we delivered high-single digit organic revenue growth and low teens adjusted EPS growth led by our Americas non-residential business,” Allegion President and CEO John H. Stone said.
“With steady momentum in our demand generation engine and a proven, resilient business model, we are raising our full-year 2026 revenue and adjusted EPS outlook.”
Q3 2026 Company Results
(All comparisons are year-over-year, unless otherwise noted)
Allegion reported third-quarter 2026 net revenues of $1,172.6 million and net earnings of $220.9 million, or $2.59 per share. Adjusted net earnings were $221.0 million, or $2.60 per share, up 13.0%. (Details of the adjustments are included in the footnotes of the tables in this press release.)
Third-quarter 2026 net revenues increased 9.6%. On an organic basis, which excludes impacts of acquisitions, divestitures and foreign currency movements, net revenues increased 7.2%, led by the Americas region. The organic revenue increase was driven by volume growth and price realization. Reported revenue reflects a 2.6% net positive impact from acquisitions and divestitures, as well as a 0.2% headwind from foreign currency.
Third-quarter 2026 operating income was $284.6 million, an increase of $50.8 million or 21.7%. Adjusted operating income in third-quarter 2026 was $289.7 million, an increase of $32.3 million or 12.5%.
Third-quarter 2026 operating margin was 24.3%, compared with 21.8%. The adjusted operating margin in third-quarter 2026 was 24.7%, compared with 24.1%. The adjusted operating margin increase is attributable to favorable volume leverage as well as price and productivity net of inflation and investment (PPII), inclusive of transactional foreign currency, which was positive on a dollar basis and a tailwind to margin rate.
Q3 2026 Segment Results
(All comparisons are year-over-year, unless otherwise noted)
The Americas segment revenues were up 11.7% (up 9.1% on an organic basis). The non-residential business was up low-double digits organically, driven by volume growth and price realization. The residential business was up mid-single digits organically, driven by price realization. The reported revenue reflects a 2.6% positive impact from acquisitions. Adjusted operating margin in the region
1
increased 20 basis points to 30.1%. The adjusted operating margin increase is attributable to favorable volume leverage as well as PPII, inclusive of transactional foreign currency headwinds, which was positive on a dollar basis and a 20-basis point tailwind to margin rate. Acquisitions were a 40-basis point headwind to margin rate.
The International segment revenues were up 1.8% (down 0.2% on an organic basis). The slight organic revenue decrease was driven by volume declines, which more than offset favorable pricing. Reported revenue reflects a 2.5% net positive impact from acquisitions and divestitures and a 0.5% headwind from foreign currency. Adjusted operating margin in the region decreased 40 basis points to 13.9%, driven by volume declines and unfavorable mix offset partially by a PPII tailwind and favorable impacts from acquisitions.
IEEPA Tariff Refunds
Third-quarter 2026 reported results include the impact of IEEPA tariff refunds (tariff refunds), which benefited operating income by $19.9 million and interest income by $0.9 million. These benefits are excluded from adjusted operating income and adjusted EPS and reflect the impact from refunds received and expected to be received from the U.S. government.
Additional Items
(All comparisons are year-over-year, unless otherwise noted)
Interest expense for third-quarter 2026 was $24.2 million, a decrease of $2.4 million.
Other income, net for third-quarter 2026 was $7.4 million, compared to other income, net of $1.7 million. Other income, net for third-quarter 2026 includes a $4.1 million gain on non-operating investments and $0.9 million of interest income related to tariff refunds.
The company’s effective tax rate for third-quarter 2026 was 17.5%, compared with 9.8%. The company’s adjusted effective tax rate for third-quarter 2026 was 17.5%, compared with 14.9%.
Cash Flow and Liquidity
Year-to-date available cash flow for 2026 was $539.4 million, an increase of $54.2 million versus the prior-year period. The company ended third-quarter 2026 with cash and cash equivalents of $388.1 million and total debt of $2,032.0 million.
