Brett Linzey

Deane Dray

Jeffrey Hammond

Jeffrey Sprague

Joseph O'Dea

Julian Mitchell

Nigel Coe

Noah Kaye

Ryan Merkel

C. Stephen Tusa

Damian Karas

Joseph Ritchie

Thomas Moll

Christopher Snyder

Nicole DeBlase

Stephen Volkmann

Chris Snyder

Steve Tusa

Tommy Moll

- LII reported **net sales of $1,427 million** for Q3 2025, marking a **5% decrease** compared to Q3 2024.  **[0001069202_2195216:0]** 
- **Segment profit increased** to **$310 million** in Q3 2025 from $303 million in Q3 2024.  **[0001069202_2195216:0]** 
- Adjusted diluted **EPS rose to $6.98** in Q3 2025, up from $6.68 in Q3 2024.  **[0001069202_2195216:0]** 
- **Free cash flow** for Q3 2025 was **$536.0 million**, with an FCF Conversion rate of **63%**.  **[0001069202_2195216:2]** 
- The **Net Debt to Adjusted EBITDA ratio** remained stable at **0.8** for both 2025 and 2024.  **[0001069202_2195216:1]**

LII Announces Q3 2025 Financial Results

- 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%**.  **[0001069202_2195791_1]** **[0001069202_2195791_2]** 
- 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**.  **[0001069202_2195791_1]** **[0001069202_2195791_3]** 
- 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.  **[0001069202_2195791_2]** **[0001069202_2195791_3]** **[0001069202_2195791_7]** 
- Performance was affected by soft residential and commercial end markets, ongoing channel inventory rebalancing, and a trend towards system repair rather than full replacements.  **[0001069202_2195791_1]** **[0001069202_2195791_2]** **[0001069202_2195791_7]** 
- Lennox anticipates a return to market growth in 2026, driven by normalized channel inventory, potential lower interest rates, and a recovery in home sales.  **[0001069202_2195791_4]** **[0001069202_2195791_11]**

Lennox (LII) Reports Q3 2025 Results and Revises Full-Year Guidance

- 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**.  **[0001069202_2195759_1]**  The segment margin was a record **21.7%** for the third quarter.  **[0001069202_2195759_1]** 
- 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).  **[0001069202_2195759_1]** **[0001069202_2195759_3]** 
- 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.  **[0001069202_2195759_2]** **[0001069202_2195759_3]** 
- 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**.  **[0001069202_2195759_1]** **[0001069202_2195759_3]** 
- The company anticipates that channel inventory destocking will conclude by **Q2 2026**, and expects a return to market growth in **2026** for both segments.  **[0001069202_2195759_7]** **[0001069202_2195759_9]**

Lennox International Reports Q3 2025 Results and Updates Full-Year Guidance

- 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**.  **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:0]** **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:1]** 
- 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%**.  **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:0]** **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:1]** 
- 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**.  **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:0]** **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:1]** 
- 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**.  **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:0]** **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:1]** 
- **Operating cash flow was $301 million** for Q3 2025, and the company **repurchased $37 million of shares**.  **[1069202_0001069202-25-000046_lii-2025930xexx991pressrel.htm:1]**

Lennox International Inc. Reports Q3 2025 Results and Updates Full-Year Guidance

- Lennox International reported **Q3 2025 revenue of $1.4 billion**, a **5% decrease** year-over-year.  **[1069202_20251022DA02589:0]** 
- **GAAP diluted EPS** for Q3 2025 was **$6.98**, with **adjusted diluted EPS increasing 4%** to **$6.98**.  **[1069202_20251022DA02589:0]** 
- **Segment profit** for Q3 2025 rose **2%** year-over-year to **$310 million**, achieving a segment margin of **21.7%**.  **[1069202_20251022DA02589:0]** 
- 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**.  **[1069202_20251022DA02589:0]** **[1069202_20251022DA02589:1]** 
- **Free cash flow guidance** for full-year 2025 is now approximately **$550 million**.  **[1069202_20251022DA02589:1]**

Lennox International Reports Third Quarter Results and Updates Full-Year 2025 Guidance

