Earnings summaries and quarterly performance for LENNOX INTERNATIONAL.
Executive leadership at LENNOX INTERNATIONAL.
Alok Maskara
Detailed
Chief Executive Officer
CEO
Chris Kosel
Detailed
Vice President, Chief Accounting Officer and Controller
Daniel Sessa
Detailed
Executive Vice President, Chief Human Resources Officer
Joseph Nassab
Detailed
Executive Vice President, President, Building Climate Solutions
Michael Quenzer
Detailed
Executive Vice President, Chief Financial Officer
Monica Brown
Detailed
Executive Vice President, Chief Legal Officer and Secretary
Prakash Bedapudi
Detailed
Executive Vice President, Chief Technology Officer
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.
Brett Linzey
Mizuho Securities
6 questions for LII
Also covers: AIRO, AIT, ALLE +15 more
Deane Dray
RBC Capital Markets
6 questions for LII
Also covers: AME, ATKR, CARR +20 more
Jeffrey Hammond
KeyBanc Capital Markets
6 questions for LII
Also covers: AOS, ETN, GGG +18 more
Jeffrey Sprague
Vertical Research Partners
6 questions for LII
Also covers: ALLE, AME, AYI +23 more
Julian Mitchell
Barclays Investment Bank
6 questions for LII
Also covers: AIRJ, ALLE, AME +26 more
Nigel Coe
Wolfe Research, LLC
6 questions for LII
Also covers: AME, CARR, CNM +26 more
Noah Kaye
Oppenheimer & Co. Inc.
6 questions for LII
Also covers: AAON, AMRC, BWA +16 more
Ryan Merkel
William Blair & Company
6 questions for LII
Also covers: AAON, AYI, AZEK +15 more
Christopher Snyder
Morgan Stanley
5 questions for LII
Also covers: ALH, ALLE, AME +20 more
Damian Karas
UBS
5 questions for LII
Also covers: ALH, AOS, CGNX +14 more
Joseph O'Dea
Wells Fargo & Company
4 questions for LII
Also covers: ALLE, ATMU, AYI +15 more
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
Steve Tusa
JPMorgan Chase & Co.
3 questions for LII
Also covers: AIN, ALTR, CARR +15 more
Thomas Moll
Stephens Inc.
3 questions for LII
Also covers: CARR, CGNX, DGII +13 more
Tommy Moll
Stephens Inc.
3 questions for LII
Also covers: CGNX, DGII, DSGR +9 more
Joe O'Dea
Wells Fargo
2 questions for LII
Also covers: ALLE, AYI, DOV +5 more
Joe Ritchie
Goldman Sachs
2 questions for LII
Also covers: ALLE, ATS, CARR +15 more
Nicole DeBlase
BofA Securities
2 questions for LII
Also covers: CTOS, EMR, ETN +13 more
Stephen Volkmann
Jefferies
2 questions for LII
Also covers: AGCO, CARR, CAT +20 more
Recent press releases and 8-K filings for LII.
Lennox CEO Discusses Growth Initiatives and Positive 2026 Outlook
LII
Guidance Update
New Projects/Investments
M&A
- Lennox's CEO, Alok Maskara, expressed confidence in the company's future, highlighting strong ROIC and adjusted profit margin growth from 15% to 20%.
- The company is pursuing four key growth initiatives: increasing heat pump penetration (currently under 20% vs. industry's one-third), expanding emergency replacement capabilities, strategic acquisitions (like Duro Dyne Subco for parts), and joint ventures (Samsung, Ariston) to expand its total addressable market.
- Lennox expects 2026 to show higher revenue, units sold, and Return on Sales (ROS) compared to 2025 for both its commercial (BCS) and residential (HCS) segments.
- The acquisition of Duro Dyne Subco is expected to significantly boost Lennox's parts business, aiming to increase its attachment rate from the teens to 30%-35% and achieve a 30% margin for the acquired business.
