Allegion Plc · NYSE:ALLE
Allegion — Q3 2026 Earnings Presentation
17 slides from Allegion's earnings presentation, Oct 22, 2026
Slide 1: Q3-2026 Earnings Call
Q3-2026 Earnings Call October 22, 2026
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Statements This presentation 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, which are statements
Slide 3: Continued Momentum
Continued Momentum ▪ HSD organic revenue growth; Strength in Americas Non-Residential ▪ Low-teens Adj. EPS growth ▪ Raising 2026 full-year outlook 3 Q3-2026 Financial Results
Slide 4: Capital Allocation
Capital Allocation Invest for Ventures & Dividend Share Repurchases Organic Growth Acquisitions Q3 ventures investment ~$46M ~$120M $0.55 per ordinary In Q3 2026 share of the company Allegion Optimize Q4 acquisition 4 Q3-2026 Financial Results
Slide 5: Q3-2026 Financial Summary
Q3-2026 Financial Summary Revenue Adjusted OI Adjusted EBITDA Adjusted ACF YTD $Millions Margin Margin EPS $Millions +9.6% +60 bps +60 bps +13.0% +11.2% 26.3% $2.60 $1,172.6 24.7% 25.7% $2.30 $1,070.2 24.1% $539.4 $485.2 Q3 25 Q3 26 Q3 25 Q3 26 Q3 25 Margin EBITDA Q3 26 Q3 25 Q3 26 Q3 25 Q3 26 ▪ Org
Slide 6: Q3-2026 Allegion Americas Results
Q3-2026 Allegion Americas Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +11.7% +20 bps +20 bps $942.4 $844.0 29.9% 30.1% 31.2% 31.4% Q3 25 Q3 26 Q3 25 Q3 26 Q3 25 Q3 26 Q3 Revenue Performance Q3 Adjusted Margin Performance ▪ Organic revenue growth of 9.1% ▪ PPII tailwind of $13.5M (inclusi
Slide 7: Q3-2026 Allegion International Results
Q3-2026 Allegion International Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +1.8% -40 bps -20 bps $230.2 $226.2 14.3% 16.6% 16.4% 13.9% Q3 25 Q3 26 Q3 25 Q3 26 Q3 25 Q3 26 Q3 Revenue Performance Q3 Adjusted Margin Performance ▪ Organic revenue decline of 0.2% ▪ PPII tailwind of $1.0M; 30
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Available Cash Flow Working Capital Leverage $Millions % of Revenue +11.2% $539.4 2.1x $485.2 7.9% 7.9% 1.9x 1.8x 1.5x Q3 YTD 25 Q3 YTD 26 Q3 25 Q3 26 Q3 25 Q3 26 Capex $58.5M $64.6M Gross Debt/Adj EBITDA Net Debt /Adj EBITDA ▪ Available cash flow increase due to ▪ Working
Slide 9: FY-2026 Outlook
FY-2026 Outlook Prior Outlook Current Outlook Total Company Reported: Organic: Reported: Organic: Revenue 7.5% - 8.5% 3.5% - 4.5% 9.5% - 10.5% 5.0% - 6.0% Segment Revenue Americas: International: Americas: International: Organic +MSD+ -LSD +7.0% - 8.0% -LSD Acquisitions / Divestitures ~+2.0% ~+7.5%
Slide 10: 2027 Preview
2027 Preview Market Assumptions Margin Drivers Americas Americas ▪ Broad-based strength in Non-Residential ▪ Assumes price and inflation remain elevated; demand Will continue protecting OI dollars ▪ Residential growth driven by pricing ▪ Organic incremental margins in line with long-term framework1
Slide 11: Continued Momentum
Continued Momentum ▪ HSD organic revenue growth; Strength in Americas Non-Residential ▪ Low-teens Adj. EPS growth ▪ Raising 2026 full-year outlook 11 Q3-2026 Financial Results
Slide 12: Appendix
ALLEGION’ PIONEERING SAFETY” Appendix
Slide 13: Q3-2026 Allegion EPS Performance
Q3-2026 Allegion EPS Performance Restructuring: $0.01 Restructuring: ($0.05) M&A: $0.03 M&A: ($0.02) Amortization: $0.17 Amortization: ($0.16) Loss on sale: $0.01 IEEPA tariff refunds: 0.18 Tax Benefit: ($0.10) Other: $0.04 13 Q3-2026 Financial Results See appendix for definitions and press release
Slide 14: FY-2026 Outlook Details
FY-2026 Outlook Details 2026 Other Items ▪ Corporate: H2 approximates H1 ▪ Interest / Other Expense: H2 approximates H1 ▪ Tax Rate: 18.0% - 19.0% ▪ Average Diluted Shares: ~85.6M ▪ Adjusted EPS excludes: ▪ Acquired intangible asset amortization ~$0.60 ▪ Restructuring, M&A and other adjustments ~$0.2
Slide 15: FY-2026 EPS Outlook
FY-2026 EPS Outlook Inclusive of ~$0.20 - $0.25 from Acquisitions 15 Q3-2026 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 16: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures The company presents operating income, operating margin, earnings before income tax, effective tax rate, net debt, net earnings and diluted earnings per share (EPS) on both a U.S. GAAP basis and on an adjusted (non-GAAP) basis, revenue growth on a U.S. GAAP basis
Slide 17: About Allegion
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 Vo