Building
In Q2 FY2026, Allegion delivered 12.7% revenue growth to $1.15B and 15.6% basic EPS growth to $2.15, with operating margin expanding to 22.1% as pricing, volume/product mix and acquisitions more than offset higher costs and integration expenses. Source: 10-Q Item 2 MD&A, pp.17-18
Key risk: International segment profitability and underlying volumes weakened
Allegion International's Q2 FY2026 revenue growth was driven principally by acquisitions/divestitures and favorable currency, while organic volume declined 2.0%. Its segment operating margin fell 1.4 percentage points to 6.4%, indicating that inflation, investment spending, volume/product mix and integration costs can pressure earnings even when reported revenue rises.
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