Allegion delivered strong third-quarter results, achieving double-digit revenue growth and raising its full-year adjusted earnings per share outlook to between $8.10 and $8.20, driven by solid performance across both the Americas and International segments.
- Q3 revenue exceeded $1 billion, up 10.7% year-over-year, with organic revenue growth of 5.9%.
- Adjusted earnings per share rose 6.5% to $2.30, supported by operational performance and successful acquisitions.
- The Americas segment saw a 7.9% increase in revenue, fueled by strong demand in the nonresidential market.
- Cash flow improved significantly, with year-to-date available cash flow at $485.2 million, up 25.1% compared to the previous year.
- Allegion executed two key acquisitions, UAP and Brisant, enhancing its product portfolio and cost position.
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