Assa Abloy third-quarter profit beats forecasts on pricing and costs
The world's largest lock maker reported operating profit up 11% in the quarter, ahead of analyst expectations, according to Reuters.
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what happened
Sweden's Assa Abloy, the world's largest lock maker, reported stronger-than-expected third-quarter earnings on Tuesday. The gain came from higher prices and cost efficiencies. Group operating profit rose 11% in July-September to 7.10 billion Swedish crowns ($713.39 million), above the 6.94 billion crowns expected by analysts polled by LSEG.
Revenue grew 4% organically from a year earlier. Organic growth was strong in the Americas, partly driven by non-residential demand and a recovery in the North American residential segment. The company expects acquisitions and divestments to add 2% to fourth-quarter sales. A new manufacturing program will close factories, warehouses and offices over about two years.
why it matters
The company competes with Allegion and Dormakaba, so its report offers a read-across for the door hardware and lock sector. Investors will watch margin gains from pricing and the restructuring program starting in the fourth quarter.
market impact
Assa Abloy and building hardware stocks: strong profit supports the company's valuation.
tags
instruments
sources
- Assa Abloy third-quarter earnings beat forecast — Reuters, 27 October 2026 at 07:07 UTC
- Assa Abloy third-quarter earnings beat forecast, helped by pricing and cost control — Reuters, 27 October 2026 at 08:02 UTC
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