$ALLE

Allegion plc

CIK:0001579241|SEC Filings

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net revenues	$ 1,151.5	$ 1,022.0	$ 2,185.1	$ 1,963.9
Cost of goods sold	634.0	555.5	1,213.1	1,074.9
Selling and administrative expenses	262.8	246.8	522.0	472.9
Operating income	254.7	219.7	450.0	416.1
Interest expense	24.8	24.6	49.0	49.3
Other expense (income), net	2.0	(5.3)	1.6	(8.8)
Total earnings before income taxes	227.9	200.4	399.4	375.6
Provision for income taxes	43.3	40.7	76.7	67.7
Net earnings	$ 184.6	$ 159.7	$ 322.7	$ 307.9
Earnings per share:
Basic net earnings (in dollars per share)	$ 2.15	$ 1.86	$ 3.76	$ 3.57
Diluted net earnings (in dollars per share)	$ 2.15	$ 1.85	$ 3.74	$ 3.56
Weighted-average shares outstanding:
Basic (in shares)	85.7	86.0	85.9	86.2
Diluted (in shares)	86.0	86.4	86.3	86.6
Total comprehensive income	$ 177.9	$ 250.4	$ 294.1	$ 435.2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net earnings	$ 322.7	$ 307.9
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	71.3	61.9
Changes in assets and liabilities and other non-cash items	(94.3)	(55.6)
Net cash provided by operating activities	299.7	314.2
Cash flows from investing activities
Capital expenditures	(38.9)	(38.8)
Acquisition of businesses, net of cash acquired	(75.5)	(47.4)
Other investing activities, net	1.2	3.6
Net cash used in investing activities	(113.2)	(82.6)
Cash flows from financing activities
Repayments of Revolving Facility	(239.0)	0.0
Proceeds from Revolving Facility	289.0	76.0
Debt repayments	0.0	(9.4)
Net proceeds from debt	50.0	66.6
Dividends paid to ordinary shareholders	(94.0)	(87.8)
Repurchase of ordinary shares	(160.6)	(80.0)
Other financing activities, net	(13.3)	2.0
Net cash used in financing activities	(217.9)	(99.2)
Effect of exchange rate changes on cash and cash equivalents	(4.2)	20.6
Net (decrease) increase in cash and cash equivalents	(35.6)	153.0
Cash and cash equivalents - beginning of period	356.2	503.8
Cash and cash equivalents - end of period	$ 320.6	$ 656.8

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 320.6	$ 356.2
Accounts and notes receivable, net	559.7	437.7
Inventories	541.9	519.0
Other Assets, Current	(77.8)	(78.9)
Total current assets	1,500.0	1,391.8
Property, plant and equipment, net	451.8	444.6
Goodwill	1,925.6	1,912.4
Intangible assets, net	816.2	826.0
Other noncurrent assets	667.2	648.9
Total assets	5,360.8	5,223.7
LIABILITIES AND EQUITY
Accounts payable	278.7	244.8
Accrued expenses and other current liabilities	498.4	510.4
Short-term borrowings and current maturities of long-term debt	0.2	0.2
Total current liabilities	777.3	755.4
Long-term debt	2,030.9	1,979.9
Other noncurrent liabilities	434.0	420.8
Total liabilities	3,242.2	3,156.1
Equity:
Ordinary shares, $0.01 par value (85,058,849 and 86,066,997 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively)	0.9	0.9
Capital in excess of par value	0.0	34.2
Retained earnings	2,351.9	2,238.1
Accumulated other comprehensive loss	(234.2)	(205.6)
Total equity	2,118.6	2,067.6
Total liabilities and equity	$ 5,360.8	$ 5,223.7