Jupiter Topco LLC purchased a new stake in Lennox International, Inc. (NYSE:LII – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,113 shares of the construction company’s stock, valued at approximately $1,785,000.
Several other institutional investors and hedge funds also recently modified their holdings of LII. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Lennox International in the 2nd quarter valued at $10,596,000. Legal & General Group Plc acquired a new position in shares of Lennox International during the 2nd quarter worth about $54,927,000. Bank of Nova Scotia acquired a new position in shares of Lennox International during the 2nd quarter worth about $1,892,000. Deutsche Bank AG bought a new position in shares of Lennox International in the 2nd quarter valued at about $159,181,000. Finally, Hsbc Holdings PLC bought a new position in shares of Lennox International in the 2nd quarter valued at about $38,210,000. 67.07% of the stock is owned by institutional investors and hedge funds.
Lennox International Stock Up 3.1% Lennox International stock opened at $385.43 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77. The company’s 50-day moving average is $476.64 and its 200-day moving average is $496.58. The firm has a market capitalization of $13.32 billion, a PE ratio of 17.42, a P/E/G ratio of 1.47 and a beta of 1.18. Lennox International, Inc. has a fifty-two week low of $371.65 and a fifty-two week high of $587.27.
Lennox International (NYSE:LII – Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $7.82 EPS. Lennox International’s revenue was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Sell-side analysts anticipate that Lennox International, Inc. will post 23.69 earnings per share for the current year. Analysts Set New Price Targets Several analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. The Goldman Sachs Group decreased their price target on Lennox International from $625.00 to $547.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Weiss Ratings lowered Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Morgan Stanley dropped their price objective on Lennox International from $450.00 to $375.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada cut their price objective on Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $540.33.
Get Our Latest Stock Report on LII
Lennox International Profile (Free Report)
Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.
Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.
See Also Five stocks we like better than Lennox International The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern Want to see what other hedge funds are holding LII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lennox International, Inc. (NYSE:LII – Free Report).
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New facility expands technician training and development to assist with the industry technician shortage and supports consistent service delivery for customers nationwide
Key Highlights
New Fort Lauderdale facility serves as the headquarters and training center for Lennox National Account Services. Dedicated 6,000-square-foot training space supports hands-on commercial HVAC technician instruction. Programs help technicians and field leaders build skills through structured career pathways. Investment supports consistent service delivery for national account customers across the U.S. Lennox is also expanding its customer training network with a new facility near its Richardson, Texas, headquarters. , /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy efficient building and home comfort solutions, celebrated the opening of its new National Account Services (NAS) headquarters and training center in Fort Lauderdale, Florida. The facility represents Lennox's ongoing investment in developing a highly skilled commercial HVAC workforce and strengthening the technical expertise that supports customers nationwide.
Lennox leaders celebrate the opening of the company's new National Account Services headquarters and training center in Fort Lauderdale, Florida.
Lennox National Account Services (NAS) technicians participate in classroom instruction at the company's new Fort Lauderdale, Florida, training center.
The 6,000-square-foot training space at Lennox's new NAS headquarters provides hands-on learning opportunities with commercial HVAC equipment and systems. At the center of the facility is a dedicated 6,000-square-foot training space where Lennox NAS technicians, managers and field leaders build technical knowledge and gain hands-on experience with commercial HVAC equipment and systems. By pairing classroom instruction with applied learning, the center strengthens Lennox's ability to deliver consistent technical and leadership development to technicians working in its national service organization.
Training programs at the facility support multiple career pathways, including Skilled Technician, Advanced Technician, Lead Master, and the Manager-in-Training program. This structured approach helps employees grow their skills and careers while equipping them to deliver reliable, high-quality service for customers nationwide. Lennox NAS also operates its Build-A-Tech apprenticeship program, a paid six- to eight-month training program that combines classroom instruction, field experience and mentorship to prepare participants for commercial HVAC careers. Since 2016, Lennox NAS has trained nearly 1,600 technicians, helping address the industry's ongoing workforce shortage and strengthening the pipeline of skilled professionals.
More information about Lennox National Account Services, including its HVAC maintenance, repair and replacement solutions for national customers, is available at www.Lennox.com/NAS.
Joe Nassab, Executive Vice President and President, Lennox Building Climate Solutions: "National account customers rely on Lennox to support critical operations across hundreds or even thousands of locations. This investment strengthens the capabilities of our service organization and creates a dedicated environment where technicians and field leaders can sharpen their expertise and share best practices from across the network. As NAS continues to grow, facilities like this help ensure we're scaling expertise alongside our business."
Lennox NAS provides commercial HVAC equipment maintenance, repair and replacement services for some of the nation's largest retail businesses. Through standardized service programs, advanced technologies and a highly skilled workforce, NAS helps customers maximize equipment uptime, improve operational performance and reduce total cost of ownership across their portfolios.
Lennox is also expanding training opportunities for commercial HVAC customers. The company is constructing a new 18,000-square-foot Commercial HVAC Experience and Training Center near its headquarters in Richardson, Texas. The state-of-the-art facility will provide customers with hands-on access to the latest commercial HVAC technologies, controls demonstrations and industry best practices designed to help improve building performance, increase operational efficiency and better understand emerging HVAC solutions.
The new facility will expand Lennox's existing network of customer training resources, which includes nine Lennox LIVE residential training labs across North America and a dedicated commercial refrigeration training center in Stone Mountain, Georgia. Together, these facilities provide customers with opportunities to gain hands-on experience, deepen technical knowledge, and stay current on evolving HVAC and refrigeration technologies.
These investments reflect Lennox's commitment to advancing technical expertise across the HVAC industry by developing its workforce and providing customers with greater access to training, education and innovation.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com.
CSR (OTCMKTS:CSRLF – Get Free Report) and Lennox International (NYSE:LII – Get Free Report) are both industrials companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, valuation, risk, dividends, earnings, analyst recommendations and institutional ownership.
Earnings and Valuation This table compares CSR and Lennox International”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio CSR N/A N/A N/A $0.22 26.25 Lennox International $5.20 billion 2.66 $805.80 million $22.12 18.05 Lennox International has higher revenue and earnings than CSR. Lennox International is trading at a lower price-to-earnings ratio than CSR, indicating that it is currently the more affordable of the two stocks. Profitability This table compares CSR and Lennox International’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets CSR N/A N/A N/A Lennox International 14.61% 66.42% 19.16% Dividends CSR pays an annual dividend of $0.10 per share and has a dividend yield of 1.7%. Lennox International pays an annual dividend of $5.44 per share and has a dividend yield of 1.4%. CSR pays out 45.7% of its earnings in the form of a dividend. Lennox International pays out 24.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Lennox International has raised its dividend for 16 consecutive years.
Institutional and Insider Ownership 30.6% of CSR shares are owned by institutional investors. Comparatively, 67.1% of Lennox International shares are owned by institutional investors. 9.8% of Lennox International shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Analyst Recommendations This is a breakdown of current recommendations for CSR and Lennox International, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score CSR 0 0 0 0 0.00 Lennox International 2 9 5 0 2.19 Lennox International has a consensus target price of $546.58, indicating a potential upside of 36.88%. Given Lennox International’s stronger consensus rating and higher possible upside, analysts clearly believe Lennox International is more favorable than CSR.
Summary Lennox International beats CSR on 12 of the 14 factors compared between the two stocks.
About CSR (Get Free Report)
CSR Limited, together with its subsidiaries, engages in the manufacture and supply of building products for residential and commercial constructions in Australia and New Zealand. It operates through Building Products, Property, and Aluminium segments. The Building Products segment offers interior systems, including gyprock plasterboards, Martini acoustic insulation products, and Rondo rolled formed steel products, as well as Himmel and Potter interior systems that supplies ceiling tiles, aluminum partitions, and architectural hardware products; construction systems, such as Hebel autoclaved aerated concrete products, AFS walling systems, cladding systems, and Cemintel fiber cement; masonry and insulation solutions comprising Bradford insulations, Bradford energy solutions, Edmonds ventilation systems, and Monier roofing solutions; and bricks, including PGH Bricks and pavers. The company's Property segment sells former operating sites. This segment is also involved in the large-scale developments in New South Wales, Queensland, and Victoria. Its Aluminium segment offers aluminium ingots, billets, and slabs. CSR Limited was founded in 1855 and is headquartered in North Ryde, Australia.
(Get Free Report)
Lennox International Inc., together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name. The Building Climate Solutions segment offers unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial, curb, curb adapters, drop box diffusers, HVAC recycling, and salvage service. This segment also provides condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, and refrigeration rack systems for preserving food and other perishables; and compressor racks and industrial process chillers under the Lennox, Model L, CORE, Enlight, Xion, Energence, Prodigy, Strategos, Raider, Lennox VRF, Lennox National Account Services, Allied Commercial, Elite, AES Industries, Mechanical, and Reclaim, Heatcraft Worldwide and Chandler Refrigeration, Bohn, MAGNA, Larkin, FriguaBohn, IntelliGen, and Interlink brand name. In addition, the company provides small package units, rooftop units, chillers, air handlers, and fan coils. It sells its products and services through direct sales, distributors, and company-owned parts and supplies stores. The company was founded in 1895 and is headquartered in Richardson, Texas.
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NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Lennox International, Inc. (“Lennox” or the “Company”) (NYSE: LII). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Lennox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 29, 2026, Lennox reported its financial results for the second quarter of 2026. Among other items, Lennox reported $1.5 billion in sales, falling short of expectations. Lennox also lowered its earnings forecast for 2026 by approximately 3%, to a range of $23.00 to $24.00 per share. The Company attributed its results to “continued softness in the residential end market.”
On this news, Lennox’s stock price fell $114.09 per share, or 20.97%, to close at $430.02 per share on July 29, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lennox International, Inc. ("Lennox" or the "Company") (NYSE: LII). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Lennox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 29, 2026, Lennox reported its financial results for the second quarter of 2026. Among other items, Lennox reported $1.5 billion in sales, falling short of expectations. Lennox also lowered its earnings forecast for 2026 by approximately 3%, to a range of $23.00 to $24.00 per share. The Company attributed its results to "continued softness in the residential end market."
On this news, Lennox's stock price fell $114.09 per share, or 20.97%, to close at $430.02 per share on July 29, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lennox International, Inc. ("Lennox" or "the Company") (NYSE: LII) for violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lennox reported its Q2 2026 financial results on July 29, 2026. The Company missed revenue expectations, and lowered its full-year forecast, which it blamed on "continued softness in the residential end market." Based on this news, shares of Lennox fell by almost 21% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lennox International, Inc. ("Lennox" or the "Company") (NYSE: LII). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Lennox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 29, 2026, Lennox reported its financial results for the second quarter of 2026. Among other items, Lennox reported $1.5 billion in sales, falling short of expectations. Lennox also lowered its earnings forecast for 2026 by approximately 3%, to a range of $23.00 to $24.00 per share. The Company attributed its results to "continued softness in the residential end market."
