Allegion plc reported a stronger second quarter of 2026, led by broad revenue growth, acquisition contributions and continued demand for electronic security products, while also disclosing a new U.S. acquisition, expanded share-repurchase authorization and ongoing tariff-related developments. For the quarter ended June 30, 2026, Allegion generated net revenues of $1.1515 billion, up 12.7% from $1.0220 billion a year earlier. Growth was attributed to higher volume, favorable pricing, acquisitions net of divestitures and foreign currency benefits. Operating income rose to $254.7 million from $219.7 million, and operating margin improved to 22.1% from 21.5%. Net earnings were $184.6 million, compared with $159.7 million in the prior-year quarter, while diluted earnings per ordinary share increased to $2.15 from $1.85. For the first six months of 2026, Allegion reported net revenues of $2.1851 billion, up 11.3% from $1.9639 billion in the first half of 2025. Six-month operating income increased to $450.0 million from $416.1 million, though operating margin declined to 20.6% from 21.2%, reflecting higher acquisition, integration and restructuring expenses, currency effects and margin pressure from acquisitions. Net earnings for the six-month period were $322.7 million, up from $307.9 million, and diluted earnings per ordinary share rose to $3.74 from $3.56. A key corporate action during the quarter was Allegion’s acquisition of Door Components, Inc. On March 2, 2026, Allegion, through its subsidiaries, acquired 100% of DCI, a U.S.-based manufacturer of custom, quick-ship hollow metal doors and frames for industrial, commercial and institutional markets. The purchase consideration, net of cash acquired, was approximately $70 million. Allegion accounted for the transaction as a business combination, funded it with cash on hand and borrowings under its revolving credit facility, and placed DCI within its Allegion Americas segment. The company also returned capital to shareholders. During the six months ended June 30, 2026, Allegion paid dividends totaling $1.10 per ordinary share. On April 15, 2026, the board replenished the company’s existing ordinary-share repurchase program, authorizing up to $500.0 million in total repurchases under the program. During the first half of 2026, Allegion repurchased approximately 1.2 million ordinary shares for $160.6 million, implying an average repurchase price of about $133.83 per share. Allegion Americas remained the company’s largest business and posted second-quarter net revenues of $918.6 million, up 11.8% from $821.5 million a year earlier. Segment operating income rose to $266.8 million from $236.6 million, and segment operating margin increased slightly to 29.0% from 28.8%. The company said Americas revenue growth came from higher volume, improved pricing and acquisitions. Non-residential product revenue increased at a low-double-digit rate, residential product revenue increased at a high-single-digit rate, and electronic security products in the Americas segment grew at a low-teens percentage rate. Allegion International also expanded, with second-quarter net revenues of $232.9 million, up from $200.5 million. Segment operating income declined to $14.8 million from $15.7 million, and segment operating margin fell to 6.4% from 7.8%. For the first six months, Allegion International revenue rose to $456.6 million from $384.6 million, while segment operating income decreased to $23.1 million from $27.4 million. The report also highlighted tariff developments affecting Allegion’s supply chain. After U.S. court rulings in February and March 2026 found certain tariffs imposed under the International Emergency Economic Powers Act invalid and determined importers were due refunds, Allegion submitted claims for qualifying IEEPA tariff refunds in the second quarter. The company said refunds received so far were not significant and that it had not recorded receivables for additional potential recoveries as of June 30, 2026 because the timing and amount remained uncertain. Allegion said it had offset tariff-related inflation through pricing actions in the first half of 2026, but warned that existing or new tariffs could affect future demand. It estimated that roughly 20% to 25% of cost of goods sold is sourced from Mexico, less than 5% from China and 5% to 10% from other non-U.S. countries. Other notable items included a one-time $3.7 million settlement charge in the second quarter related to a U.S. defined benefit pension plan. Allegion also reported that its second-quarter effective tax rate decreased to 19.0% from 20.3% a year earlier, while its first-half effective tax rate increased to 19.2% from 18.0%. No insider transactions, transaction codes or post-transaction insider ownership figures were reported in this quarterly report.