Slide 1: Q4-2025 Earnings Call
Q4-2025 Earnings Call February 17, 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: Solid Execution, Staying Agile
Solid Execution, Staying Agile ▪ HSD revenue growth in Q4 and FY-2025 ▪ Accretive capital deployment ▪ Initiating 2026 Adj. EPS outlook of $8.70-$8.90 3 Q4-2025 Financial Results
Slide 4: Capital Allocation
Capital Allocation Invest for Acquisitions Dividend Share Repurchases Organic Growth ~$630M $175M $80M Performance Series Locks FY 2025 FY 2025 4050 Aluminum Series 70 Series Exit Devices 4 Q4-2025 Financial Results
Slide 5: Q4-2025 Financial Summary
Q4-2025 Financial Summary Revenue Adjusted OI Adjusted EBITDA Adjusted ACF YTD $Millions Margin Margin EPS $Millions +9.3% +30 bps +40 bps +4.3% +17.6% $1,033.2 23.6% 24.0% $1.86 $1.94 $685.7 $945.6 22.1% 22.4% $582.9 Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 ▪ Organic growth of 3.
Slide 6: Q4-2025 Allegion Americas Results
Q4-2025 Allegion Americas Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +6.1% -30 bps -20 bps $750.0 $795.5 28.7% 28.5% 27.4% 27.1% Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 Q4 Revenue Performance Q4 Adjusted Margin Performance ▪ Organic revenue growth of 4.8% ▪ Price, productivity, inflation, i
Slide 7: Q4-2025 Allegion International Results
Q4-2025 Allegion International Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +21.5% +90 bps +90 bps $195.6 $237.7 16.7% 18.1% 19.0% 15.8% Q4 24 Q4 25 Q4 24 Q4 25 Q4 24 Q4 25 Q4 Revenue Performance Q4 Adjusted Margin Performance ▪ Organic revenue decline of 2.3% ▪ Price, productivity, infla
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Available Cash Flow Working Capital Leverage $Millions % of Revenue +17.6% 6.8% 6.1% 2.2x 2.0x $685.7 $582.9 1.6x 1.6x FY 24 FY 25 Q4 24 Q4 25 Q4 24 Q4 25 Capex $92.1M $98.1M Gross Debt/Adj EBITDA Net Debt /Adj EBITDA ▪ Increased available cash flow driven ▪ Working capital
Slide 9: 2026 End Market Overview
2026 End Market Overview ▪ Expecting non-residential volume growth similar to 2025, with lower price contribution still expected to cover inflation Americas ▪ Broad non-residential market exposure with large installed base to support aftermarket ▪ Residential markets remain soft ▪ Markets remain slu
Slide 10: FY-2026 Outlook
FY-2026 Outlook Outlook Other Items Total Company Reported: Organic: ▪ Interest / Other Expense: ~Flat to ‘25 Revenue 5.0% - 7.0% 2.0% - 4.0% ▪ Tax Rate: 18%-19% ▪ Average Diluted Shares: ~86.6M Segment Revenue Americas: International: +LSD/MSD +LSD ▪ Adjusted EPS excludes acquired Organic intangibl
Slide 11: Solid Execution, Staying Agile
Solid Execution, Staying Agile ▪ HSD revenue growth in Q4 and FY-2025 ▪ Accelerated capital deployment ▪ Initiating 2026 Adj. EPS outlook of $8.70-$8.90 11 Q4-2025 Financial Results
Slide 12: Appendix
ALLEGION’ PIONEERING SAFETY” Appendix
Slide 13: Q4-2025 Revenue Results
Q4-2025 Revenue Results $Millions 1,200.0 $1,070 $1,033 1,100.0 $1,022 1,000.0 $946 $942 900.0 800.0 700.0 600.0 500.0 400.0 3.5% 4.0% 3.2% 5.9% 3.3% 300.0 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Current Quarter Revenue Prior Quarter Revenue Organic Growth % noted Reported Organic Americas Q4 6.1% 4
Slide 14: Q4-2025 Allegion EPS Performance
Q4-2025 Allegion EPS Performance Restructuring: $0.09 Restructuring: ($0.02) M&A: $0.01 M&A: ($0.04) Amortization: $0.12 Amortization: ($0.15) Other: ($0.01) Other: ($0.03) 14 Q4-2025 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 15: FY-2025 Financial Summary
FY-2025 Financial Summary Revenue Adjusted OI Adjusted EBITDA Adjusted ACF YTD $Millions Margin Margin EPS $Millions +7.8% +40 bps +40 bps +8.1% +17.6% 24.4% 24.8% $8.14 22.8% 23.2% $7.53 $685.7 $4,067.3 $582.9 $3,772.2 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 ▪ Organic growth of
Slide 16: FY-2025 Allegion EPS Performance
FY-2025 Allegion EPS Performance Restructuring: $0.11 Restructuring: ($0.04) M&A: $0.10 M&A: ($0.15) Amortization: $0.48 Amortization: ($0.57) Impairment: $0.02 Other: $0.06 16 Q4-2025 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 17: FY-2026 EPS Outlook Details
FY-2026 EPS Outlook Details Tax rate at midpoint Inclusive of $0.10-$0.15 of 18% - 19% from acquisitions 17 Q4-2025 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 18: 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 19: 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