- Lennox anticipates continued price increases in 2026 across both segments due to ongoing inflation in materials and other costs.
3 days ago
Lennox CEO Discusses 2026 Outlook and Growth Initiatives
LII
Guidance Update
New Projects/Investments
M&A
- Lennox expects revenue, units sold, and adjusted profit margin (ROS) to be higher in 2026 than in 2025 across both its BCS and HCS segments.
- The company anticipates price increases in 2026 for both segments, driven by inflation in metal, healthcare, and tariffs, with a goal to price above inflation.
- Strategic growth initiatives include expanding in heat pumps, developing the emergency replacement business, increasing attachment rates through acquisitions (like Duro Dyne Subco for parts), and expanding its total addressable market via joint ventures (Samsung and Ariston).
- Lennox's parts business, currently over 10% of revenue, aims to reach 30-40% through acquisitions like Duro Dyne Subco, which is expected to be accretive to margin, growth, and EPS.
- Regarding inventory, destocking for the two-step channel is projected to conclude by Q2 2026, and the company expects to convert excess inventory into cash in 2026.
3 days ago
Lennox Presents Financial Performance and Growth Strategies at Goldman Sachs Conference
LII
New Projects/Investments
Revenue Acceleration/Inflection
Demand Weakening
- Lennox reported a market capitalization of $18.6 billion and core revenue of $5.4 billion (down 13% year-over-year) with an adjusted segment profit margin of 20% (up 110 basis points year-over-year) as of September 30, 2025.
- As of September 30, 2025, Lennox's $5.4 billion core revenue was primarily derived from Home Comfort Solutions (66%) and Building Climate Solutions (34%), with 75% of core revenue coming from New Construction applications.
- The company is investing in growth acceleration through initiatives such as heat pumps, emergency replacement services, and expanding its attachment of parts, supplies, and services.
- Lennox identifies an attractive investment opportunity in the $10 billion parts and supplies market, with a current coverage of $5 billion, serving both residential (40%) and commercial (60%) sectors.
3 days ago
Lennox CEO Discusses Growth Initiatives, 2026 Outlook, and Inventory Dynamics
LII
Guidance Update
New Projects/Investments
M&A
- Lennox is pursuing four key growth initiatives: increasing heat pump penetration, expanding emergency replacement business, leveraging acquisitions in parts and service to boost attachment rates, and growing its total addressable market through JVs with Samsung and Ariston.
- The company aims for higher revenue, units sold, and Return on Sales (ROS) in 2026 compared to 2025, expecting to implement a price increase to offset inflation and achieve pricing above inflation.
- Following a "transition year" in 2025, Lennox anticipates destocking in the two-step channel to conclude by Q2 2026 and expects to convert excess inventory into cash in 2026, which should act as a tailwind for free cash flow.
- A recent acquisition, Duro Dyne Subco, is projected to be accretive to margin, growth, and EPS, with the goal of increasing the parts business from just over 10% of revenue to 30%-40%.
3 days ago
Lennox (LII) Reports Q3 2025 Results and Revises Full-Year Guidance
LII
Earnings
Guidance Update
Demand Weakening
- Lennox (LII) reported Q3 2025 revenue declined 5%, while adjusted earnings per share reached a record $6.98, a 4% year-over-year increase, with a record third-quarter segment margin of 21.7%.
- The company revised its full-year 2025 outlook, now projecting a sales decline of 1% and adjusted EPS in the range of $22.75 to $23.25.
- Full-year 2025 free cash flow guidance was lowered to approximately $550 million due to elevated finished goods inventory levels, which are expected to normalize by Q2 2026.
- Performance was affected by soft residential and commercial end markets, ongoing channel inventory rebalancing, and a trend towards system repair rather than full replacements.
- Lennox anticipates a return to market growth in 2026, driven by normalized channel inventory, potential lower interest rates, and a recovery in home sales.
