Lennox International
Makes residential and light-commercial HVAC, refrigeration, controls, parts, and lifecycle services.
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Profile
Makes residential HVAC equipment, controls, parts, and supplies through Home Comfort Solutions, while Building Climate Solutions covers light-commercial HVAC, refrigeration, installation, maintenance, and recycling. Most revenue comes from the United States and Canada through direct sales, owned stores, contractors, and independent distributors.
Designs and manufactures residential and light-commercial heating, cooling, indoor-air-quality, and refrigeration products across North America. Home Comfort Solutions covers furnaces, air conditioners, heat pumps, packaged systems, controls, parts, supplies, and owned stores. Joint ventures add ductless systems and water heaters, while the Comfort-Aire, Century, and Coast Air acquisition expands distributor offerings.
Building Climate Solutions combines rooftop and split systems, national-account services, Heatcraft refrigeration, AES replacement and recycling, and Duro Dyne air-distribution components. Direct dealer relationships, independent distributors, contractors, and owned stores extend coverage across brands and price points.
Most sales serve equipment replacement; the balance follows new construction, while weather drives seasonality. Production depends on components and metals, and energy-efficiency and refrigerant rules shape product design.
Company facts
Key statistics
Year to date −21.1% · Average volume (30d) 554.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | Goldman Sachs | Reiterate | Buy | $592 | $547 |
| Jul 30, 2026 | RBC Capital | Reiterate | Sector Perform | $534 | $469 |
| Apr 30, 2026 | Oppenheimer | Target | $630 | $650 | |
| Apr 30, 2026 | Robert W. Baird | Target | $572 | $550 | |
| Apr 30, 2026 | Vertical Research | Target | $300 | $600 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $7.67 | $7.72 | +0.7% | $1.56B | $1.55B | −0.9% | −20.97% |
| Apr 29, 2026Q1 FY26 | $3.16 | $3.35 | +6.0% | $1.07B | $1.14B | +6.0% | +3.34% |
| Jan 28, 2026Q4 FY25 | $4.75 | $4.45 | −6.3% | $1.27B | $1.20B | −5.8% | +1.77% |
| Oct 22, 2025Q3 FY25 | $6.82 | $6.98 | +2.3% | $1.47B | $1.43B | −3.0% | +0.39% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.07B | $1.50B | $1.43B | $1.20B | $1.14B | $1.55B | |
| Gross profit | $328.5M | $522.5M | $475.0M | $389.3M | $351.3M | $539.5M | |
| Operating income | $155.6M | $354.0M | $310.2M | $195.8M | $166.1M | $355.0M | |
| Net income | $120.3M | $277.6M | $245.8M | $142.5M | $117.2M | $269.0M | |
| Diluted EPS | $3.37 | $7.82 | $6.96 | $4.07 | $3.35 | $7.72 | |
| Gross margin | 30.6% | 34.8% | 33.3% | 32.6% | 30.9% | 34.9% | |
| Operating margin | 14.5% | 23.6% | 21.7% | 16.4% | 14.6% | 23.0% |
Fiscal years (4-quarter sums)FY21 $4.19B · FY22 $4.72B · FY23 $4.98B · FY24 $5.34B · FY25 $5.20B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $52.1M · Total debt $2.02B · Total assets $4.55B · Shareholders' equity $1.30B
Dividends
Raised for 25 straight years — most recently to $1.36 from $1.30 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $1.36 | raised from $1.30 |
| Mar 31, 2026 | Mar 31 | Apr 15 | $1.30 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $1.30 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $1.30 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $1.30 | raised from $1.15 |
| Apr 30, 2025 | Apr 30 | May 15 | $1.15 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $1.15 | |
| Sep 30, 2024 | Sep 30 | Oct 15 | $1.15 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 34.56M · Float 29.41M · 85.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.98M | 8.61% | 13F | Aug 7, 2026 |
| Capital International Investors | 2.48M | 7.18% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 2.06M | 5.95% | 13F | Aug 13, 2026 |
| Viking Global Investors LP | 1.59M | 4.60% | 13F | Aug 14, 2026 |
| State Street Corp | 1.48M | 4.29% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 6, 2026 | Chris Kosel | officer: VP-Corp Controller and CAO | −971 | $544.80 |
| Feb 25, 2026 | Shane D. Wall | director | −100 | $540.01 |
| Feb 4, 2026 | Chris Kosel | officer: VP-Corp Controller and CAO | −254 | $536.50 |
| Feb 4, 2026 | Todd J. Teske | director | −700 | $533.45 |
| Nov 11, 2025 | Todd J. Teske | director | −600 | $491.85 |
Peers
- Carrier Global
Broad HVACR overlap across residential, commercial, controls, and cold chain
- Trane Technologies
Strong overlap in residential HVAC, commercial HVAC, controls, and services
- Johnson Controls
Commercial HVAC, controls, service, and refrigeration peer after R&LC exit
- AAON
Focused commercial HVAC peer in rooftop units, air handlers, and BASX
- Watsco
Contractor-channel and parts/supplies overlap in HVAC/R distribution
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lennox International | $393.40 | −0.01% | $13.60B | 17.8 | 15.8 | 2.6 | +3.0% |
| Carrier Global | $58.46 | −0.55% | $48.46B | 40.8 | 19.2 | 2.2 | +3.9% |
| Trane Technologies | $445.75 | −0.75% | $98.78B | 34.0 | 27.3 | 4.4 | +10.6% |
| Johnson Controls | $139.59 | +0.01% | $84.56B | 24.3 | 24.2 | 3.4 | +9.3% |
| AAON | $76.50 | +0.80% | $6.21B | 39.7 | 27.7 | 3.2 | +101.2% |
| Watsco | $310.76 | 0.00% | $12.80B | 26.8 | 25.0 | 1.8 | +2.1% |
| Median | 34.0 | 25.0 | 3.2 | +9.3% |