On this news, Lennox's stock price fell $114.09 per share, or 20.97%, to close at $430.02 per share on July 29, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Lennox International, Inc. (“Lennox” or the “Company”) (NYSE: LII). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Lennox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 29, 2026, Lennox reported its financial results for the second quarter of 2026. Among other items, Lennox reported $1.5 billion in sales, falling short of expectations. Lennox also lowered its earnings forecast for 2026 by approximately 3%, to a range of $23.00 to $24.00 per share. The Company attributed its results to “continued softness in the residential end market.”
On this news, Lennox’s stock price fell $114.09 per share, or 20.97%, to close at $430.02 per share on July 29, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lennox International, Inc. ("Lennox" or the "Company") (NYSE: LII). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Lennox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 29, 2026, Lennox reported its financial results for the second quarter of 2026. Among other items, Lennox reported $1.5 billion in sales, falling short of expectations. Lennox also lowered its earnings forecast for 2026 by approximately 3%, to a range of $23.00 to $24.00 per share. The Company attributed its results to "continued softness in the residential end market."
On this news, Lennox's stock price fell $114.09 per share, or 20.97%, to close at $430.02 per share on July 29, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
LOS ANGELES, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lennox International, Inc. (“Lennox” or “the Company”) (NYSE: LII) for violations of the securities laws. INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Lennox International, Inc. (“Lennox” or the “Company”) (NYSE: LII). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
Lennox International Inc. (LII) Deutsche Bank's Chicago Industrials Summit August 11, 2026 9:00 AM EDT
Company Participants
Geoff Dethlefsen
Alok Maskara - CEO, President & Director
Conference Call Participants
Nicole DeBlase - Deutsche Bank AG, Research Division
Presentation
Nicole DeBlase
Deutsche Bank AG, Research Division
Hello, everyone, and thanks for attending Deutsche Bank's Industrials Conference. We're back in Chicago. Excited to be here. Thanks to everyone in the room who's sitting in for Lennox fireside chat today. We've got Alok Maskara, who's CEO. And Geoff, please help me with your last name. I should have asked you before we started.
Geoff Dethlefsen
Geoff Dethlefsen.
Nicole DeBlase
Deutsche Bank AG, Research Division
Thank you. I would have butchered it. And Geoff is VP and GM of Lennox Commercial HVAC.
Question-and-Answer Session
Nicole DeBlase
Deutsche Bank AG, Research Division
So Alok, I'm going to start with something kind of high level, and then we'll dig into the nitty-gritty stuff. So you've been CEO for 4 years now, which is really hard to believe, like time flies. What are you most proud of in your time as Lennox CEO? And where do you see the most opportunity for further improvement in your next 4 years?
Alok Maskara
CEO, President & Director
Sure. Great question. It's always a good time to reflect back when you come to an anniversary and also when your stock price takes an unforeseen decline. I did that recently. Things I'm most proud of, and we'll start with that. Like the first is our growth journey. I looked at it compared to 4 years ago, we have still grown. We've grown like 13% over 4 years despite some divestitures in Europe, some acquisitions. And almost all the growth is driven by building commercial solution for us. We have obviously faced a really tough residential market, but to be able to deliver growth. And that growth is
SummaryLennox is now a $14.5 billion (by market cap) HVAC leader employing more than 5,000 people.Lennox has increased its dividend for 17 consecutive years. Lennox has been a consistent dividend grower for nearly two decades already, which is impressive.Lennox has a very good financial position. Its long-term debt/equity ratio is 1, while the interest coverage ratio is over 22.The P/E ratio has recently dropped to 19.7. That compares favorably to its own five-year average of 23. KangeStudio/iStock via Getty Images
Lennox International Inc. (LII) is an American multinational provider of HVAC products. Founded in 1895, Lennox is now a $14.5 billion (by market cap) HVAC leader employing more than 5,000 people. The company reports results across two segments, differentiating between residential
[url="]Schall, Brown and Schwartz[/url] LLP (âSBSâ), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of inv
LOS ANGELES--(BUSINESS WIRE)--Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lennox International, Inc. (“Lennox” or “the Company”) (NYSE: LII) for violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lennox reported its Q2 2026 financial results on July 29, 2026. The Company missed revenue expectations, and lowered its full-year forecast, which it blamed on "continued softness in the residential end market." Based on this news, shares of Lennox fell by almost 21% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lennox International, Inc. ("Lennox" or the "Company") (NYSE: LII). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Lennox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 29, 2026, Lennox reported its financial results for the second quarter of 2026. Among other items, Lennox reported $1.5 billion in sales, falling short of expectations. Lennox also lowered its earnings forecast for 2026 by approximately 3%, to a range of $23.00 to $24.00 per share. The Company attributed its results to "continued softness in the residential end market."
On this news, Lennox's stock price fell $114.09 per share, or 20.97%, to close at $430.02 per share on July 29, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
3 Stocks With Analyst Revisions That Could Drive Earnings SurprisesLennox International NYSE: LII reported second-quarter revenue growth of 3% to $1.5 billion, while total segment profit increased 2% to $355 million and adjusted earnings per share was flat at $7.72. The company said strong performance in its commercial-focused Building Climate Solutions segment helped offset continued weakness in residential markets.
Chief Executive Officer Alok Maskara said the quarter reflected the benefits of Lennox’s direct-to-dealer model, investments in digital and distribution capabilities, and actions to manage a changing operating environment. However, he said residential demand recovery has progressed more slowly than expected, leading the company to shift expectations for the most meaningful recovery benefits into 2027 rather than the second half of 2026.
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Residential demand remains pressured These 3 Stocks Are Buying Back Billions in SharesHome Comfort Solutions revenue declined 7% from the prior-year period, led by a 12% decline in unit volumes. Favorable pricing and mix added 3% growth, while acquisitions contributed another 2%. The volume decline nevertheless improved from the 21% drop reported in the first quarter.
Residential new-construction weakness was a major factor, with revenue in that market down about 30% during the quarter. One-step channel volumes declined by the mid-teens, while two-step volumes were relatively flat year over year.
Investing in Cooling Technologies: 3 Top Stocks to Beat the HeatMaskara said much of the one-step decline was tied to residential new-construction business that Lennox chose to leave because margins were too low. He said the company’s exit from that business occurred faster than expected amid competitive pricing, but added that Lennox is nearly complete with its effort to move away from lower-margin accounts.
“We don’t want to do that again,” Maskara said, referring to shipping units at negative margins. “We feel good about where we are to protect our margins and make smart business choices.”
The company said replacement-market share has increased modestly over the past 12 months, even as it has lost significant share in new construction. Maskara cited elevated mortgage rates, inflation, low consumer confidence and subdued housing construction as constraints on residential demand. He said Lennox believes replacement demand has been deferred rather than eliminated, as consumers choose repair over replacement.
Home Comfort Solutions segment profit fell $30 million. Lower sales volume represented roughly $50 million of EBIT headwinds, including about $10 million of factory absorption pressure as the company adjusted production and inventories to match market conditions. The segment also received approximately $25 million of tariff refunds during the quarter, earlier than initially expected.
Commercial segment posts strong growth Building Climate Solutions revenue rose 24%, including 12% organic growth. Acquisitions, primarily Duro Dyne, added 9% growth, while favorable mix and pricing contributed 3%.
Management attributed the performance to national-account wins, increased emergency replacement activity and growth in the service business. Maskara said additional manufacturing capacity has helped Lennox improve its emergency replacement offering and regain national accounts. He characterized a substantial portion of the segment’s improvement as share gains, alongside signs that commercial end markets are no longer declining.
Building Climate Solutions segment profit increased on higher volumes and favorable mix and pricing. Duro Dyne contributed approximately $11 million of M&A accretion, partly offset by investments in customer-facing digital capabilities and innovation. The business also received approximately $5 million in tariff refunds.
Maskara said Lennox’s services, refrigeration and rooftop businesses all performed well during the quarter. He added that emergency replacement margins are in line with the company’s large national-account business, with further opportunity for improvement through distribution execution.
Guidance revised as residential outlook weakens Lennox reduced its full-year adjusted EPS outlook to a range of $23 to $24, while maintaining its expectation for approximately 8% enterprise revenue growth and free cash flow of $750 million to $850 million.
Home Comfort Solutions revenue growth is now expected to be approximately 1%, down from prior guidance of 4%. Building Climate Solutions revenue growth is now projected at approximately 20%, up from 16% previously. The company now expects Home Comfort Solutions volumes to decline by high single digits for the full year. Expected productivity was reduced to approximately $60 million from $75 million, reflecting lower residential production and delayed material cost-reduction initiatives. Capital expenditures are now expected to be about $225 million, down from $250 million, due to project timing. Chief Financial Officer Michael Quenzer said the EPS reduction primarily reflects lower residential volume expectations, which more than offset stronger commercial demand. The company expects second-half Home Comfort Solutions margins to improve relative to the first half as volume comparisons improve and July pricing actions take effect, though management indicated margins could be flat to slightly down year over year because of acquisition dilution and price-cost dynamics.
Quenzer said the company recognized all tariff refunds it expects to receive during the second quarter. Lennox continues to forecast 5% inflation for the year, as benefits from adjustments to Section 232 tariffs are expected to be offset by inflation in commodities, fuel and memory.
Cash flow, acquisitions and capital deployment Lennox generated $172 million in operating cash flow during the second quarter and reported trailing 12-month free cash flow conversion of 92%. Inventory dollars were flat compared with December because of inflation and tariff-related costs, but unit inventory continued to decline. The company said it remains on track to meet the inventory-reduction assumptions embedded in its free-cash-flow outlook.
Net debt to adjusted EBITDA was 1.3 times at quarter-end. Lennox repurchased approximately $130 million of shares in the second quarter and, after quarter-end, completed the acquisition of the Comfort-Aire, Century and Coast Air brands using approximately $200 million of debt.
Maskara said the acquisition expands Lennox’s reach in small and midsize distributor channels and broadens its HVACR equipment, accessories and parts offerings. The company expects the acquisition to be accretive to earnings per share in 2027 and sees opportunities for product integration, logistics savings and SG&A efficiencies.
About Lennox International (NYSE:LII)Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.
Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Lennox International (LII -19.58%) stock tumbled 19.9% through 11 a.m. ET Wednesday after reporting merely mixed earnings this morning.
Analysts had forecast that the HVAC manufacturer would earn $7.61 per share on nearly $1.6 billion in Q2 sales. In fact, Lennox earned $7.72 per share, but sales fell short of expectations at $1.5 billion.
