ALALLEEarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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ALLE earnings call: For full year 2026, we expect to deliver low double-digit EPS growth, consistent with our long-term earnings framework. As in prior periods, this outlook excludes the benefit of future capital deployment and therefore, assumes a share count of 85.6 million.Allegion Plc (ALLE) 电话会：约翰·斯通表示，2026年全年我们预计实现低两位数每股收益增长，符合我们的长期盈利框架。与此前期间一致，该展望未计入未来资本配置的收益，因此假设总股本为8560万股。
Management remarks
Call period: 2026 Q3 · 2026-10-22
Guidance: John Stone: For full year 2026, we expect to deliver low double-digit EPS growth, consistent with our long-term earnings framework. As in prior periods, this outlook excludes the benefit of future capital deployment and therefore, assumes a share count of 85.6 million.
Demand and orders: John Stone: Residential markets continue to face headwinds from inflation and high interest rates but multiple years of low activity supports a stable demand outlook in 2027 with growth driven primarily by price.
Analyst Q&A
Analyst Joseph O'Dea asked: John, can you just talk a little bit more and unpack some of the strength that you're seeing in Americas Non-Res, the organic this quarter kind of equal parts volume, enterprise and so in particular, volume that's in that mid-single-digit type of territory. If you could talk a little bit about the end market strength there, where the spec writing activity is seeing signs of strength? Management John Stone answered: Our spec activity continues to be strong, as we've said the past few quarters, and that strength continues to be broad-based. Certainly, growth in data center forms a good base for 2027 volume growth as we look forward, but we do expect other verticals to contribute there as well. And as we mentioned in the prepared remarks, we see an inflationary environment continuing, and you should expect price to remain elevated as a result. We do feel that I think trade labor -- skilled trade labor can be a bit of a governor on year-on-year market growth.
