Q1 2026 Allegion PLC Earnings Call Transcript
Key Points
- Allegion PLC (ALLE) reported a high single-digit revenue growth in Q1, driven by the Americas non-residential business and acquisitions.
- The company raised its reported revenue outlook for the year to 6% to 8% due to the DCI acquisition.
- Allegion PLC (ALLE) introduced the next generation LCN Senior Swing series of auto operators, which are expected to drive organic growth.
- The acquisition of DCI is expected to improve competitiveness on the West Coast, enhancing service and reducing costs.
- Allegion PLC (ALLE) was honored with the Gallup Exceptional Workplace Award for the third consecutive year, highlighting strong workplace culture.
- Q1 organic revenue growth and margins in the International segment were negatively impacted by an ERP implementation.
- Adjusted operating margin decreased by 150 basis points compared to last year, due to volume declines and mix.
- Adjusted earnings per share decreased by 3.2% versus the prior year, impacted by higher tax and interest.
- The Americas segment experienced a 110 basis points decline in adjusted operating margins due to acquisitions and unfavorable mix.
- The International segment saw a 220 basis points decrease in adjusted operating margin, affected by ERP-related inefficiencies.
Good day, everyone. My name is Stefan and I'll be your conference operator today. At this time, I'd like to welcome you to Allegion's first-quarter earnings call. (Operator Instructions)
At this time, I'd like to turn the call over to Jobi Coyle, Director of Investor Relations.
Thank you, Stefan. Good morning, everyone. Thank you for joining us for Allegionâs first-quarter 2026 earnings call. With me today are John Stone, President and Chief Executive Officer; and Mike Wagnes, Senior Vice President and Chief Financial Officer of Allegion.
Our earnings release, which was issued earlier this morning, and the presentation, which we will refer to in todayâs call, are available on our website at investor.allegion.com. This call will be recorded and archived on our website.
Please go to slide 2. Statements made in todayâs call that are not historical facts are considered forward-looking statements and are made pursuant to the Safe Harbor provisions of Federal Securities
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