Image source: Getty Images.
Lennox Q2 earnings Lennox grew its Q2 sales 3% year over year, but operating profit was up only 2%, and earnings calculated under generally accepted accounting principles (GAAP) were nearly flat at $7.72 per share.
Lennox blamed "continued softness in the residential end market" for the weak results, noting that 24% sales growth in Building Climate Solutions (i.e., sales to businesses) helped to "mitigate" this. Still, despite raising prices on its products, Lennox saw Home Comfort Solutions (i.e., residential sales) decline by 7% due to lower volumes.
Lennox's sales proportions are roughly 60-40 residential versus commercial, so the big bump in commercial sales was the main reason revenue grew at all.
Today's Change
(
-19.58
%) $
-106.56
Current Price
$
437.55
What's next for Lennox That's the bad news. The worse news is that things don't seem likely to improve much this year. While management was able to reaffirm its 2026 sales growth forecast -- 8%, of which 5% comes from acquisitions, and only 3% is organic -- Lennox lowered its earnings forecast by about 3% to a range of $23 to $24 per share.
Unfortunately, the entirety of that range falls short of the $24.52 that Wall Street was expecting Lennox to report this year. While Lennox stock doesn't look horribly expensive at 18.4 times the new forecast, the lack of any earnings growth and the weak forecast for the year explain why investors seem supremely unenthusiastic about owning Lennox stock today.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lennox International Inc. (LII) Q2 2026 Earnings Call July 29, 2026 9:30 AM EDT
Company Participants
Chelsey Pulcheon - Director of Investor Relations
Alok Maskara - CEO, President & Director
Michael Quenzer - Executive VP & CFO
Conference Call Participants
Ryan Merkel - William Blair & Company L.L.C., Research Division
Thomas Moll - Stephens Inc., Research Division
Noah Kaye - Oppenheimer & Co. Inc., Research Division
Jeffrey Hammond - KeyBanc Capital Markets Inc., Research Division
Jeffrey Sprague - Vertical Research Partners, LLC
Stephen Volkmann - Jefferies LLC, Research Division
Christopher Snyder - Morgan Stanley, Research Division
Nicole DeBlase - Deutsche Bank AG, Research Division
Nigel Coe - Wolfe Research, LLC
Deane Dray - RBC Capital Markets, Research Division
Brett Linzey - Mizuho Securities USA LLC, Research Division
Presentation
Operator
Welcome to the Lennox 2026 Second Quarter Earnings Call. [Operator Instructions] As a reminder, this call is being recorded.
I will now turn the call over to Chelsey Pulcheon from Lennox Investor Relations. Chelsey, please go ahead.
Chelsey Pulcheon
Director of Investor Relations
Thank you, Madison. Good morning, everyone. Thank you for joining us as we share our 2026 second quarter results. Joining me today is CEO Alok Maskara; and CFO, Michael Quenzer. Each will share their prepared remarks before we move to the Q&A session.
Turning to Slide 2. A reminder that during today's call, we will be making certain forward-looking statements, which are subject to numerous risks and uncertainties as outlined on this page. We may also refer to certain non-GAAP financial measures that management considers relevant indicators of underlying business performance. Please refer to our SEC filings available on our Investor Relations website for additional details, including a reconciliation of GAAP to non-GAAP measures. The earnings release, today's presentation and the webcast archived link for today's call are available on our Investor Relations website at investor.lennox.com.
Lennox International (LII - Free Report) came out with quarterly earnings of $7.72 per share, beating the Zacks Consensus Estimate of $7.63 per share. This compares to earnings of $7.82 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.18%. A quarter ago, it was expected that this manufacturer of furnaces, air conditioners and other products would post earnings of $3.16 per share when it actually produced earnings of $3.35, delivering a surprise of +6.01%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Lennox, which belongs to the Zacks Building Products - Air Conditioner and Heating industry, posted revenues of $1.55 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.12%. This compares to year-ago revenues of $1.5 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Lennox shares have added about 12.1% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Lennox?While Lennox has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Lennox was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $7.96 on $1.59 billion in revenues for the coming quarter and $24.45 on $5.63 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Air Conditioner and Heating is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Tecogen Inc. (TGEN - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Tecogen Inc.'s revenues are expected to be $5.92 million, down 18.9% from the year-ago quarter.
For the quarter ended June 2026, Lennox International (LII - Free Report) reported revenue of $1.55 billion, up 3% over the same period last year. EPS came in at $7.72, compared to $7.82 in the year-ago quarter.
The reported revenue represents a surprise of -1.12% over the Zacks Consensus Estimate of $1.56 billion. With the consensus EPS estimate being $7.63, the EPS surprise was +1.18%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Lennox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Building Climate Solutions: $609.7 million versus the 13-analyst average estimate of $573.66 million. The reported number represents a year-over-year change of +24%.Net Sales- Home Comfort Solutions: $935.6 million versus the 13-analyst average estimate of $985.68 million. The reported number represents a year-over-year change of -7.3%.Segment Profit (loss)- Corporate and other: $-22.1 million versus the 12-analyst average estimate of $-25.91 million.Segment Profit (loss)- Building Climate Solutions: $155.3 million versus the 12-analyst average estimate of $142.4 million.Segment Profit (loss)- Home Comfort Solutions: $221.8 million compared to the $233.62 million average estimate based on 12 analysts.View all Key Company Metrics for Lennox here>>>
Shares of Lennox have returned -5% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Index Dow Jones -1,37 % na 52024,45 b. S&P 500 -0,58 % na 7385,46 b. Nasdaq Composite -0,77 % na 24686,37 b.
Nejsledovanější americké indexy v úvodu středeční seance ztrácejí. Obchodníci na Wall Street se připravují na rozhodnutí Fedu, zatímco ropa zdražuje. Trh se zároveň chystá na výsledky hospodaření dvou z největších investorů do datacenter pro umělou inteligenci, a to společností Meta Platforms a Microsoft. Výsledková sezóna je v plném proudu. Své výsledky mimo jiné zveřejnily společnosti SK Hynix (+0,22 %), KLA (-7,1 %), Seagate (+0,8 %), Procter & Gamble (-2,8 %), SoFi Technologies (-10,2 %) a Visa (+0,5 %). Podrobnosti naleznete v jednotlivých zprávách.
Akcie společnosti Garmin posilují o 17 % poté, co tento výrobce zařízení s GPS zvýšil svůj celoroční výhled pro forma zisku na akcii, čímž překonal průměrný odhad analytiků. Ten nyní očekává ve výši 10,00 USD, zatímco dříve projektoval 9,35 USD a trh odhadoval 9,62 USD.
Akcie společnosti GE Healthcare rostou o 12 % poté, co tento výrobce rentgenových zařízení vykázal za druhé čtvrtletí očištěný zisk na akcii, který překonal průměrný odhad analytiků. Firma rovněž zaznamenala poměr přijatých objednávek k tržbám (booking ratio), který překonal očekávání. Očištěný zisk na akcii dosáhl 1,13 USD při konsensu 1,04 USD. Poměr přijatých objednávek k tržbám dosáhl 1,15 nad konsensem 1,06.
Akcie společnosti Ford ve středu posilují o 7,3 % poté, co tato automobilka vykázala za druhé čtvrtletí očištěný zisk na akcii, který překonal odhady analytiků, a zvýšila svůj výhled očištěného zisku EBIT na rok 2026. Očištěný zisk na akcii dosáhl 0,42 USD na odhady 0,36 USD a očištěný zisk EBIT společnost očekává v rozmezí 10 mld. až 11 mld. USD (dřívější odhad: 8,5 mld. až 10,5 mld. USD), konsensus: 9,46 mld. USD.
Naopak oslabují akcie společnosti Lennox o 19 % poté, co tento výrobce topných a chladicích systémů snížil svůj celoroční výhled zisku na akcii. Ten nyní očekává v rozmezí 23 až 24 USD oproti předchozímu rozpětí 23,5 až 25,0 USD.
Ztrácejí také akcie výrobce napájecích a chladicích zařízení Vertiv Holdings (-12 %) po reportu výsledků za 2Q. Společnost vykázala čisté tržby a růst organických tržeb pod konsensem analytiků. Analytici nadále vidí silné poptávkové trendy, avšak analytici z Morgan Stanley upozornili, že problémy jako přetížení dodavatelských řetězců představují hrozbu pro výhled organického růstu společnosti ve druhé polovině roku. Čisté tržby ve 2Q dosáhly 3,27 mld. USD, tedy pod odhady 3,39 mld. USD. Organický růst tržeb dosáhl 17,8 % při konsensu 24,7 %.
Index S&P 500 -0,58 % na 7385,46 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +2,6 % Průmysl -1,6 % Nezbytná spotřeba +0,3 % Základní materiály -1,2 % Zdravotní péče +0,1 % Informační technologie -0,9 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Garmin (GRMN) +17 % Lennox International (LII) -19 % GE HealthCare Technologies (GEHC) +12 % Masco Corp (MAS) -12 % Cognizant Technology Solutions Corp (CTSH) +8,0 % Vertiv Holdings (VRT) -12 % Ford Motor (F) +7,3 % Humana (HUM) -8,2 % Amphenol Corp (APH) +6,3 % Bunge Global SA (BG) -7,2 % Zdroj: Bloomberg
Highlights
(All comparisons are year-over-year, unless otherwise noted)
Revenue $1.5 billion, up 3% GAAP Operating Income $355 million, up 2% GAAP diluted EPS flat at $7.72 Updating full year EPS guidance range to $23.00 - $24.00 , /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, today reported second quarter financial results with $1.5 billion of revenue, $355 million of operating income, and $7.72 GAAP diluted earnings per share.
Revenue increased 3% to $1.5 billion. Total segment profit 1 was $355 million, up 2%. Total segment margin1 was down 30 basis points to 23%. Adjusted diluted earnings per share were flat at $7.72.
"Our results this quarter reflect the strength of our portfolio and team," said Alok Maskara, Chief Executive Officer. "Strong momentum in Building Climate Solutions and contributions from the Duro Dyne and Supco acquisitions mitigated the continued softness in the residential end market. We also expanded our portfolio through the acquisition of Comfort-Aire and Century brands and remain focused on executing our growth strategy through innovation, operational excellence, and disciplined capital allocation."
In Home Comfort Solutions, residential market conditions remained challenging during the second quarter, although demand improved sequentially from the first quarter. Revenue declined 7% year over year, primarily reflecting lower sales volumes, partially offset by favorable mix-price and contributions from acquisitions. Demand improved across both distribution channels, though residential new construction activity remained a meaningful headwind. Segment margin declined 130 basis points, reflecting lower volumes and related absorption pressures. Pricing actions implemented in response to inflationary and tariff pressures largely offset those impacts, while earlier than expected tariff refunds provided a benefit during the quarter.
