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EX-99.1

2 exhibit991-pressreleasedat.htm

EX-99.1 PRESS RELEASE DATED APRIL 28, 2026

Document

Allegion (NYSE: ALLE) Reports Q1-2026 Financial Results

High-Single Digit Revenue Growth for the Enterprise;

Affirming FY-2026 Organic Revenue Outlook

Quarterly Financial Highlights

(All comparisons are year-over-year, unless otherwise noted)

▪Net earnings per share (EPS) of $1.59, down 7.0% compared with $1.71; Adjusted EPS of $1.80, down 3.2% compared with $1.86

▪Revenues of $1,033.6 million, up 9.7% on a reported basis and up 2.6% on an organic basis

▪Operating margin of 18.9%, compared with 20.9%; Adjusted operating margin of 21.2%, compared with 22.7%

DUBLIN (April 28, 2026) – Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, today reported financial results for its first quarter (ended March 31, 2026).

“Allegion delivered strong Q1 revenue growth led by our Americas non-residential and electronics businesses,” Allegion President and CEO John H. Stone said. “Our team remains agile, proactively managing inputs to offset external pressures in a volatile macro environment. I’m especially proud of our people and our culture, recognized with our third Gallup Exceptional Workplace Award in March of this year.”

Q1 2026 Company Results

(All comparisons are year-over-year, unless otherwise noted)

Allegion reported first-quarter 2026 net revenues of $1,033.6 million and net earnings of $138.1 million, or $1.59 per share. Adjusted net earnings were $155.9 million, or $1.80 per share, down 3.2%. (Details of the adjustments are included in the footnotes of the tables in this press release.)

First-quarter 2026 net revenues increased 9.7%. On an organic basis, which excludes impacts of acquisitions, divestitures and foreign currency movements, net revenues increased 2.6%, led by the Americas region. The organic revenue increase was driven by price realization partially offset by volume declines. Reported revenue reflects a 4.8% net positive impact from acquisitions and divestitures, as well as a 2.3% tailwind from foreign currency.

First-quarter 2026 operating income was $195.3 million, a decrease of $1.1 million or 0.6%. Adjusted operating income in first-quarter 2026 was $218.9 million, an increase of $5.5 million or 2.6%.

First-quarter 2026 operating margin was 18.9%, compared with 20.9%. The adjusted operating margin in first-quarter 2026 was 21.2%, compared with 22.7%. The adjusted operating margin decline is attributable to headwinds from volume declines and price and productivity net of inflation and investment (PPII), inclusive of transactional foreign currency, which was positive on a dollar basis but a headwind to margin rate.

Q1 2026 Segment Results

(All comparisons are year-over-year, unless otherwise noted)

The Americas segment revenues were up 6.9% (up 4.5% on an organic basis). The non-residential business was up mid-single digits organically, driven by price realization. The residential business was flat organically, with price realization offsetting volume declines. The reported revenue reflects a 2.1%

1

positive impact from acquisitions and a slight tailwind from foreign currency. Adjusted operating margin in the region decreased 110 basis points to 28.1% due to volume declines in the residential business and unfavorable mix. PPII, inclusive transactional foreign currency headwinds, was positive on a dollar basis but a headwind to margin rate. Acquisitions were also a 40-basis point headwind to margin rate.

The International segment revenues were up 21.5% (down 5.3% on an organic basis). The organic revenue decrease was primarily driven by volume declines related to disruptions from an ERP implementation in one of the company's legacy mechanical businesses, partially offset by price realization. Reported revenue reflects a 15.9% net positive impact from acquisitions and divestitures and a 10.9% tailwind from foreign currency. Adjusted operating margin in the region decreased 220 basis points to 8.0%, driven by volume declines and a PPII headwind, offset by favorable impacts from acquisitions. The margin rate decline was primarily driven by the ERP implementation previously mentioned. Production rates in the affected legacy mechanical business are improving, and we expect to recover the ERP production related shortfall over the remainder of 2026, as supported by existing orders and backlog.

Additional Items

(All comparisons are year-over-year, unless otherwise noted)

Interest expense for first-quarter 2026 was $24.2 million, a decrease of $0.5 million.

Other income, net for first-quarter 2026 was $0.4 million, compared to other income, net of $3.5 million.

The company’s effective tax rate for first-quarter 2026 was 19.5%, compared with 15.4%. The company’s adjusted effective tax rate for first-quarter 2026 was 20.1%, compared with 16.1%.

Cash Flow and Liquidity

Year-to-date available cash flow for 2026 was $80.3 million, a decrease of $3.1 mill

alle-20260217Allegion plc0001579241false00015792412026-02-172026-02-170001579241us-gaap:CommonStockMember2026-02-172026-02-170001579241alle:ThreePointFivePercentSeniorNotesDue2029Member2026-02-172026-02-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): – February 17, 2026

ALLEGION PUBLIC LIMITED COMPANY

(Exact Name of Registrant as Specified in Charter)

Ireland001-3597198-1108930 (State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

Unit No. 233

The Capel Building

Mary's Abbey

Dublin 7 IrelandD07 X324 (Address of Principal Executive Offices)(Zip Code)

(353) (1) 6833399 (Registrant’s telephone number, including area code)

N/A (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Ordinary shares, par value $0.01 per shareALLENew York Stock Exchange 3.500% Senior Notes due 2029ALLE 3 ½New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company    ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02Results of Operations and Financial Condition

On February 17, 2026, Allegion plc (the “Company”) issued a press release announcing its fourth quarter 2025 results. The information in this Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference.

Item 9.01Financial Statements and Exhibits (d)Exhibits

Exhibit No. Description

99.1 Press Release of Allegion plc dated February 17, 2026

104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ALLEGION PLC

(Registrant)

Date:February 17, 2026 /s/ Michael J. Wagnes Michael J. Wagnes Senior Vice President and Chief Financial Officer