Share Repurchase and Dividends
In the third quarter of 2026, the company repurchased approximately 0.8 million shares for approximately $120 million and paid quarterly dividends of $0.55 per ordinary share or approximately $46 million.
2026 Full-Year Outlook
(All comparisons are year-over-year, unless otherwise noted)
The company is raising its full-year 2026 reported revenue growth outlook to a range of 9.5% to 10.5% and is raising its organic growth outlook to a range of 5.0% to 6.0%, after excluding the expected impacts of acquisitions, divestitures and foreign currency movements.
The company is raising the outlook for full-year 2026 adjusted EPS to be in the range of $9.05 to $9.10. The company is updating the outlook for full-year 2026 reported EPS and expects it to be in the range of $8.35 to $8.40. Adjustments to 2026 EPS include estimated impacts of approximately $0.60 per share for acquisition-related amortization, $0.28 per share for restructuring, M&A and other adjustments as well as $0.18 per share benefit for tariff refunds.
2
The outlook continues to assume a full-year adjusted effective tax rate of approximately 18% to 19%.
The outlook assumes an average diluted share count for the full year of approximately 85.6 million shares.
The company continues to expect full-year available cash flow to be 85% to 95% of adjusted net income.
Conference Call Information
On Thursday, Oct. 22, 2026, President and CEO John H. Stone and Senior Vice President and Chief Financial Officer Mike Wagnes will conduct a conference call for analysts and investors, beginning at 8 a.m. ET, to review the company's results.
A real-time, listen-only webcast of the conference call will be broadcast live online. Individuals wishing to listen may access the call through
https://investor.allegion.com
.
###
About Allegion
At Allegion (NYSE: ALLE), we design and manufacture innovative security and access solutions that help keep people safe where they live, learn, work and connect. We’re pioneering safety with our strong legacy of leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Our comprehensive portfolio of hardware, software and electronic solutions is sold around the world and spans residential and commercial locks, door closer and exit devices, steel doors and frames, access control and workforce productivity systems. Allegion had $4.1 billion in revenue in 2025. For more, visit
www.allegion.com
.
Non-GAAP Measures
This news release and accompanying earnings release materials include adjusted non-GAAP financial information which should be considered supplemental to, not a substitute for or superior to, the financial measure calculated in accordance with GAAP. The company presents operating income, operating margin, earnings before income taxes, effective tax rate, net earnings and diluted earnings per ordinary share (EPS) on both a U.S. GAAP basis and on an adjusted (non-GAAP) basis, revenue growth on a U.S. GAAP basis and organic revenue growth on a non-GAAP basis, EBITDA, adjusted EBITDA and adjusted EBITDA margin (all non-GAAP measures) and Available Cash Flow (“ACF,” a non-GAAP measure), including in certain cases, on a segment basis. The company presents these non-GAAP measures because management believes these non-GAAP measures provide management and investors useful perspective of the company’s underlying business results and trends and a more comparable measure of period-over-period results. These measures are also used to evaluate senior management and are a factor in determining at-risk compensation. Investors should not consider non-GAAP measures as alternatives to the related U.S. GAAP measures. Further information about the adjusted non-GAAP financial tables is attached to this news release. The Quarterly Financial Highlights, Full-Year Financial Highlights and 2026 Full-Year Outlook Highlights contain non-GAAP financial measures that exclude or otherwise have been adjusted for non-GAAP adjustment items from our U.S. GAAP financial statements. When we provide forward-looking outlooks for any of the various non-GAAP metrics described above, we do not provide reconciliations of the U.S. GAAP measures as we are unable to predict with a reasonable degree of certainty the actual impact of the non-GAAP adjustment items. By their very nature, non-GAAP adjustment items are difficult to anticipate with precision because they are generally associated with unexpected and unplanned events that impact our company and its financial results. Therefore, we are unable to provide a reconciliation of these measures without unreasonable efforts.
