ALLE · Allegion Q2 FY2026 earnings call record财报电话会记录

“In our International segment, we made progress on the ERP challenges experienced in the first quarter, consistent with our expectations.”

“With respect to our full year, we're raising our reported revenue outlook to 7.5%-8.5%, and our outlook for organic revenue growth to 3.5%-4.5% based on stronger expected demand in the Americas, partially offset by weaker international demand.”

“As demand for mobile technology increases on college campuses, these customers are moving from plastic cards and mechanical keys to contactless mobile credentials provided and managed by Allegion.”

“Allegion paid $47 million in dividends, and we repurchased $120 million of Allegion shares in the second quarter.”

“This favorability was partially offset by acquisitions, which were a 30 basis point headwind to margins.”

“Americas Segment adjusted operating income of $276.4 million increased 12.5% versus the prior year.”

“Volume leverage was a tailwind to margin rates, and acquisitions were a 40 basis point headwind as expected.”

“Our International Segment delivered revenue of $232.9 million, which was up 16.2% on a reported basis, but down 1.2% organically.”

“International Segment adjusted operating income of $28.8 million increased 9.9% versus the prior year.”

“Volume deleverage was also a headwind to margins.”

“Midway through the year, we are raising our organic revenue growth outlook to 3.5%-4.5% and adjusted earnings per share outlook to $8.85-$9.”

“We are raising our reported revenue outlook to 7.5%-8.5% based on changes to the organic growth range.”