Earnings summaries and quarterly performance for LENNOX INTERNATIONAL.
Executive leadership at LENNOX INTERNATIONAL.
Alok Maskara
Detailed
Chief Executive Officer
CEO
CK
Chris Kosel
Detailed
Vice President, Chief Accounting Officer and Controller
DS
Daniel Sessa
Detailed
Executive Vice President, Chief Human Resources Officer
JN
Joseph Nassab
Detailed
Executive Vice President, President, Building Climate Solutions
MQ
Michael Quenzer
Detailed
Executive Vice President, Chief Financial Officer
MB
Monica Brown
Detailed
Executive Vice President, Chief Legal Officer and Secretary
PB
Prakash Bedapudi
Detailed
Executive Vice President, Chief Technology Officer
SM
Sarah Martin
Detailed
Executive Vice President, President, Home Comfort Solutions
Board of directors at LENNOX INTERNATIONAL.
Research analysts who have asked questions during LENNOX INTERNATIONAL earnings calls.
BL
Brett Linzey
Mizuho Securities
8 questions for LII
Also covers: AIRO, AIT, ALLE +15 more
Deane Dray
RBC Capital Markets
8 questions for LII
Also covers: AME, ATKR, CARR +21 more
Jeffrey Hammond
KeyBanc Capital Markets
8 questions for LII
Also covers: AOS, ETN, GGG +19 more
JM
Julian Mitchell
Barclays Investment Bank
8 questions for LII
Also covers: AIRJ, ALLE, AME +27 more
NC
Nigel Coe
Wolfe Research, LLC
8 questions for LII
Also covers: AME, CARR, CNM +29 more
Noah Kaye
Oppenheimer & Co. Inc.
8 questions for LII
Also covers: AAON, AMRC, BWA +16 more
RM
Ryan Merkel
William Blair & Company
8 questions for LII
Also covers: AAON, AYI, AZEK +15 more
Christopher Snyder
Morgan Stanley
7 questions for LII
Also covers: ALH, ALLE, AME +21 more
JS
Jeffrey Sprague
Vertical Research Partners
6 questions for LII
Also covers: ALLE, AME, AYI +23 more
DK
Damian Karas
UBS
5 questions for LII
Also covers: ALH, AOS, CGNX +14 more
ST
Steve Tusa
JPMorgan Chase & Co.
5 questions for LII
Also covers: AIN, ALTR, CARR +16 more
Tommy Moll
Stephens Inc.
5 questions for LII
Also covers: CARR, CGNX, DGII +12 more
JO
Joe O'Dea
Wells Fargo
4 questions for LII
Also covers: ALLE, AYI, CARR +8 more
Joe Ritchie
Goldman Sachs
4 questions for LII
Also covers: ALLE, ATS, CARR +20 more
JO
Joseph O'Dea
Wells Fargo & Company
4 questions for LII
Also covers: ALLE, ATMU, AYI +15 more
CS
C. Stephen Tusa
JPMorgan Chase & Co.
3 questions for LII
Also covers: ADSK, ANSS, APG +17 more
Joseph Ritchie
Goldman Sachs
3 questions for LII
Also covers: ALLE, CARR, CGNX +22 more
Thomas Moll
Stephens Inc.
3 questions for LII
Also covers: CARR, CGNX, DGII +13 more
Amit Mehrotra
UBS
2 questions for LII
Also covers: CARR, CR, DOV +15 more
JS
Jeff Sprague
Vertical Research
2 questions for LII
Also covers: CR, IR, JCI +2 more
ND
Nicole DeBlase
Deutsche Bank
2 questions for LII
Also covers: AME, CARR, ETN +7 more
ND
Nicole DeBlase
BofA Securities
2 questions for LII
Also covers: CTOS, EMR, ETN +13 more
SV
Stephen Volkmann
Jefferies
2 questions for LII
Also covers: AGCO, CARR, CAT +21 more
Recent press releases and 8-K filings for LII.
Lennox International Provides 2026 Volume Outlook and Strategic Updates
LII
Guidance Update
Demand Weakening
New Projects/Investments
- Lennox International projects full-year volumes to be down about mid-single digits in 2026, with the one-step channel (residential new construction) expected to decline more due to pricing pressures, while the two-step channel will experience significant volatility, being down in the first half and up in the second half.
- Channel inventory is currently low, potentially lower than normal, following the R-410A obsolescence, and the company anticipates a return to demand-driven growth.
- The company expects an overall cost portfolio increase of 2.5% for the year and plans a mid-single-digit type price increase, expecting about half of it to stick, to maintain margins.