3
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements under the heading “2026 Full-Year Outlook” and statements regarding the company's 2026 and future financial performance, the company’s business plans and strategy, the company’s growth strategy, the company’s capital allocation strategy, the company’s ability to successfully complete and integrate acquisitions and achieve anticipated strategic and financial benefits and the performance of the markets in which the company operates. These forward-looking statements generally are identified by the words “believe,” “aim,” “projected,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “intend,” “scheduled,” “targets,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” or the negative thereof or variations thereon or similar expressions generally intended to identify forward-looking statements. Forward-looking statements may relate to such matters as projections of revenue, margins, expenses, tax rate and provisions, earnings, cash flows, benefit obligations, dividends, share purchases or other financial items; any statements of the plans, strategies and objectives of management for future operations, including those relating to any statements concerning expected development, performance or market share relating to our products and services; any statements regarding future economic conditions or our performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Undue reliance should not be placed on any forward-looking statements, as these statements are based on the company's currently available information and our current assumptions, expectations and projections about future events. They are subject to future events, risks and uncertainties - many of which are beyond the company’s control - as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Important factors and other risks that may affect the company's business or that could cause actual results to differ materially are included in filings the company makes with the Securities and Exchange Commission (SEC) from time to time, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and in its other SEC filings. All forward-looking statements in this press release are made only as of the date hereof and are expressly qualified by such cautionary statements and by reference to the underlying assumptions. The company undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Media Contact:
Whitney Moorman – Director, Global Communications
317-810-3241
Whitney.Moorman@allegion.com
Analyst Contacts:
Jobi Coyle – Director, Investor Relations
Jobi.Coyle@allegion.com
Josh Pokrzywinski – Vice President, Investor Relations
Joshua.Pokrzywinski@allegion.com
Source: Allegion plc
4
ALLEGION PLC
Condensed and Consolidated Income Statements
(In millions, except per share data)
UNAUDITED
Three months ended September 30,
Nine months ended September 30,
2026
2025
2026
2025
Net revenues
$
1,172.6
$
1,070.2
$
3,357.7
$
3,034.1
Cost of goods sold
624.4
580.4
1,837.5
1,655.3
Gross profit
548.2
489.8
1,520.2
1,378.8
Selling and administrative expenses
263.6
256.0
785.6
728.9
Operating income
284.6
233.8
734.6
649.9
Interest expense
24.2
26.6
73.2
75.9
Other income, net
(7.4)
(1.7)
(5.8)
(10.5)
Earnings before income taxes
267.8
208.9
667.2
584.5
Provision for income taxes
46.9
20.5
123.6
88.2
Net earnings
$
220.9
$
188.4
$
543.6
$
496.3
Basic earnings per ordinary share
$
2.60
$
2.19
$
6.36
$
5.76
Diluted earnings per ordinary share
$
2.59
$
2.18
$
6.33
$
5.73
Shares outstanding - basic
84.8
85.9
85.5
86.1
Shares outstanding - diluted
85.2
86.5
85.9
86.6
5
ALLEGION PLC
Condensed and Consolidated Balance Sheets
(In millions)
UNAUDITED
September 30, 2026
December 31, 2025
ASSETS
Cash and cash equivalents
$
388.1
$
356.2
Accounts and notes receivables, net
551.6
437.7
Inventories
539.4
519.0
Other current assets
83.9
78.9
Total current assets
1,563.0
1,391.8