The Building Climate Solutions segment drove 24% revenue growth in the second quarter, reflecting broad-based strength across the business and improving commercial market conditions. Organic revenue growth of 15% was driven by strong execution with national account customers, healthy emergency replacement activity, and growth in service offerings, while acquisitions added 9% to revenue growth. These results demonstrate our ability to invest for growth, execute in the marketplace, and deliver attractive returns for shareholders.
1
Includes unallocated corporate expenses
SECOND QUARTER 2026 FINANCIAL HIGHLIGHTS
(All comparisons are year-over-year, unless otherwise noted)
Revenue: $1.5 billion was up 3%, driven by revenue from completed acquisitions.
Operating Income: $355 million, up 2%, with operating profit margin of 23.0%, down 30 bps.
Total Segment Profit1: $355 million, up 2%, and total segment profit margin of 23.0%, down 30 basis points primarily driven by $39 million of mix/price benefits and $17 million from completed acquisitions. This was partially offset by $25 million decrease from lower sales volumes; $11 million product cost primarily reflecting inflation and factory under absorption, net of $30 million in tariff refunds; and $14 million of SG&A and distribution inflation and investments.
Net Income: $269 million, or $7.72 per share, compared to $274 million, or $7.71 per share, in the prior-year quarter.
Cash Flow: Operating cash flow was $172 million compared to $87 million in the prior-year quarter driven by reduced inventory levels. Net capital expenditure was $35 million compared to $28 million in the prior-year quarter. Share repurchases totaled $132 million.
Home Comfort Solutions: Business segment revenue was $936 million, down 7%. Segment profit was $222 million, down 12%, and segment margin was 23.7%, down 130 basis points. Profit declined $30 million versus the prior-year quarter, primarily reflecting a $49 million profit headwind from lower sales volumes. Distribution, freight, and other costs reduced profit by an additional $11 million, while product cost inflation and lower factory absorption, net of $25 million in tariff refunds, resulted in a $2 million decrease. These pressures were partially offset by $24 million of mix/price benefits, $5 million from completed acquisitions, and $3 million of SG&A improvement.
Building Climate Solutions: Business segment revenue was $610 million, up 24%. Segment profit was $155 million, up $35 million or 29%, and segment margin improved 100 basis points to 25.5%. This increase reflects a $23 million profit benefit from higher sales volumes, $15 million in mix/price benefits, and $11 million from completed acquisitions. This was partially offset by $9 million in product cost inflation and lower factory absorption, net of $5 million in tariff refunds; and $5 million from other costs, including SG&A and distribution inflation and investments.
Corporate and Other: Corporate expenses were $22 million, down $2 million from the prior-year quarter.
1
Includes unallocated corporate expenses
FULL YEAR 2026 GUIDANCE
For full year 2026, we are reaffirming revenue growth guidance at approximately 8% growth, including an updated 5% benefit from completed acquisitions.
Earnings per share guidance has been updated to a range of $23.00 to $24.00 compared to the prior range of $23.50 to $25.00.
Free Cash Flow is still estimated to be within the range of $750 million to $850 million.
CONFERENCE CALL INFORMATION
A conference call to discuss the company's 2026 second quarter results will be held this morning at 8:30 a.m. Central Time. To participate in the earnings conference, please call 800-267-6316 (U.S.) or +1 203-518-9783 (international) at least 10 minutes prior to the scheduled start time and use conference ID LIIQ226. The conference call also will be webcast live on the company's investor relations web site at investor.lennox.com. A replay of the conference call will be available until August 5, 2026, by calling toll-free 800-839-5484 (U.S.) or +1 402-220-1522 (international). The call will also be archived on the company's investor relations website at investor.lennox.com.
ABOUT LENNOX
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information on Lennox is available at Lennox.com or by contacting [email protected].
FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES
The statements in this document that are not historical statements, including statements regarding the 2026 full-year outlook and expected consolidated and segment financial results, as well as financial targets for future years, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on information currently available as well as management's assumptions and beliefs today. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the statements, and investors should not place undue reliance on them. Risks and uncertainties that could cause actual results to differ materially from such statements include risks that the North American HVAC and refrigeration markets perform worse than current assumptions. Additional risks include but are not limited to competition in the HVACR business; our ability to successfully develop and market new products or execute our business strategy; our ability to meet and anticipate customer demands; our ability to continue to license or enforce our intellectual property rights; our ability to attract, motivate, develop, and retain our employees, as well as labor relations problems; artificial intelligence technologies; a decline in new construction activity and related demand for our products and services; the impact of weather on our business; the impact of higher raw material prices and significant supply interruptions; product liability, warranty claims, or recalls; changes in environmental and climate-related legislation or government regulations or policies; changes in tax legislation; the impact of new or increased trade tariffs; improper conduct by any of our employees, agents, or business partners; litigation risks; general economic conditions in the United States and abroad; extraordinary events beyond our control; risks associated with our international operations; cyber-attacks and other disruptions or misuse of information systems; and our ability to successfully realize, complete and integrate acquisitions, including the acquisitions of Duro Dyne, Supco, and Heat Controller.
For information concerning these and other risks and uncertainties, see LII's publicly available filings with the Securities and Exchange Commission. LII disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
A reconciliation of non-GAAP financial measures appearing in this document to financial measures prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) are included in the Annex to this document.
This document includes forward-looking statements regarding segment profit, adjusted net income, adjusted diluted earnings per share, and free cash flow, which are non-GAAP financial measures. These non-GAAP financial measures are derived by excluding certain amounts from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts excluded is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period and the high variability of certain amounts, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, changes in environmental liabilities, the impact and timing of potential acquisitions and divestitures, future restructuring costs, and other structural changes or their probable significance. We are unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort or expense. The unavailable information could have a significant impact on LII's full year GAAP financial results.
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(Unaudited)
(Amounts in millions, except per share data)
For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
2026
2025
2026
2025
Net sales
$ 1,545.3
$ 1,500.9
$ 2,680.4
$ 2,573.5
Cost of goods sold
1,005.8
983.4
1,789.6
1,715.1
Gross profit
539.5
517.5
890.8
858.4
Operating Expenses:
Selling, general and administrative expenses
183.1
173.3
368.3
344.6
Losses (gains) and other expenses, net
2.4
(2.7)
4.6
0.1
Income from equity method investments
(1.0)
(2.1)
(0.6)
(3.3)
Operating income
355.0
349.0
518.5
517.0
Pension settlements
0.1
0.1
0.6
0.2
Interest expense, net
14.7
8.3
29.9
14.5
Other expense, net
0.6
0.6
1.5
1.5
Net income before income taxes
339.6
340.0
486.5
500.8
Provision for income taxes
70.6
66.1
100.3
97.3
Net income
$ 269.0
$ 273.9
$ 386.2
$ 403.5
Earnings per share – Basic(1):
$ 7.75
$ 7.75
$ 11.11
$ 11.39
Earnings per share – Diluted(1):
$ 7.72
$ 7.71
$ 11.06
$ 11.34
Weighted Average Number of Shares Outstanding - Basic
34.7
35.3
34.8
35.4
Weighted Average Number of Shares Outstanding - Diluted
34.8
35.5
34.9
35.6
(1) Amounts may not recalculate due to rounding.
Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Segment Net Sales and Profit
(Unaudited)
(Amounts in millions)
For the Three Months
Ended June 30,
For the Six Months Ended
June 30,
2026
2025
2026
2025
Net Sales
Home Comfort Solutions
$ 935.6
$ 1,009.3
$ 1,585.6
$ 1,730.7
Building Climate Solutions
609.7
491.6
1,094.8
842.8
Total net sales
$ 1,545.3
$ 1,500.9
$ 2,680.4
$ 2,573.5
Segment Profit(1)
Home Comfort Solutions
$ 221.8
$ 252.0
$ 308.3
$ 375.9
Building Climate Solutions
155.3
120.6
250.9
179.4
Total segment profit
377.1
372.6
559.2
555.3
Corporate and other expenses(2)
(22.1)
(23.6)
(40.7)
(38.3)
Total segment profit, including unallocated Corporate
and other expenses
355.0
349.0
518.5
517.0
Reconciliation to Operating income:
Restructuring charges
—
—
—
—
(Gain) loss on sale from previous dispositions
—
—
—
—
Acquisition costs
—
—
—
—
Operating income
$ 355.0
$ 349.0
$ 518.5
$ 517.0
(1) We define segment profit as a segment's operating income (loss) included in the accompanying Consolidated Statements of Operations, excluding:
Restructuring charges, Gain (loss) on sale of previous dispositions, and; Acquisition costs (2) Corporate and other expenses include unallocated corporate costs related to corporate administrative functions such as tax, treasury, accounting, internal audit, legal and human resources.
Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Amounts in millions, except shares and par values)
As of June 30, 2026
As of December 31, 2025
(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents
$ 51.5
$ 34.2
Short-term investments
0.6
0.5
Accounts and notes receivable, net of allowances of $7.9 and $8.5 in 2026
and 2025, respectively
918.1
578.8
Inventories, net
1,152.4
1,152.6
Other current assets
135.2
137.7
Total current assets
2,257.8
1,903.8
Restricted cash equivalents
18.8
18.5
Property, plant and equipment, net of accumulated depreciation of $1,088.0 and
$1,043.9 in 2026 and 2025, respectively
934.2
887.2
Right-of-use assets from operating leases
412.7
356.3
Goodwill
503.7
497.2
Intangible assets, net of accumulated amortization of $46.7 and $38.3 in 2026 and
2025, respectively
265.8
273.0
Deferred income taxes
12.4
12.9
Other assets, net
139.6
132.9
Total assets
$ 4,545.0
$ 4,081.8
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable
$ 523.5
$ 438.0
Accrued expenses
373.4
374.2
Income taxes payable
22.6
46.4
Commercial paper
412.0
226.0
Current maturities of long-term debt
20.1
18.3
Current operating lease liabilities
87.2
88.9
Total current liabilities
1,438.8
1,191.8
Long-term debt
1,149.2
1,144.1
Long-term operating lease liabilities
356.2
293.4
Pensions
20.1
18.7
Other liabilities
283.5
270.7
Total liabilities
3,247.8
2,918.7
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued
or outstanding
—
—
Common stock, $0.01 par value, 200,000,000 shares authorized, 87,170,197
shares issued
0.9
0.9
Additional paid-in capital
1,255.3
1,243.0
Retained earnings
5,185.1
4,891.1
Accumulated other comprehensive loss
(58.6)
(48.5)
Treasury stock, at cost, 52,611,203 shares and 52,374,147 shares for 2026 and
2025, respectively
(5,085.5)
(4,923.4)
Total stockholders' equity
1,297.2
1,163.1
Total liabilities and stockholders' equity
$ 4,545.0
$ 4,081.8
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(Unaudited)
(Amounts in millions)
For the Six Months Ended June 30,
2026
2025
Cash flows from operating activities:
Net income
$ 386.2
$ 403.5
Adjustments to reconcile net income to net cash provided by operating activities:
Income from equity method investments
(0.6)
(3.3)
Provision for credit losses
2.5
0.8
Unrealized losses (gains), net on derivative contracts
3.7
(0.3)
Stock-based compensation expense
12.1
14.5
Depreciation and amortization
61.8
52.4
Deferred income taxes
7.3
(8.8)
Pension expense
2.0
2.1
Pension contributions
(0.5)
(0.6)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:
Accounts and notes receivable
(345.2)
(205.9)
Inventories
(7.0)
(300.7)
Other current assets
(7.8)
4.4
Accounts payable
93.5
88.2
Accrued expenses
(5.0)
(52.7)
Income taxes payable and receivable, net
(20.4)
55.2
Leases, net
4.8
4.4
Other, net
0.7
(2.2)
Net cash provided by operating activities
188.1
51.0
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment
1.4
0.9
Purchases of property, plant and equipment
(91.2)
(54.0)
Acquisitions, net of cash
(0.2)
—
(Purchases of) proceeds from investments and other
(0.1)
1.5
Net cash used in investing activities
(90.1)
(51.6)
Cash flows from financing activities:
Commercial paper borrowings
910.0
141.1
Commercial paper payments
(724.0)
(112.1)
Payments on debt arrangements
(11.5)
(9.2)
Payments of deferred financing costs
—
(1.7)
Proceeds from employee stock purchases
2.6
2.6
Repurchases of common stock
(151.3)
(294.8)
Repurchases of common stock to satisfy employee withholding tax obligations
(11.4)
(12.4)
Cash dividends paid
(90.5)
(81.7)
Net cash used in financing activities
(76.1)
(368.2)
Increase (decrease) in cash, cash equivalents and restricted cash
21.9
(368.8)
Effect of exchange rates on cash, cash equivalents and restricted cash equivalents
(4.3)
2.9
Cash, cash equivalents and restricted cash, beginning of period
52.7
415.1
Cash, cash equivalents and restricted cash, end of period
$ 70.3
$ 49.2
Supplemental disclosures of cash flow information:
Interest paid
$ 32.0
$ 19.6
Income taxes paid (net of refunds)
$ 113.5
$ 44.0
Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Reconciliation to U.S. GAAP (Generally Accepted Accounting Principles) Measures
(Unaudited, in millions, except per share and ratio data)
Use of Non-GAAP Financial Measures
To supplement the Company's consolidated financial statements and segment net sales and profit (loss) presented in accordance with U.S. GAAP, additional non-GAAP financial measures are provided and reconciled in the following tables. The Company believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results and enhance the ability of investors to analyze the Company's business trends and operating performance.
Reconciliation of Net Cash Provided by Operating Activities, a GAAP measure, to Free Cash Flow, a Non-GAAP measure
For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
2026
2025
2026
2025
Net cash provided by operating activities
$ 172.0
$ 86.8
$ 188.1
$ 51.0
Purchases of property, plant and equipment
(35.7)
(28.5)
(91.2)
(54.0)
Proceeds from the disposal of property, plant and equipment
Strategos® rooftop units earn Commercial Product honors while Dave Chatmon is recognized with the HVAC Legend Award
, /PRNewswire/ -- Air Conditioning, Heating & Refrigeration (ACHR) News has recognized Lennox for excellence in innovation and industry leadership with two 2026 HVAC All-Star Awards. Lennox Commercial HVAC Strategos® Rooftop Units earned top honors in the Commercial Product category, while Lennox Residential HVAC District Manager Dave Chatmon was named the recipient of the HVAC Legend award.
Strategos® Rooftop Units, recognized as the Commercial Product category winner, deliver ultra-high-efficiency heating and cooling with an electrification-ready design. Available in Heat Pump and Dual Fuel configurations, Strategos® integrates advanced variable-speed technology and intelligent controls with the Lennox® CORE Control System, to support easier installation, streamline retrofit applications, and provide technicians with real-time system visibility. The result is a flexible, high-performance solution that helps building owners advance sustainability goals while maintaining reliable operation.
"This recognition reflects the innovation, expertise, and customer focus that went into developing Strategos®," said Joe Nassab, Executive Vice President and President, Building Climate Solutions at Lennox. "Our team set out to create a solution that helps customers navigate the transition to electrification without compromising performance or serviceability. We are honored to see that vision recognized by ACHR News and the broader HVAC community."
District Manager Dave Chatmon, winner of the Legend award, was recognized for more than 40 years of contributions to the residential HVAC industry, including 18 years with Lennox. Throughout his career, Chatmon has been a champion for mentorship, innovation, and community engagement, helping shape the careers of countless HVAC professionals while advancing industry education and charitable outreach initiatives.
Among his many accomplishments, Chatmon founded the Lennox Vision Tech training event, creating new opportunities for technician development and professional growth. He also helped launch the Lennox Feel the Love™ program, which has provided residential heating and cooling systems to deserving families and community organizations across North America. His commitment to serving others and strengthening the HVAC industry has earned him widespread respect throughout the profession.
"Dave's impact on our industry extends far beyond his professional achievements," said Sarah Martin, Executive Vice President and President of Home Comfort Solutions at Lennox. "For decades, he has invested in people, championed education, and created opportunities that have strengthened the HVAC community. This recognition as an HVAC All-Star Legend is a well-deserved honor, and we are proud to celebrate his contributions."
To learn more about these recognitions and other innovations from Lennox, visit Lennox.com.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com.
Lennox International (LII - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 29. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis manufacturer of furnaces, air conditioners and other products is expected to post quarterly earnings of $7.65 per share in its upcoming report, which represents a year-over-year change of -2.2%.
Revenues are expected to be $1.56 billion, up 4.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.68% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Lennox?For Lennox, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.26%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Lennox will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Lennox would post earnings of $3.16 per share when it actually produced earnings of $3.35, delivering a surprise of +6.01%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Lennox appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsCarrier Global (CARR - Free Report) , another stock in the Zacks Building Products - Air Conditioner and Heating industry, is expected to report earnings per share of $0.83 for the quarter ended June 2026. This estimate points to a year-over-year change of -9.8%. Revenues for the quarter are expected to be $6.02 billion, down 1.5% from the year-ago quarter.
The consensus EPS estimate for Carrier Global has been revised 0.4% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -3.24%.
When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Carrier Global will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Lennox International (LII - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Lennox International is a member of the Construction sector. This group includes 93 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Lennox International is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LII's full-year earnings has moved 0.8% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, LII has moved about 9.9% on a year-to-date basis. Meanwhile, stocks in the Construction group have gained about 8.1% on average. This means that Lennox International is outperforming the sector as a whole this year.
Another stock in the Construction sector, Masco (MAS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 22.1%.
The consensus estimate for Masco's current year EPS has increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Lennox International belongs to the Building Products - Air Conditioner and Heating industry, which includes 9 individual stocks and currently sits at #48 in the Zacks Industry Rank. On average, this group has gained an average of 35.3% so far this year, meaning that LII is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Masco falls under the Building Products - Miscellaneous industry. Currently, this industry has 34 stocks and is ranked #100. Since the beginning of the year, the industry has moved -0.8%.
Lennox International and Masco could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
, /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, will report second quarter 2026 financial results before the market opens on Wednesday, July 29, 2026. An earnings conference call and webcast are scheduled for the same day at 8:30 a.m. Central Time. CEO Alok Maskara and CFO Michael Quenzer will provide a summary of the company's financial results and outlook, followed by a question-and-answer session.
To participate in the earnings conference call, please call 800-267-6316 (U.S.) or +1 203-518-9783 (international) at least 10 minutes prior to the scheduled start time and use conference ID LIIQ226. The conference call will also be webcast live at www.investor.lennox.com.
A replay of the conference call will be available until August 5, 2026, by calling toll-free 800-839-5484 (U.S.) or +1 402-220-1522 (international). The call also will be archived on the company's investor relations website.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com.
, /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, is marking the one-year anniversary of its joint venture with Ariston Group, a global leader in water heating and sustainable thermal comfort. In its first year, the partnership introduced a line of residential gas, electric, and heat pump water heaters in North America, expanding Lennox's home comfort portfolio and establishing a foundation for growth.
Lennox expands its home comfort portfolio with the introduction of residential water heaters in North America. Announced in 2025, the joint venture was created to broaden Lennox's product offering especially through complementary heat pump technologies, while leveraging Ariston's water heating expertise amid ongoing industry convergence.
"During the past year, we've entered the water heating category by prioritizing dealer training and integration with our existing distribution network and controls platform," said Sarah Martin, EVP & President of Lennox Home Comfort Solutions. "Early results have proven successful, and now we are focused on scaling distribution, expanding product availability, and increasing share across both HVAC and plumbing channels."
Successful Product Launch with Strong Dealer Adoption
The Lennox residential water heater lineup includes energy-efficient models designed to integrate with broader home comfort systems. Experience the Lennox water heater lineup showcased in the featured video.
All models feature heavy‑gauge steel construction and a PermaClad™ glass lining for corrosion protection. Select models also include a magnesium or aluminum anode rod paired with our SediMotion™ system to help reduce sediment buildup, FillSafe Protection™ to safeguard internal components if the tank is not properly filled, and Lennox Lock™ for flammability protection.
Compatible systems can be managed through the Lennox Home Comfort app, enabling homeowners to monitor and control their hot water from a single platform.
Dealer response during the initial launch period indicates strong early adoption with sales and demand exceeding plans, reflecting dealer interest in sourcing multiple product categories through a single, trusted supplier and expanding their service capabilities.
Looking Ahead
Lennox and Ariston are focused on scaling the business across North America, particularly in underpenetrated U.S. regions. Key priorities include:
Expanding Lennox store locations carrying water heaters Scaling distribution through Lennox's HVAC distribution network Continuing to support training and adoption needs of Lennox dealers The joint venture also positions Lennox to address demand for high-efficiency and heat pump water heaters as regulatory changes are expected to influence product adoption.
"In the first year, we rapidly introduced a comprehensive water heating product portfolio, thanks to strong collaboration and commitment between the partners, combined with Ariston's distinctive global water heating know-how," said Maurizio Brusadelli, Chief Executive Officer of Ariston Group. "We will continue to invest in innovation and high-efficiency solutions in the North American market to meet evolving customer needs." With strong initial traction and continued investment in distribution and product development, Lennox and Ariston are focused on expanding their North American presence in the water heating category and supporting dealers with a broader set of solutions.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com. Media inquiries may be directed to [email protected].
