Allegion Plc · NYSE:ALLE
Allegion — Q1 2026 Earnings Presentation
15 slides from Allegion's earnings presentation, Apr 28, 2026
Slide 1: Q1-2026 Earnings Call
Q1-2026 Earnings Call April 28, 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: Staying Agile & Customer-Focused
Staying Agile & Customer-Focused ▪ High-single digit revenue growth ▪ Balanced capital deployment ▪ Raising 2026 reported revenue outlook to 6-8% ▪ Affirming 2026 Adj. EPS and organic growth outlook 3 Q1-2026 Financial Results
Slide 4: Capital Allocation
Capital Allocation Invest for Acquisitions Dividend Share Repurchases Organic Growth ~$47M ~$40M LCN® Senior Swing $0.55 per ordinary share In Q1 2026 of the company 4 Q1-2026 Financial Results
Slide 5: Q1-2026 Financial Summary
Q1-2026 Financial Summary Revenue Adjusted OI Adjusted EBITDA Adjusted ACF YTD $Millions Margin Margin EPS $Millions +9.7% -150 bps -130 bps -3.2% -3.7% $1,033.6 24.2% $83.4 $80.3 22.7% 22.9% $1.86 $941.9 21.2% $1.80 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 ▪ Organic growth of 2.6
Slide 6: Q1-2026 Allegion Americas Results
Q1-2026 Allegion Americas Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +6.9% -110 bps -90 bps $757.8 $809.9 29.2% 28.1% 30.5% 29.6% Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 Revenue Performance Q1 Adjusted Margin Performance ▪ Organic revenue growth of 4.5% ▪ Volume declines and unfavorable
Slide 7: Q1-2026 Allegion International Results
Q1-2026 Allegion International Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +21.5% -220 bps -200 bps $184.1 $223.7 10.2% 12.5% 10.5% 8.0% Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 Revenue Performance Q1 Adjusted Margin Performance ▪ Organic revenue decline of 5.3% ▪ Volume declines headwind
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Available Cash Flow Working Capital Leverage $Millions % of Revenue -3.7% $83.4 $80.3 9.0% 9.9% 2.1x 2.0x 1.6x 1.7x Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Capex $21.1M $21.0M Gross Debt/Adj EBITDA Net Debt /Adj EBITDA ▪ Available cash flow relatively consistent ▪ Working capit
Slide 9: 2026 Outlook Commentary
2026 Outlook Commentary ▪ Stable demand trends; End market assumptions unchanged ▪ Modest incremental headwind in 2026 from recent tariff changes Americas and higher inflation, expect to offset with a combination of price and cost actions, not reflected in outlook given volatility; Expect to be neut
Slide 10: Staying Agile & Customer-Focused
Staying Agile & Customer-Focused ▪ High-single digit revenue growth ▪ Balanced capital deployment ▪ Raising 2026 reported revenue outlook to 6-8% ▪ Affirming 2026 Adj. EPS and organic growth outlook 10 Q1-2026 Financial Results
Slide 11: Appendix
ALLEGION’ PIONEERING SAFETY” Appendix
Slide 12: Q1-2026 Allegion EPS Performance
Q1-2026 Allegion EPS Performance Restructuring: $0.01 Restructuring: ($0.04) M&A: $0.01 M&A: ($0.02) Amortization: $0.13 Amortization: ($0.15) 12 Q1-2026 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 13: FY-2026 Outlook
FY-2026 Outlook Prior Outlook Current Outlook Total Company Reported: Organic: Reported: Organic: Revenue 5.0% - 7.0% 2.0% - 4.0% 6.0% - 8.0% 2.0% - 4.0% Segment Revenue Americas: International: Americas: International: Organic +LSD/MSD ~LSD +LSD/MSD ~LSD Acquisitions / Divestitures ~+0.5% ~+8.0% ~+
Slide 14: 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 15: 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