Property, plant and equipment, net
457.2
444.6
Goodwill
1,926.1
1,912.4
Intangible assets, net
798.5
826.0
Other noncurrent assets
722.1
648.9
Total assets
$
5,466.9
$
5,223.7
LIABILITIES AND EQUITY
Accounts payable
$
283.2
$
244.8
Accrued expenses and other current liabilities
539.5
510.4
Short-term borrowings and current maturities of long-term debt
0.3
0.2
Total current liabilities
823.0
755.4
Long-term debt
2,031.7
1,979.9
Other noncurrent liabilities
439.8
420.8
Equity
2,172.4
2,067.6
Total liabilities and equity
$
5,466.9
$
5,223.7
6
ALLEGION PLC
Condensed and Consolidated Statements of Cash Flows
(In millions)
UNAUDITED
Nine months ended September 30,
2026
2025
Operating Activities
Net earnings
$
543.6
$
496.3
Depreciation and amortization
107.4
98.6
Changes in assets and liabilities and other non-cash items
(47.0)
(51.2)
Net cash provided by operating activities
604.0
543.7
Investing Activities
Capital expenditures
(64.6)
(58.5)
Acquisition of businesses, net of cash acquired
(74.7)
(594.0)
Other investing activities, net
(38.9)
3.2
Net cash used in investing activities
(178.2)
(649.3)
Financing Activities
Net debt proceeds
50.4
83.3
Dividends paid to ordinary shareholders
(140.2)
(131.4)
Repurchase of ordinary shares
(280.3)
(80.0)
Other financing activities, net
(17.9)
12.9
Net cash used in financing activities
(388.0)
(115.2)
Effect of exchange rate changes on cash and cash equivalents
(5.9)
19.7
Net increase (decrease) in cash and cash equivalents
31.9
(201.1)
Cash and cash equivalents - beginning of period
356.2
503.8
Cash and cash equivalents - end of period
$
388.1
$
302.7
7
SUPPLEMENTAL SCHEDULES
ALLEGION PLC
SCHEDULE 1
SELECTED OPERATING SEGMENT INFORMATION
(In millions)
Three months ended September 30,
Nine months ended September 30,
2026
2025
2026
2025
Net revenues
Allegion Americas
$
942.4
$
844.0
$
2,670.9
$
2,423.3
Allegion International
230.2
226.2
686.8
610.8
Total net revenues
$
1,172.6
$
1,070.2
$
3,357.7
$
3,034.1
Operating income (loss)
Allegion Americas
$
294.6
$
242.4
$
776.5
$
690.4
Allegion International
17.2
19.7
40.3
47.1
Corporate unallocated
(27.2)
(28.3)
(82.2)
(87.6)
Total operating income
$
284.6
$
233.8
$
734.6
$
649.9
8
ALLEGION PLC
SCHEDULE 2
The Company presents operating income, operating margin, earnings before income taxes, effective income tax rate, net earnings and diluted earnings per ordinary share (EPS) on both a U.S. GAAP basis and on an adjusted (non-GAAP) basis, revenue growth on a U.S. GAAP basis and organic revenue growth on a non-GAAP basis, EBITDA, adjusted EBITDA and adjusted EBITDA margin (all non-GAAP measures), and available cash flow ("ACF", a non-GAAP measure). The Company presents these non-GAAP measures because management believes they provide useful perspective of the Company’s underlying business results and trends and a more comparable measure of period-over-period results. These measures are also used to evaluate senior management and are a factor in determining at-risk compensation. Investors should not consider non-GAAP measures as alternatives to the related U.S. GAAP measures.
The Company defines the presented non-GAAP measures as follows:
•
Adjustments to operating income, operating margin, earnings before income taxes, effective tax rate, net earnings, EPS and EBITDA include items such as goodwill, indefinite-lived trade name and other asset impairment charges, restructuring charges, acquisition and integration costs, amortization of acquired intangible assets, debt financing costs, gains or losses related to the divestiture of businesses or equity method investments, non-operating investment gains or losses, non-cash pension settlement charges, and tariff refunds;
•
Organic revenue growth is defined as U.S. GAAP revenue growth excluding the impact of acquisitions, divestitures and currency effects; and
•
ACF is defined as U.S. GAAP net cash from operating activities less capital expenditures.