About Ariston Group
Ariston Group (Bloomberg: ARIS IM) is a global leader in sustainable climate and water comfort, listed on Euronext Milan. In 2025 the Group reported 2.7 billion-euro revenues, with almost 11,000 employees, a direct presence in 41 countries across 5 continents, 32 production sites, and 31 research and development centres. The Group demonstrates its commitment to sustainability through renewable and high-efficiency solutions, including heating heat pumps, water heating heat pumps, hybrid systems, domestic ventilation, air handling, electric components, and solar thermal systems, while continuously investing in technological innovation, digitalization, and advanced connectivity solutions. The Group operates under the global strategic brands Ariston, Wolf, and Elco, as well as brands such as Calorex, NTI, Atag, Domotec, Brink, Chromagen, Racold, and Thermowatt and Ecoflam in the components and combustion technologies business.
Strategic acquisition expands HVAC growth opportunities with distributors across North America.
, /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, announced today that it has signed a definitive agreement to acquire Heat Controller, a leading HVAC equipment supplier. Heat Controller serves distributors across North America through its established Comfort-Aire and Century brands.
The acquisition strengthens Lennox's ability to serve small and mid-size HVAC distributors by expanding access to differentiated equipment offerings while creating new opportunities to broaden Lennox's share in the North American HVAC market. Heat Controller differentiates through broad product portfolio, product availability, strong brand offering, and exceptional customer service, capabilities highly valued by distributor partners.
"Heat Controller and its Comfort-Aire and Century brands strengthen how we serve our distributor partners with flexibility and exceptional customer service," said Alok Maskara, Chief Executive Office of Lennox. "I am excited to welcome this team to Lennox. Together, we see meaningful opportunities to support our distributor partners."
"We are excited to join Lennox and begin the next chapter of Heat Controller's growth," said Philip Windham, Chief Executive Officer of Heat Controller. "Lennox's scale, operational strength, and focus on customer experience position us to expand our offering and continue delivering the flexibility, availability, and service our distributor partners depend on."
The acquisition is expected to close later this year, subject to customary closing conditions and regulatory approvals.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com. Media inquiries may be directed to [email protected]
Sale positions Heat Controller for continued growth
Divestiture represents final exit of the firm's investment in HVAC/R distributor Motors & Armatures
, /PRNewswire/ -- Platinum Equity today announced that it has signed a definitive agreement to sell Heat Controller, a leading HVAC equipment supplier, to Lennox (NYSE: LII). Financial terms of the transaction were not disclosed.
Headquartered in Jackson, Michigan, Heat Controller serves distributors across North America through its established Comfort-Aire and Century brands. Heat Controller was acquired by Platinum Equity in 2024 as part of its investment in Motors & Armatures, Inc. ("MARS"), a leading distributor of HVAC/R parts, supplies and equipment.
"The sale of Heat Controller represents the culmination of our MARS investment and delivers a successful outcome driven by focused execution on our original investment thesis," said Platinum Equity Co-President Jacob Kotzubei. "During our stewardship, we partnered with the company's management team to create value through new product introductions, strategic M&A, synergy realization, investments in leadership talent, and an exit strategy that maximized value while divesting separate divisions to their most natural strategic buyers."
"We are grateful for our partnership with the entire MARS and Heat Controller team and are proud of what we accomplished during our ownership," said Platinum Equity Managing Director Dan Krasner. "We believe Lennox is an ideal strategic home for the Heat Controller business and are confident the company is well positioned to continue building on its momentum in this next chapter as part of the Lennox platform."
"We appreciate Platinum Equity's support and partnership during an important chapter in our company's evolution," said Philip Windham, Chief Executive Officer of Heat Controller. "Their operational resources, strategic guidance and commitment to investing in the business helped strengthen our platform and create new opportunities for growth. We are excited to begin our next chapter with Lennox and continue delivering the service, flexibility and value our customers depend on."
After investing in MARS in July 2024, Platinum Equity led a comprehensive transformation of the company, which included:
Completing the strategic acquisition of Global, the Source, bringing US-based in-house manufacturing capabilities to MARS and enhancing the combined company's financial profile Expanding into new product categories such as pads, pans, equipment hangers, float switches, chemicals, and other accessories Driving significant cost savings across procurement, freight, and damage reduction Recruiting a world-class management team from a leading HVAC OEM, led by Philip Windham as CEO Divesting the MARS parts division in 2025 to CSW Industrials, Inc. (NYSE: CSW) for $650 million Now divesting Heat Controller to Lennox The Heat Controller transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.
O'Melveny & Myers LLP is serving as legal advisor to Platinum Equity on the sale of Heat Controller.
About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $48 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 550 acquisitions.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com. Media inquiries may be directed to [email protected].
Achmea Investment Management B.V. cut its stake in shares of Lennox International, Inc. (NYSE: LII) by 3.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,071 shares of the construction company's stock after selling 2,822 shares during the period. Achmea Investment Management B.V. owned
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Lennox board of directors (NYSE: LII) approved a quarterly cash dividend of $1.30 per share of common stock, payable April15, 2026, to stockholders of record as of March 31, 2026.
About Lennox: Lennox (NYSE: LII ) is a leader in energy-efficient climate-control solutions. We are committed to sustainability and creating comfortable, healthier environments for residential and commercial customers. Our innovative portfolio includes cooling, heating, indoor air quality, and refrigeration systems, along with a comprehensive range of HVAC parts, supplies, and services that support the full lifecycle of customer needs. Additional information is available at www.lennox.com.
Explore the exciting world of Lennox International (LII +1.94%) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
, /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, will report first quarter 2026 financial results before the market opens on Wednesday, April 29, 2026. An earnings conference call and webcast are scheduled for the same day at 8:30 a.m. Central Time. CEO Alok Maskara and CFO Michael Quenzer will provide a summary of the company's financial results and outlook, followed by a question-and-answer session.
To participate in the earnings conference call, please call 800-267-6316 (U.S.) or +1 203-518-9783 (international) at least 10 minutes prior to the scheduled start time and use conference ID LIIQ126. The conference call will also be webcast live at www.investor.lennox.com.
A replay of the conference call will be available until May 6, 2026, by calling toll-free 800-388-6197 (U.S.) or +1 402-220-1115 (international). The call also will be archived on the company's investor relations website.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com.
Lennox International (LII - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis manufacturer of furnaces, air conditioners and other products is expected to post quarterly earnings of $3.16 per share in its upcoming report, which represents a year-over-year change of -6.2%.
Revenues are expected to be $1.07 billion, down 0.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.79% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Lennox?For Lennox, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.03%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Lennox will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Lennox would post earnings of $4.76 per share when it actually produced earnings of $4.45, delivering a surprise of -6.51%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Lennox appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Lennox International is downgraded to "Sell" due to weakening financials and an unattractive valuation. LII's Q4 2025 saw revenue decline 11.2% and net income fall to $142.5 million, with Home Comfort Solutions segment volumes down 17%. Despite management's optimistic 2026–2030 growth targets, even achieving them yields annualized returns below market averages.
Highlights
(All comparisons are year-over-year, unless otherwise noted)
Revenue $1.1 billion, up 6% GAAP Operating Income $164 million, down 3% GAAP diluted EPS $3.35, down 8% Maintaining full year EPS guidance range of $23.50 - $25.00 , /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, today reported first quarter financial results with $1.1 billion of revenue, $164 million of operating income, and $3.35 GAAP diluted earnings per share.
Revenue increased 6% to $1.1 billion. Total segment profit1 was $164 million, down 3%. Total segment margin1 was down 130 basis points to 14.4%. Adjusted diluted earnings per share decreased 8% to $3.35.
"Our results this quarter were supported by stabilizing end-markets and encouraging momentum across our strategic initiatives, including the integration of Duro Dyne and Supco. We remain confident in our strategy to deliver long-term shareholder value through differentiated growth and bolt-on M&A opportunities," said CEO, Alok Maskara. "While macro uncertainties persist, we are focused on productivity measures, supply chain optimization, and thoughtful pricing actions to offset inflationary pressures."
In Home Comfort Solutions, industry conditions started stabilizing during the first quarter, as expected. Revenue declined by 10%. While the segment experienced continued softness across both the one step and two step channels, this is a sequential improvement from the 21% decline in the fourth quarter. One-step results continued to be impacted by weak new home construction, while sentiment in the two-step channel improved as distributors began to restock ahead of the summer season. Segment margins declined 390 bps primarily driven by inflation and unfavorable absorption, partially offset by positive mix and price, acquisition contributions, and disciplined cost actions.
The Building Climate Solutions segment delivered another strong quarter, with organic sales increasing 26% and acquisitions contributing an additional 12% of growth. Segment margins improved by approximately 300 basis points, largely driven by volume improvement, including contributions from national account activity. Emergency replacement activity remained strong, and there were new national account wins across both equipment and service. As inventory levels normalize, the resulting absorption impact was partially offset by productivity and manufacturing efficiency improvements.
1 Includes unallocated corporate expenses
FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS
(All comparisons are year-over-year, unless otherwise noted)
Revenue: $1.1 billion was up 6%, driven by revenue from completed acquisitions.
Operating Income: $164 million, down 3%, with operating profit margin of 14.4%, down 130 bps.
Total Segment Profit1: $164 million, down 3%, and total segment profit margin of 14.4%, down 130 basis points primarily driven by $32 million decrease from lower sales volumes; $31 million product cost primarily related to recent inflationary impacts and factory under absorption; and, $14 million of SG&A and distribution inflation and investments. This was partially offset by $63 million of mix/price benefits and $9 million from completed acquisitions.
Net Income: $117 million, or $3.35 per share, compared to $130 million, or $3.63 per share, in the prior-year quarter.
Adjusted Net Income: $117 million, or $3.35 per share, compared to $130 million, or $3.63 per share, in the prior-year quarter.
Cash Flow: Operating cash flow was $16 million compared to $36 million cash used in the prior-year quarter driven by less inventory growth. Net capital expenditures were $55 million compared to $25 million in the prior-year quarter. Share repurchases totaled $20 million.
Home Comfort Solutions: Business segment revenue was $650 million, down 10%. Segment profit was $87 million, down 30%, and segment margin was 13.3%, down 390 basis points. Segment profit declined $37 million compared to the prior-year quarter. The decrease was driven by lower sales volumes, resulting in a $56 million profit headwind, along with $23 million of product cost inflation and lower factory absorption and $1 million in other costs. This was partially offset by $41 million in mix/price benefits and $2 million from completed acquisitions.