- Lennox anticipates an absorption headwind in Q1 2026 due to reduced production aimed at managing inventory levels, which is expected to be resolved by Q2, with excess inventory burning down in the second half of the year.
- Lennox is strategically focusing on heat pump technology and SKU proliferation to gain market share, including a new commercial heat pump product designed to work with existing electrical infrastructure, and is expanding into growth verticals such as ductless solutions (via Samsung joint venture), water heaters (via Ariston joint venture), and parts and accessories.
Feb 17, 2026, 6:50 PM
Lennox International Discusses 2026 Outlook, Inventory Management, and Growth Initiatives
LII
Guidance Update
Demand Weakening
New Projects/Investments
- Lennox International projects a mid-single-digit decline in full-year volumes for 2026, with residential new construction facing higher pressure and the two-step channel seeing first-half declines followed by second-half increases.
- The company anticipates a mid-single-digit price increase in 2026, expecting about half to stick, and forecasts 2.5% cost inflation on its total cost portfolio, mitigated by fixed contracts and hedging.
- A planned reduction in Q1 2026 production to manage inventory will create an absorption headwind in the first quarter, which is expected to be resolved by Q2, with excess inventory reducing in the second half of the year.
- Despite a challenged commercial unitary market, Lennox is achieving growth in the emergency replacement segment and with national accounts, supported by electrification products and comprehensive service offerings.
- Lennox is strategically focusing on heat pump technology proliferation and regional optimization to expand market share, including a ductless solution via a Samsung joint venture and a new commercial heat pump compatible with existing electrical infrastructure.
Feb 17, 2026, 6:50 PM
Lennox International Discusses 2026 Outlook and Strategic Initiatives
LII
Guidance Update
New Projects/Investments
Demand Weakening
- Lennox International forecasts a mid-single digit volume decline for the full year 2026, with residential new construction facing more pressure and the two-step channel experiencing first-half declines followed by second-half increases.
- Channel inventory is currently low, indicating a growth position, and the company anticipates a healthy repair environment for the coming years, supported by factors like heat pump adoption and shorter equipment lifespans.
- The company plans a mid-single-digit price increase for the year, expecting approximately half to be realized, and projects a 2.5% increase in its total cost portfolio for 2026, with commodity cost inflation largely mitigated by fixed contracts and hedging strategies.
- Strategic growth areas include heat pumps (with new commercial products designed for existing electrical infrastructure), ductless solutions via the Samsung joint venture, and parts and accessories, where significant investments are being made.
- An absorption headwind is expected to significantly impact Q1 2026 earnings due to reduced production for inventory management, though this is anticipated to resolve by Q2, potentially leading to an absorption benefit in the second half of the year.
Feb 17, 2026, 6:50 PM
Lennox (LII) Reports Q4 and Full Year 2025 Results, Issues 2026 Guidance
LII
Earnings
Guidance Update
Accounting Changes
- Lennox (LII) reported Q4 2025 revenue down 11% and adjusted EPS of $4.45. For the full year 2025, revenue was down 3%, but the company achieved a record 20.4% segment margin and adjusted EPS of $23.16, a 2% increase over the prior year's $22.70.
- The company provided full-year 2026 guidance, expecting total company revenue growth of 6%-7%, adjusted EPS between $23.50 and $25, and free cash flow between $750 million and $850 million. This guidance anticipates a return to revenue growth and a fourth consecutive year of EBIT margin expansion, estimated at about 20 basis points.
- In 2025, LII generated $640 million in free cash flow , repurchased $482 million of shares, and deployed $545 million on bolt-on acquisitions and joint venture investments. The company plans to invest $250 million in capital expenditures in 2026.
- LII transitioned from LIFO to FIFO inventory accounting, which increased its 2025 full-year EPS by approximately $1. The company also noted that channel destocking, a significant headwind in 2025, is expected to largely conclude by Q2 2026.
Jan 28, 2026, 2:30 PM
Lennox International Announces Q4 and Full-Year 2025 Results and 2026 Guidance
LII
Earnings
Guidance Update
Accounting Changes
- For full-year 2025, Lennox International reported adjusted earnings per share of $23.16, a 2% increase from the prior year, and a record 20.4% segment margin, despite a 3% decline in full-year revenue. In Q4 2025, adjusted EPS was $4.45 and segment margin was 17.7%, with revenue down 11%.
- The company is initiating full-year 2026 guidance with expected adjusted EPS of $23.50-$25 and total company revenue growth of 6%-7%, driven by stabilizing end markets and normalized channel inventories.