These non-GAAP measures may not be defined and calculated the same as similar measures used by other companies.
RECONCILIATION OF GAAP TO NON-GAAP NET EARNINGS
(In millions, except per share data)
Three months ended September 30, 2026
Three months ended September 30, 2025
Reported
Adjustments
Adjusted (non-GAAP)
Reported
Adjustments
Adjusted (non-GAAP)
Net revenues
$
1,172.6
$
—
$
1,172.6
$
1,070.2
$
—
$
1,070.2
Operating income
284.6
5.1
(1)
289.7
233.8
23.6
(1)
257.4
Operating margin
24.3
%
24.7
%
21.8
%
24.1
%
Earnings before income taxes
267.8
0.1
(2)
267.9
208.9
24.6
(2)
233.5
Provision for income taxes
46.9
—
46.9
20.5
14.3
(3)
34.8
Effective income tax rate
17.5
%
17.5
%
9.8
%
14.9
%
Net earnings
$
220.9
$
0.1
$
221.0
$
188.4
$
10.3
$
198.7
Diluted earnings per ordinary share:
$
2.59
$
0.01
$
2.60
$
2.18
$
0.12
$
2.30
(1)
Adjustments to operating income for the three months ended September 30, 2026, consist of $8.0 million of restructuring charges and acquisition and integration expenses and $17.0 million of amortization expense related to acquired intangible assets, partially offset by $19.9 million for tariff refunds. Adjustments to operating income for the three months ended September 30, 2025, consist of $4.6 million of restructuring charges and acquisition and integration expenses and $19.0 million of amortization expense related to acquired intangible assets.
(2)
Adjustments to earnings before income taxes for the three months ended September 30, 2026, consist of the adjustments to operating income discussed above, a $4.1 million net gain on non-operating investments and $0.9 million of interest income related to tariff refunds. Adjustments to earnings before income taxes for the three months ended September 30, 2025, consist of the adjustments to operating income discussed above as well as a $1.1 million loss on divestiture.
(3)
Adjustments to the provision for income taxes for the three months ended September 30, 2025, consist of $14.3 million of tax expense related to the excluded items discussed above.
9
Nine months ended September 30, 2026
Nine months ended September 30, 2025
Reported
Adjustments
Adjusted (non-GAAP)
Reported
Adjustments
Adjusted (non-GAAP)
Net revenues
$
3,357.7
$
—
$
3,357.7
$
3,034.1
$
—
$
3,034.1
Operating income
734.6
52.8
(1)
787.4
649.9
62.8
(1)
712.7
Operating margin
21.9
%
23.5
%
21.4
%
23.5
%
Earnings before income taxes
667.2
52.4
(2)
719.6
584.5
63.9
(2)
648.4
Provision for income taxes
123.6
13.0
(3)
136.6
88.2
23.6
(3)
111.8
Effective income tax rate
18.5
%
19.0
%
15.1
%
17.2
%
Net earnings
543.6
39.4
583.0
496.3
40.3
536.6
Diluted earnings per ordinary share:
$
6.33
$
0.46
$
6.79
$
5.73
$
0.47
$
6.20
(1)
Adjustments to operating income for the nine months ended September 30, 2026, consist of $21.4 million of restructuring charges and acquisition and integration expenses and $51.3 million of amortization expense related to acquired intangible assets, partially offset by $19.9 million for tariff refunds. Adjustments to operating income for the nine months ended September 30, 2025, consist of $14.2 million of restructuring charges and acquisition and integration expenses and $48.6 million of amortization expense related to acquired intangible assets.
(2)
Adjustments to earnings before income taxes for the nine months ended September 30, 2026, consist of the adjustments to operating income discussed above, a $3.7 million non-cash pension settlement charge, a $0.1 million adjustment to a previously recorded loss on divestiture, a $3.3 million net gain on non-operating investments and $0.9 million of interest income related to tariff refunds. Adjustments to operating income for the nine months ended September 30, 2025, consist of the adjustments to operating income discussed above as well as a $1.1 million loss on divestiture.