Building Climate Solutions: Business segment revenue was $485 million, up 38%. Segment profit was $96 million, up $37 million or 63%, and segment margin improved 300 basis points to 19.7%. This increase reflects a $24 million profit benefit from higher sales volumes, $22 million in mix/price benefits, and $7 million from completed acquisitions. This was partially offset by $8 million in product cost inflation and lower factory absorption; and $8 million from other costs, including SG&A and distribution inflation and investments.
Corporate and Other: Corporate expenses were $19 million, up $4 million from the prior-year quarter.
1 Includes unallocated corporate expenses
FULL YEAR 2026 GUIDANCE
For full year 2026, we are updating revenue growth guidance to approximately 8%, including 4% benefit from completed acquisitions.
Earnings per share is still expected to be within the range of $23.50 to $25.00.
Free Cash Flow is still estimated to be within the range of $750 million to $850 million.
CONFERENCE CALL INFORMATION
A conference call to discuss the company's first quarter results will be held this morning at 8:30 a.m. Central Time. To participate in the earnings conference, please call 800-267-6316 (U.S.) or +1 203-518-9783 (international) at least 10 minutes prior to the scheduled start time and use conference ID LIIQ126. The conference call also will be webcast live on the company's investor relations web site at investor.lennox.com. A replay of the conference call will be available until May 6, 2026, by calling toll-free 800-388-6197 (U.S.) or +1 402-220-1115 (international). The call will also be archived on the company's investor relations website at investor.lennox.com.
ABOUT LENNOX
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information on Lennox is available at Lennox.com or by contacting [email protected].
FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES
The statements in this document that are not historical statements, including statements regarding the 2026 full-year outlook and expected consolidated and segment financial results, as well as financial targets for future years, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on information currently available as well as management's assumptions and beliefs today. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the statements, and investors should not place undue reliance on them. Risks and uncertainties that could cause actual results to differ materially from such statements include risks that the North American HVAC and refrigeration markets perform worse than current assumptions. Additional risks include but are not limited to competition in the HVACR business; our ability to successfully develop and market new products or execute our business strategy; our ability to meet and anticipate customer demands; our ability to continue to license or enforce our intellectual property rights; our ability to attract, motivate, develop, and retain our employees, as well as labor relations problems; artificial intelligence technologies; a decline in new construction activity and related demand for our products and services; the impact of weather on our business; the impact of higher raw material prices and significant supply interruptions; product liability, warranty claims, or recalls; changes in environmental and climate-related legislation or government regulations or policies; changes in tax legislation; the impact of new or increased trade tariffs; improper conduct by any of our employees, agents, or business partners; litigation risks; general economic conditions in the United States and abroad; extraordinary events beyond our control; risks associated with our international operations; cyber-attacks and other disruptions or misuse of information systems; and our ability to successfully realize, complete and integrate acquisitions.
For information concerning these and other risks and uncertainties, see LII's publicly available filings with the Securities and Exchange Commission. LII disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
A reconciliation of non-GAAP financial measures appearing in this document to financial measures prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) are included in the Annex to this document.
This document includes forward-looking statements regarding segment profit, adjusted net income, adjusted diluted earnings per share, and free cash flow, which are non-GAAP financial measures. These non-GAAP financial measures are derived by excluding certain amounts from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts excluded is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period and the high variability of certain amounts, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, changes in environmental liabilities, the impact and timing of potential acquisitions and divestitures, future restructuring costs, and other structural changes or their probable significance. We are unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort or expense. The unavailable information could have a significant impact on LII's full year GAAP financial results.
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(Unaudited)
(Amounts in millions, except per share data)
For the Three Months
Ended March 31,
2026
2025
Net sales
$ 1,135.1
$ 1,072.6
Cost of goods sold
783.8
731.7
Gross profit
351.3
340.9
Operating Expenses:
Selling, general and administrative expenses
185.2
171.3
Losses and other expenses, net
2.2
2.8
Loss (income) from equity method investments
0.4
(1.2)
Operating income
163.5
168.0
Pension settlements
0.5
0.1
Interest expense, net
15.2
6.2
Other expense, net
0.9
0.9
Net income before income taxes
146.9
160.8
Provision for income taxes
29.7
31.2
Net income
$ 117.2
$ 129.6
Earnings per share – Basic(1):
$ 3.37
$ 3.65
Earnings per share – Diluted(1):
$ 3.35
$ 3.63
Weighted Average Number of Shares Outstanding - Basic
34.8
35.5
Weighted Average Number of Shares Outstanding - Diluted
35.0
35.7
(1) Amounts may not recalculate due to rounding.
Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Segment Net Sales and Profit
(Unaudited)
(Amounts in millions)
For the Three Months
Ended March 31,
2026
2025
Net Sales
Home Comfort Solutions
$ 650.0
$ 721.4
Building Climate Solutions
485.1
351.2
Total net sales
$ 1,135.1
$ 1,072.6
Segment Profit(1)
Home Comfort Solutions
$ 86.5
$ 123.9
Building Climate Solutions
95.6
58.8
Total segment profit
182.1
182.7
Corporate and other expenses(2)
(18.6)
(14.7)
Total segment profit, including unallocated Corporate and other expenses
163.5
168.0
Reconciliation to Operating income:
Restructuring charges
—
—
(Gain) loss on sale from previous dispositions
—
—
Acquisition costs
—
—
Operating income
$ 163.5
$ 168.0
(1)
We define segment profit as a segment's operating income (loss) included in the accompanying Consolidated Statements of Operations, excluding:
Restructuring charges, Gain (loss) on sale of previous dispositions, and; Acquisition costs (2)
Corporate and other expenses include unallocated corporate costs related to corporate administrative functions such as tax, treasury, accounting, internal audit, legal and human resources.
Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Amounts in millions, except shares and par values)
As of March 31, 2026
As of December 31, 2025
(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents
$ 48.2
$ 34.2
Short-term investments
2.0
0.5
Accounts and notes receivable, net of allowances of $9.1 and $8.5 in 2026 and
2025, respectively
647.9
578.8
Inventories, net
1,209.7
1,152.6
Other current assets
124.3
137.7
Total current assets
2,032.1
1,903.8
Restricted cash equivalents
19.0
18.5
Property, plant and equipment, net of accumulated depreciation of $1,064.3 and
$1,043.9 in 2026 and 2025, respectively
917.6
887.2
Right-of-use assets from operating leases
404.4
356.3
Goodwill
503.7
497.2
Intangible assets, net of accumulated amortization of $42.4 and $38.3 in 2026
and 2025, respectively
269.7
273.0
Deferred income taxes
12.6
12.9
Other assets, net
133.6
132.9
Total assets
$ 4,292.7
$ 4,081.8
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable
$ 464.6
$ 438.0
Accrued expenses
301.5
374.2
Income taxes payable
63.4
46.4
Commercial paper
361.0
226.0
Current maturities of long-term debt
18.2
18.3
Current operating lease liabilities
83.8
88.9
Total current liabilities
1,292.5
1,191.8
Long-term debt
1,144.1
1,144.1
Long-term operating lease liabilities
347.8
293.4
Pensions
19.4
18.7
Other liabilities
275.0
270.7
Total liabilities
3,078.8
2,918.7
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued
or outstanding
—
—
Common stock, $0.01 par value, 200,000,000 shares authorized, 87,170,197
shares issued
0.9
0.9
Additional paid-in capital
1,249.7
1,243.0
Retained earnings
4,963.0
4,891.1
Accumulated other comprehensive loss
(48.0)
(48.5)
Treasury stock, at cost, 52,360,280 shares and 52,374,147 shares for 2026 and
2025, respectively
(4,951.7)
(4,923.4)
Total stockholders' equity
1,213.9
1,163.1
Total liabilities and stockholders' equity
$ 4,292.7
$ 4,081.8
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(Unaudited)
(Amounts in millions)
For the Three Months
Ended March 31,
2026
2025
Cash flows from operating activities:
Net income
$ 117.2
$ 129.6
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Loss (income) from equity method investments
0.4
(1.2)
Provision for credit losses
2.1
1.3
Unrealized losses (gains), net on derivative contracts
2.1
(0.5)
Stock-based compensation expense
6.3
6.3
Depreciation and amortization
29.2
25.6
Deferred income taxes
3.3
(1.1)
Pension expense
1.0
1.1
Pension contributions
(0.3)
(0.3)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:
Accounts and notes receivable
(73.6)
8.3
Inventories
(62.6)
(209.4)
Other current assets
13.7
(1.7)
Accounts payable
31.0
85.2
Accrued expenses
(74.3)
(105.1)
Income taxes payable and receivable, net
18.8
27.1
Leases, net
1.3
3.4
Other, net
0.5
(4.4)
Net cash provided by (used in) operating activities
16.1
(35.8)
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment
0.7
0.5
Purchases of property, plant and equipment
(55.5)
(25.5)
Acquisitions, net of cash
(0.2)
—
(Purchases of) proceeds from investments and other
(1.6)
1.5
Net cash used in investing activities
(56.6)
(23.5)
Cash flows from financing activities:
Commercial paper borrowings
434.1
—
Commercial paper payments
(299.1)
—
Payments on debt arrangements
(5.3)
(5.0)
Proceeds from employee stock purchases
2.6
1.2
Repurchases of common stock
(19.5)
(85.2)
Repurchases of common stock to satisfy employee withholding tax obligations
(10.5)
(11.3)
Cash dividends paid
(45.2)
(40.9)
Net cash provided by (used in) financing activities
57.1
(141.2)
Increase (decrease) in cash, cash equivalents and restricted cash
16.6
(200.5)
Effect of exchange rates on cash, cash equivalents and restricted cash equivalents
(2.1)
2.6
Cash, cash equivalents and restricted cash, beginning of period
52.7
415.1
Cash, cash equivalents and restricted cash, end of period
$ 67.2
$ 217.2
Supplemental disclosures of cash flow information:
Interest paid
$ 23.5
$ 19.2
Income taxes paid (net of refunds)
$ 7.0
$ 5.1
Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.
LENNOX INTERNATIONAL INC. AND SUBSIDIARIES
Reconciliation to U.S. GAAP (Generally Accepted Accounting Principles) Measures
(Unaudited, in millions, except per share and ratio data)
Use of Non-GAAP Financial Measures
To supplement the Company's consolidated financial statements and segment net sales and profit (loss) presented in accordance with U.S. GAAP, additional non-GAAP financial measures are provided and reconciled in the following tables. The Company believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results and enhance the ability of investors to analyze the Company's business trends and operating performance.