- **Lennox International** acquired NSI Industries' HVAC division from Sentinel Capital Partners for approximately **$550 million in cash**.  **[1069202_20251016NY99789:0]** 
- The acquired HVAC division includes the market-leading **Duro Dyne and Supco brands**.  **[1069202_20251016NY99789:0]** 
- This divestiture allows NSI Industries to refocus as a pure-play manufacturer of branded electrical products.  **[1069202_20251016NY99789:0]**

Lennox International Acquires NSI Industries' HVAC Division

- Lennox (NYSE: LII) has completed the **purchase of the HVAC Division of NSI Industries**, which includes the **Duro Dyne and Supco brand platforms**.  **[1069202_20251016DA99080:0]** 
- This acquisition expands Lennox's **HVAC parts and supplies portfolio**, aiming to **better serve residential and commercial customers**.  **[1069202_20251016DA99080:0]** 
- The integration of these brands is expected to **enhance Lennox's ability to deliver comprehensive lifecycle solutions** and strengthen its distribution capabilities.  **[1069202_20251016DA99080:0]**

Lennox Completes Acquisition of NSI Industries' HVAC Division

- Lennox International highlights its competitive strengths, including a **direct-to-contractor distribution model** and leadership in **product innovation**, particularly in high-efficiency HVAC and cold climate heat pumps.  **[1069202_2139249_0]** **[1069202_2139249_1]** 
- The company is addressing near-term pressures in the residential HVAC market stemming from **regulatory changes**, **tariffs**, and a slowdown in **new construction** and existing home sales.  **[1069202_2139249_2]** 
- Lennox is experiencing positive momentum in the **light commercial segment**, driven by share recovery and the operationalization of a **new second factory** to support emergency replacement and national accounts.  **[1069202_2139249_3]** **[1069202_2139249_4]** 
- Strategic growth initiatives include the acquisition of NSI Industries' HVAC division to significantly expand its **parts and accessories business** towards a goal of nearly **$1 billion** in sales, and partnerships with **Samsung** for ductless offerings and **Ariston** for water heaters to broaden its product portfolio.  **[1069202_2139249_7]** **[1069202_2139249_10]**

Lennox International Discusses Competitive Advantages, Market Challenges, and Growth Strategies

- Lennox International emphasizes its competitive advantages, including a **direct-to-contractor distribution model** that allows for both manufacturing and distributor margins, and a focus on R&D to lead in high-end HVAC products while also offering cost-effective entry-level options.  **[1069202_2139172_0]** **[1069202_2139172_1]** 
- Despite a "temporary inflection" in the residential HVAC market due to regulatory changes, tariffs, and soft housing conditions, Lennox maintains a long-term positive outlook, anticipating growth driven by the essential nature of HVAC and megatrends like shorter system life and rising energy costs.  **[1069202_2139172_2]** 
- The company is actively pursuing growth through **share recovery in light commercial** (supported by a new factory), **product innovation** (e.g., cold climate heat pumps, AI-powered tools), and strategic M&A in the aftermarket, such as the acquisition of NSI Industries' HVAC division, which brings parts sales to nearly **$1 billion**.  **[1069202_2139172_3]** **[1069202_2139172_4]** **[1069202_2139172_5]** 
- Future growth vectors include joint ventures with **Samsung for ductless systems** (expected impact in 2026) and **Ariston for water heaters** (expected impact in 2027), leveraging electrification trends and aiming for a unified customer experience.  **[1069202_2139172_0]** **[1069202_2139172_4]** **[1069202_2139172_8]**

Lennox International Discusses Competitive Advantages, Market Dynamics, and Growth Strategies

- Lennox International is navigating a **"temporary inflection"** in the residential HVAC market due to regulatory changes and soft demand, but anticipates **long-term growth**.  **[1069202_2139252_2]** 
- The company is expanding its light commercial business by leveraging a **new second factory** to drive **share recovery** in emergency replacement and national accounts.  **[1069202_2139252_3]** 
- Lennox recently acquired the HVAC division of NSI Industries, boosting its parts and accessories sales to nearly **$1 billion** and aiming for this segment to reach **40% of total sales**.  **[1069202_2139252_5]** 
- The company is focused on **product innovation**, including cost-optimizing cold climate heat pumps, integrating JV products with unified apps, and leveraging **AI** for enhanced customer experience and internal productivity.  **[1069202_2139252_4]**

LENNOX INTERNATIONAL (LII)