Allegion (NYSE:ALLE) reported fourth-quarter and full-year 2025 results on Tuesday, surpassing the $4 billion annual revenue milestone for the first time as the security giant benefits from a surge in electronic lock adoption and a resilient U.S. commercial market.
The Dublin-based provider of Schlage and Von Duprin systems posted full-year revenue of $4.07 billion, a 7.8% increase year-over-year.
Profits followed suit, with full-year adjusted earnings per share (EPS) rising 8.1% to $8.14, comfortably beating the company's own upwardly revised guidance.
For the fourth quarter, Allegion reported a 9.3% revenue jump to $1.03 billion, while adjusted EPS rose to $1.94.
The company's performance was anchored by its Americas segment, particularly within the non-residential sector, where institutional demand for education and healthcare security remained high.
Organic revenue—which excludes the impact of acquisitions and currency—grew 4.1% for the year, led by a double-digit increase in electronic security solutions.
Despite some softness in the global residential housing market, Allegion was able to expand its profitability.
Full-year adjusted operating margins climbed 40 basis points to 23.2%, driven by pricing power and productivity gains that offset inflationary pressures and a dynamic tariff environment.
Looking toward 2026, Allegion initiated an optimistic forecast that suggests continued market share gains.
The company expects total revenue growth of 5% to 7%, with organic growth expected between 2% and 4%.