Reconciliation of Net Cash Provided by (Used in) Operating Activities, a GAAP measure, to Free Cash Flow, a Non-
GAAP measure
For the Three Months
Ended March 31,
2026
2025
Net cash provided by (used in) operating activities
$ 16.1
$ (35.8)
Purchases of property, plant and equipment
(55.5)
(25.5)
Proceeds from the disposal of property, plant and equipment
Lennox International (LII - Free Report) came out with quarterly earnings of $3.35 per share, beating the Zacks Consensus Estimate of $3.16 per share. This compares to earnings of $3.37 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +6.07%. A quarter ago, it was expected that this manufacturer of furnaces, air conditioners and other products would post earnings of $4.76 per share when it actually produced earnings of $4.45, delivering a surprise of -6.51%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Lennox, which belongs to the Zacks Building Products - Air Conditioner and Heating industry, posted revenues of $1.14 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.50%. This compares to year-ago revenues of $1.07 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Lennox shares have added about 2.1% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Lennox?While Lennox has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Lennox was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $7.63 on $1.54 billion in revenues for the coming quarter and $24.25 on $5.5 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Air Conditioner and Heating is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Aaon (AAON - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This maker of air conditioning and heating equipment is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -16.2%. The consensus EPS estimate for the quarter has been revised 2.7% lower over the last 30 days to the current level.
Aaon's revenues are expected to be $386.4 million, up 20% from the year-ago quarter.
Lennox International (LII - Free Report) reported $1.14 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 5.8%. EPS of $3.35 for the same period compares to $3.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.07 billion, representing a surprise of +6.5%. The company delivered an EPS surprise of +6.07%, with the consensus EPS estimate being $3.16.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lennox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Building Climate Solutions: $485.1 million versus the 15-analyst average estimate of $418.43 million. The reported number represents a year-over-year change of +38.1%.Net Sales- Home Comfort Solutions: $650 million versus $646.23 million estimated by 15 analysts on average. Compared to the year-ago quarter, this number represents a -9.9% change.Segment Profit (loss)- Corporate and other: $-18.6 million versus the 14-analyst average estimate of $-17.88 million.Segment Profit (loss)- Building Climate Solutions: $95.6 million versus the 14-analyst average estimate of $77.89 million.Segment Profit (loss)- Home Comfort Solutions: $86.5 million versus $93.69 million estimated by 14 analysts on average.View all Key Company Metrics for Lennox here>>>
Shares of Lennox have returned +6.8% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Nominations are now open for individuals who give back to their communities and need support replacing critical home comfort systems
, /PRNewswire/ -- Lennox (NYSE: LII), a leader in reliable home comfort solutions, today announced that nominations are open for the 2026 Feel The Love® program, sponsored by the LII Lennox Foundation. Through its trusted dealer network across the United States and Canada, Lennox will donate and professionally install new heating and cooling systems for individuals who are pillars of their communities and need dependable home comfort. Nominations are open through August 31, 2026, at FeelTheLove.com.
Lennox and Smith Services support H.A.L.O., a no‑kill animal shelter in Sebastian, Florida, through the Feel The Love® program by replacing an aging HVAC system and creating a safer, more comfortable environment for the animals and staff who care for them.
Lennox Feel the Love Logo (PRNewsfoto/Lennox International Inc.) "Feel The Love reflects who we are at Lennox, deeply committed to people, craftsmanship, and doing what's right," said Sarah Martin, EVP & President of Lennox Home Comfort Solutions. "Each nomination represents someone who consistently shows up for others. Alongside our dealer partners, we're proud to help bring reliable, high‑quality comfort to their homes."
Now in its 17th year, Feel The Love is a cornerstone of Lennox's community impact efforts. Since the program began in 2009, Lennox and its dealers have donated and installed more than 3,100 heating and cooling systems, helping homeowners facing significant challenges.
This year's Feel The Love Installation Week will take place October 3–11. During that time, selected recipients will receive up to a full heating and cooling system at no cost, including high-efficiency Lennox Merit equipment like air conditioners, heat pumps, furnaces, and thermostats, installed by local dealers who donate their time and expertise. Nominees include educators, veterans, healthcare professionals, first responders, caregivers, and families navigating unexpected medical or financial hardships. In addition, 501(c)(3) nonprofits are also accepted as Feel The Love program nominees (though they must be able to take residential HVAC equipment).
Community members are encouraged to submit nominations for individuals who put others first and would benefit from safe, reliable, and energy‑efficient home comfort. To learn more or submit a nomination, visit FeelTheLove.com. Updates throughout the program will be shared on Lennox's Facebook, Instagram, and LinkedIn channels.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com. Media inquiries may be directed to [email protected].
About Feel The Love®
Launched in 2009, Feel The Love is Lennox Residential HVAC's signature community-giving program. Each year, Lennox partners with local dealers and community members across the United States and parts of Canada to identify and support individuals who exemplify service to others and are in need of a helping hand. The LII Lennox Foundation proudly sponsors the Feel The Love program. Learn more at FeelTheLove.com.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The board of directors at Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, approved an increase in the quarterly dividend from $1.30 to $1.36 per share of common stock, payable July 15, 2026, to stockholders of record as of June 30, 2026.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com.
Key Takeaways ALRS declared a $0.22 dividend payable July 10 and has raised payouts six times in five years.LII announced a $1.36 dividend for July 15, with a 1.03% yield and 23% payout ratio.ESEA declared a $0.80 dividend payable June 16 and currently offers a 4.59% dividend yield. Wall Street has remained volatile for most of the year despite all three major indexes hitting multiple all-time closing highs. High inflation, geopolitical tensions and labor market concerns have dented consumer confidence and have time and again unsettled markets.
Hopes of a rate cut by the Federal Reserve anytime soon are fast fading, and uncertainty over an end to the Iran war, which has resulted in a surge in global oil prices, continues to raise concerns.
Given the uncertainty, cautious investors looking for steady income and ways to protect their capital may consider holding or investing in dividend-paying stocks.
Such stocks provide steady earnings through regular dividend payouts and can help mitigate the effects of market volatility. Three such stocks are: Alerus Financial Corporation (ALRS - Free Report) , Lennon International Inc. (LII - Free Report) and Euroseas Ltd. (ESEA - Free Report) .
High Inflation, Geopolitical Tensions Dent Investors’ ConfidenceInflation has been on the rise over the past couple of months after easing in the first few months of the year. Inflation increased for the second consecutive month in April.
The consumer price index (CPI) jumped 0.6% in April following a 0.9% rise in March, according to data released by the Bureau of Labor Statistics. Compared to the same period last year, CPI rose 3.8% in April, reaching its highest annual level since May 2023.
Core CPI, which excludes the volatile food and energy categories, gained 0.4% from the previous month and increased 2.8% year over year. Much of April’s inflation growth was fueled by a 3.8% jump in energy costs, which accounted for nearly 40% of the total increase.
Oil prices have surged nearly 40% since the beginning of the Iran war. President Donald Trump announced a ceasefire last month, but there has been little progress on a peace deal after the first round of talks between the two warring nations failed.
On Wednesday night, the United States reportedly resumed its attack on Iran, raising fresh concerns over renewed tensions.
The Federal Reserve left interest rates unchanged in its current range of 3.5%-3.75% in its last meeting. However, the minutes of the Fed’s last FOMC show that several policymakers are in favor of a rate hike if inflation continues to remain above the 2% target.
3 Stocks That Recently Announced Dividend HikesAlerus Financial CorporationAlerus Financial Corporation is a financial services company. Through its subsidiary Alerus Financial, National Association, ALRS offers financial solutions to businesses and consumers. The company's segment consists of banking, retirement and benefit services, wealth management and mortgage. Alerus Financial Corporation has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
On May 22, Alerus Financial Corporation announced that its shareholders would receive a dividend of $0.22 a share on July 10. ALRS has a dividend yield of 2.91%. Over the past five years, Alerus Financial Corporation has increased its dividend six times, and its payout ratio presently sits at 27% of earnings. Check Alerus Financial Corporation’s dividend history here.
Lennon International Inc.Lennon International Inc. is a leading global provider of climate control solutions. LII designs, manufactures and markets a broad range of products for the heating, ventilation, air conditioning and refrigeration markets. Lennon International has a Zacks Rank #3.
On May 21, Lennon International declared that its shareholders would receive a dividend of $1.36 a share on July 15. LII has a dividend yield of 1.03%. Over the past five years, Lennon International has increased its dividend six times, and its payout ratio presently sits at 23% of earnings. Check Lennon International’s dividend history here.
Euroseas Ltd.Euroseas Ltd. has been in the shipping business for the past 136 years. ESEA operates in the dry cargo, drybulk and container shipping markets. Euroseas has a Zacks Rank #2.
On May 21, Euroseas Ltd announced that its shareholders would receive a dividend of $0.80 a share on June 16. ESEA has a dividend yield of 4.59%. Over the past five years, Euroseas Ltd has increased its dividend six times, and its payout ratio presently sits at 17% of earnings. Check Euroseas Ltd’s dividend history here.
Award highlights innovative design, dependable operation to -20°F, and lasting homeowner confidence
, /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, today announced that its Dave Lennox Signature® Collection cold climate heat pump has received a GOOD DESIGN® Award, one of the world's most recognized honors for product design and innovation.
Presented by The Chicago Athenaeum: Museum of Architecture and Design in collaboration with Metropolitan Arts Press Ltd., the GOOD DESIGN® Award honors products that unite thoughtful design with lasting value, an approach that continues to guide Lennox's innovation.
The Dave Lennox Signature® Collection SL22KLV Cold Climate Heat Pump delivers precise, energy-efficient comfort in temperatures as low as -20°F, offering homeowners reliable performance and potential energy savings. The Lennox SL22KLV Cold Climate Heat Pump was engineered to deliver dependable, energy-efficient comfort in demanding winter environments, maintaining reliable operation in temperatures as low as -20°F. Designed for homeowners seeking comfort and confidence in extreme conditions, the system combines advanced heat pump technology with durable construction and precise system control.
"This recognition speaks to the diligence that goes into every Lennox innovation," said Prakash Bedapudi, EVP and Chief Technology Officer at Lennox. "From demanding cold weather performance to precise system control, this design reflects our commitment to helping homeowners feel confident in their decision, knowing they've chosen a durable solution built for long-term performance."
An integrated design approach supports lasting durability, from a robust cabinet engineered for durability to digital communication that enables accurate, consistent operation. Together, these features help ensure consistent performance in regions where winter conditions demand it most.
This latest GOOD DESIGN® recognition adds to Lennox's long history of award‑winning residential products, including the SL25XPV Heat Pump and the S40 Smart Thermostat, further demonstrating a commitment to solutions that are intuitive to operate, built to last, and designed to offer homeowners lasting peace of mind.
For more information about the SL22KLV Cold Climate Heat Pump, visit www.lennox.com.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com. Media inquiries may be directed to [email protected].