Oct 22, 2025, 1:30 PM
Lennox International Reports Q3 2025 Results and Updates Full-Year Guidance
LII
Earnings
Guidance Update
M&A
- Lennox International reported a 5% decline in revenue for Q3 2025, but achieved a record adjusted EPS of $6.98, a 4% year-over-year increase. The segment margin was a record 21.7% for the third quarter.
- The company revised its full-year 2025 guidance, now expecting revenue to decline 1% (previously 3% growth) and adjusted EPS in the range of $22.75 to $23.25 (down from $23.25 to $24.25).
- Full-year free cash flow guidance was also adjusted to approximately $550 million, down from the prior range of $650 million to $800 million, primarily due to elevated inventory levels.
- Lennox completed the acquisition of Durodyne and SUPCO, which has annual revenues of approximately $225 million and is expected to be accretive in 2026, contributing about 1% to full-year revenue growth.
- The company anticipates that channel inventory destocking will conclude by Q2 2026, and expects a return to market growth in 2026 for both segments.
Oct 22, 2025, 1:30 PM
LII Announces Q3 2025 Financial Results
LII
Earnings
Demand Weakening
- LII reported net sales of $1,427 million for Q3 2025, marking a 5% decrease compared to Q3 2024.
- Segment profit increased to $310 million in Q3 2025 from $303 million in Q3 2024.
- Adjusted diluted EPS rose to $6.98 in Q3 2025, up from $6.68 in Q3 2024.
- Free cash flow for Q3 2025 was $536.0 million, with an FCF Conversion rate of 63%.
- The Net Debt to Adjusted EBITDA ratio remained stable at 0.8 for both 2025 and 2024.
Oct 22, 2025, 1:30 PM
Lennox International Inc. Reports Q3 2025 Results and Updates Full-Year Guidance
LII
Earnings
Guidance Update
Demand Weakening
- Lennox International Inc. reported Q3 2025 revenue of $1.4 billion, a 5% decrease year-over-year, with GAAP diluted EPS increasing 4% to $6.98.
- The company's operating income for Q3 2025 rose 2% to $310 million, and segment profit also increased 2% to $310 million, with segment margin expanding by 150 basis points to 21.7%.
- For the full year 2025, Lennox updated its guidance, projecting revenue to decline by approximately 1% and adjusted diluted EPS to be between $22.75 and $23.25.
- The Home Comfort Solutions segment revenue decreased 12%, impacted by channel destocking and a weak selling season, while the Building Climate Solutions segment achieved 10% revenue growth.
- Operating cash flow was $301 million for Q3 2025, and the company repurchased $37 million of shares.
Oct 22, 2025, 10:51 AM
Lennox International Reports Third Quarter Results and Updates Full-Year 2025 Guidance
LII
Earnings
Guidance Update
Demand Weakening
- Lennox International reported Q3 2025 revenue of $1.4 billion, a 5% decrease year-over-year.
- GAAP diluted EPS for Q3 2025 was $6.98, with adjusted diluted EPS increasing 4% to $6.98.
- Segment profit for Q3 2025 rose 2% year-over-year to $310 million, achieving a segment margin of 21.7%.
- The company updated its full-year 2025 guidance, projecting a revenue decline of approximately 1% and revised adjusted EPS in the range of $22.75 to $23.25.
- Free cash flow guidance for full-year 2025 is now approximately $550 million.
Oct 22, 2025, 10:45 AM
Lennox International Acquires NSI Industries' HVAC Division
LII
M&A
New Projects/Investments
- Lennox International acquired NSI Industries' HVAC division from Sentinel Capital Partners for approximately $550 million in cash.
- The acquired HVAC division includes the market-leading Duro Dyne and Supco brands.
- This divestiture allows NSI Industries to refocus as a pure-play manufacturer of branded electrical products.
Oct 16, 2025, 2:09 PM
Quarterly earnings call transcripts for LENNOX INTERNATIONAL.
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