(3)
Adjustments to the provision for income taxes for the nine months ended September 30, 2026, consist of $13.0 million of tax expense related to the excluded items discussed above. Adjustments to the provision for income taxes for the nine months ended September 30, 2025, consist of $15.1 million of tax expense related to the excluded items discussed above, as well as an $8.5 million tax benefit related to a legislative change.
10
ALLEGION PLC
SCHEDULE 3
RECONCILIATION OF GAAP TO NON-GAAP REVENUE AND OPERATING INCOME BY REGION
(In millions)
Three months ended September 30, 2026
Three months ended September 30, 2025
As Reported
Margin
As Reported
Margin
Allegion Americas
Net revenues (GAAP)
$
942.4
$
844.0
Operating income (GAAP)
$
294.6
31.3
%
$
242.4
28.7
%
Restructuring charges
0.3
—
%
—
—
%
Acquisition and integration costs
0.4
—
%
0.3
—
%
Amortization of acquired intangible assets
8.4
0.9
%
9.3
1.2
%
Tariff refunds
(19.9)
(2.1)
%
—
—
%
Adjusted operating income
283.8
30.1
%
252.0
29.9
%
Depreciation and amortization of nonacquired intangible assets
12.4
1.3
%
11.1
1.3
%
Adjusted EBITDA
$
296.2
31.4
%
$
263.1
31.2
%
Allegion International
Net revenues (GAAP)
$
230.2
$
226.2
Operating income (GAAP)
$
17.2
7.5
%
$
19.7
8.7
%
Restructuring charges
5.3
2.3
%
0.9
0.4
%
Acquisition and integration costs
0.8
0.3
%
2.0
0.9
%
Amortization of acquired intangible assets
8.6
3.8
%
9.7
4.3
%
Adjusted operating income
31.9
13.9
%
32.3
14.3
%
Depreciation and amortization of nonacquired intangible assets
5.7
2.5
%
5.3
2.3
%
Adjusted EBITDA
$
37.6
16.4
%
$
37.6
16.6
%
Corporate
Operating loss (GAAP)
$
(27.2)
$
(28.3)
Acquisition and integration costs
1.2
1.4
Adjusted operating loss
(26.0)
(26.9)
Depreciation and amortization of nonacquired intangible assets
0.2
0.3
Adjusted EBITDA
$
(25.8)
$
(26.6)
Total
Net revenues
$
1,172.6
$
1,070.2
Adjusted operating income
$
289.7
24.7
%
$
257.4
24.1
%
Depreciation and amortization of nonacquired intangible assets
18.3
1.6
%
16.7
1.6
%
Adjusted EBITDA
$
308.0
26.3
%
$
274.1
25.7
%
11
Nine months ended September 30, 2026
Nine months ended September 30, 2025
As Reported
Margin
As Reported
Margin
Allegion Americas
Net revenues (GAAP)
$
2,670.9
$
2,423.3
Operating income (GAAP)
$
776.5
29.1
%
$
690.4
28.5
%
Restructuring charges
4.5
0.2
%
0.1
—
%
Acquisition and integration costs
1.3
—
%
1.4
0.1
%
Amortization of acquired intangible assets
25.1
0.9
%
26.6
1.0
%
Tariff refunds
(19.9)
(0.7)
%
—
—
%
Adjusted operating income
787.5
29.5
%
718.5
29.6
%
Depreciation and amortization of nonacquired intangible assets
36.5
1.4
%
32.6
1.4
%
Adjusted EBITDA
$
824.0
30.9
%
$
751.1
31.0
%
Allegion International