- Free cash flow for 2025 was $640 million, exceeding prior guidance, and is expected to be between $750 million and $850 million in 2026.
- Lennox International adopted the FIFO inventory accounting method, which increased full-year 2025 EPS by approximately $1.
Jan 28, 2026, 2:30 PM
Lennox International Reports Q4 and Full-Year 2025 Results, Issues 2026 Guidance
LII
Earnings
Guidance Update
New Projects/Investments
- Lennox International reported Q4 2025 adjusted EPS of $4.45 and full-year 2025 adjusted EPS of $23.16, achieving a record 20.4% segment margin for the full year despite an 11% revenue decline in Q4 and 3% for the full year due to weak markets and destocking.
- The company provided 2026 guidance including total company revenue growth of 6%-7% and adjusted EPS between $23.50 and $25.
- Free cash flow for 2025 was $640 million, exceeding prior guidance, and is expected to be between $750 million and $850 million in 2026.
- Strategic investments for 2026 include $250 million in capital expenditures to advance key priorities and the continuation of its self-help transformation plan, with $75 million in productivity and cost action savings expected.
Jan 28, 2026, 2:30 PM
Lennox Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
LII
Earnings
Guidance Update
Accounting Changes
- For Q4 2025, Lennox reported revenue of $1.2 billion, an 11% decrease year-over-year, and an adjusted EPS of $4.45. The segment profit margin increased by 110 basis points year-over-year to 17.7%.
- For Full Year 2025, revenue was $5.2 billion, a 3% decrease year-over-year, with an adjusted EPS of $23.16. The segment profit margin for the full year was 20.4%, up 90 basis points year-over-year.
- Lennox provided 2026 financial guidance, projecting total revenue growth of 6% - 7%, adjusted EPS between $23.50 and $25.00, and Free Cash Flow of $750 million to $850 million.
- The company completed a LIFO to FIFO accounting conversion, which increased 2024 FY EPS by $0.12 and Q1-Q3 2025 EPS by $0.55.
- In 2025, Lennox deployed capital through ~$482 million in share repurchases and ~$545 million in M&A execution.
Jan 28, 2026, 2:30 PM
Lennox International Inc. Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
LII
Earnings
Guidance Update
Accounting Changes
- Lennox International Inc. reported Q4 2025 revenue of $1.2 billion, an 11% decrease year-over-year, and GAAP diluted EPS of $4.07, with Adjusted diluted EPS down 22% to $4.45.
- For the full year 2025, revenue was $5.2 billion, down 3% year-over-year, while Adjusted diluted EPS increased 2% to $23.16.
- The company provided full year 2026 guidance, projecting revenue to increase by approximately 6% to 7% and Adjusted earnings per share to be in the range of $23.50 to $25.00.
- These financial results reflect a change in accounting method from LIFO to FIFO, effective in Q4 2025.
Jan 28, 2026, 11:56 AM
Lennox Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
LII
Earnings
Guidance Update
Accounting Changes
- Lennox International reported Q4 2025 revenue of $1.2 billion, an 11% decrease year-over-year, with GAAP diluted EPS of $4.07 and Adjusted diluted EPS of $4.45, down 22%.
- For the full year 2025, revenue was $5.2 billion, a 3% decrease, and GAAP diluted EPS was $22.79, with Adjusted diluted EPS at $23.16, up 2%.
- The company provided full-year 2026 guidance, anticipating revenue to increase by approximately 6% to 7% and Adjusted earnings per share to be within the range of $23.50 to $25.00.
- These financial results reflect a change in accounting method from LIFO to FIFO, effective 4Q 2025.
- Lennox also reported share repurchases totaling $150 million in Q4 2025 and $482 million for the full year 2025.
Jan 28, 2026, 11:45 AM
Lennox Strengthens Commercial HVAC Business with Investments
LII
New Projects/Investments
Product Launch
M&A
- Lennox (NYSE: LII) is investing in its commercial HVAC business to enhance product availability, expand distribution capacity, and elevate the overall customer experience.
- Key investments include the opening of a 763,000-square-foot Regional Distribution Center in Edgerton, Kansas, and ensuring the Saltillo, Mexico factory is fully operational, which together enable the delivery of more than 90% of commercial rooftop units and accessories within one day.
- The company also relaunched Commercial Quick Quote on LennoxPros for instant quotes and real-time inventory, and expanded commercial parts and accessories availability through the acquisition of Duro Dyne and Supco.
Jan 14, 2026, 1:03 PM
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