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Investing.com -- Allegion plc (NYSE:ALLE) on Thursday reported third-quarter earnings that exceeded analyst expectations, driven by strong performance in its Americas non-residential business and effective pricing strategies.
The security products provider’s shares rose 1.3% following the announcement.
The company reported adjusted earnings per share of $2.30 for the quarter ended September 30, beating the analyst consensus of $2.21. Revenue came in at $1.07 billion, surpassing expectations of $1.04 billion and representing a 10.7% increase from the same period last year. On an organic basis, revenue grew 5.9%.
Allegion’s Americas segment, which accounts for the majority of the company’s business, saw revenues increase by 7.9% (6.4% organically) compared to the same quarter last year. The International segment posted even stronger growth with revenues up 22.5% (3.6% organically).
"Allegion’s third-quarter performance was defined by strong execution producing solid results," said John H. Stone, Allegion President and CEO.
"With enterprise double-digit revenue growth led by our Americas non-residential business and accretive capital deployment, we’re raising our outlook for reported full-year 2025 revenue and adjusted EPS."
The company maintained its adjusted operating margin at 24.1%, nearly unchanged from 24.2% in the prior year period. Allegion’s effective tax rate for the quarter was 9.8%, down from 10.5% a year ago.
Based on the strong quarterly performance, Allegion raised its full-year 2025 revenue growth outlook to 7.0% to 8.0% on a reported basis, while maintaining its organic growth forecast of 3.5% to 4.5%.
The company also increased its full-year EPS guidance to a range of $7.45 to $7.55, or $8.10 to $8.20 on an adjusted basis.
"As we finish out 2025, we remain agile and are steadily delivering on our commitments to customers and shareholders," Stone added.
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