Net revenues (GAAP)
$
686.8
$
610.8
Operating income (GAAP)
$
40.3
5.8
%
$
47.1
7.7
%
Restructuring charges
10.9
1.6
%
1.9
0.3
%
Acquisition and integration costs
1.2
0.2
%
6.3
1.1
%
Amortization of acquired intangible assets
26.2
3.8
%
22.0
3.6
%
Adjusted operating income
78.6
11.4
%
77.3
12.7
%
Depreciation and amortization of nonacquired intangible assets
16.9
2.5
%
14.2
2.3
%
Adjusted EBITDA
$
95.5
13.9
%
$
91.5
15.0
%
Corporate
Operating loss (GAAP)
$
(82.2)
$
(87.6)
Acquisition and integration costs
3.5
4.5
Adjusted operating loss
(78.7)
(83.1)
Depreciation and amortization of nonacquired intangible assets
0.6
0.7
Adjusted EBITDA
$
(78.1)
$
(82.4)
Total
Net revenues
$
3,357.7
$
3,034.1
Adjusted operating income
$
787.4
23.5
%
$
712.7
23.5
%
Depreciation and amortization of nonacquired intangible assets
54.0
1.6
%
47.5
1.6
%
Adjusted EBITDA
$
841.4
25.1
%
$
760.2
25.1
%
12
ALLEGION PLC
SCHEDULE 4
RECONCILIATION OF CASH PROVIDED BY OPERATING ACTIVITIES TO AVAILABLE CASH FLOW AND NET EARNINGS TO ADJUSTED EBITDA
(In millions)
Nine months ended September 30,
2026
2025
Net cash provided by operating activities
$
604.0
$
543.7
Capital expenditures
(64.6)
(58.5)
Available cash flow
$
539.4
$
485.2
Three months ended September 30,
Nine months ended September 30,
2026
2025
2026
2025
Net earnings (GAAP)
$
220.9
$
188.4
$
543.6
$
496.3
Provision for income taxes
46.9
20.5
123.6
88.2
Interest expense
24.2
26.6
73.2
75.9
Amortization of acquired intangible assets
17.0
19.0
51.3
48.6
Depreciation and amortization of nonacquired intangible assets
18.3
16.7
54.0
47.5
EBITDA
327.3
271.2
845.7
756.5
Tariff refunds
(19.9)
—
(19.9)
—
Other income, net
(7.4)
(1.7)
(5.8)
(10.5)
Acquisition and integration costs and restructuring charges
8.0
4.6
21.4
14.2
Adjusted EBITDA
$
308.0
$
274.1
$
841.4
$
760.2
13
ALLEGION PLC
SCHEDULE 5
RECONCILIATION OF GAAP REVENUE GROWTH TO NON-GAAP ORGANIC REVENUE GROWTH BY REGION
Three months ended September 30,
Nine months ended September 30,
2026
2025
2026
2025
Allegion Americas
Revenue growth (GAAP)
11.7
%
7.9
%
10.2
%
7.1
%
Acquisitions
(2.6)
%
(1.5)
%
(2.6)
%
(2.0)
%
Currency translation effects
—
%
—
%
—
%
0.2
%
Organic growth (non-GAAP)
9.1
%
6.4
%
7.6
%
5.3
%
Allegion International
Revenue growth (GAAP)
1.8
%
22.5
%
12.4
%
8.2
%
Acquisitions / divestitures
(2.5)
%
(13.6)
%
(10.5)
%
(5.4)
%
Currency translation effects
0.5
%
(5.3)
%
(4.0)
%
(2.1)
%
Organic growth (non-GAAP)
(0.2)
%
3.6
%
(2.1)
%
0.7
%
Total
Revenue growth (GAAP)
9.6
%
10.7
%
10.7
%
7.3
%
Acquisitions / divestitures
(2.6)
%
(3.9)
%
(4.2)
%
(2.6)
%
Currency translation effects
0.2
%
(0.9)
%
(0.8)
%
(0.3)
%
Organic growth (non-GAAP)
7.2
%
5.9
%
5.7
%
4.4
%
14