Lennox International Inc announced Joseph F. Nassab will retire on December 31, 2026, become Strategic Advisor effective January 1, 2027, and be succeeded by Geoffrey Dethlefsen. His advisory term runs through February 28, 2028 with an annual salary of $180,000.
LII · Lennox International Inc
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Lennox International Inc reported third-quarter revenue growth of 10.2% to $1.6 billion, but total segment profit declined approximately 2% to $323 million. It reduced full-year adjusted EPS guidance to $21 to $21.50 and launched a recovery plan focused on pricing, productivity and portfolio.
Lennox International Inc reported third quarter of 2026 net sales of $1,572 million, up 10%, while operating income fell $17 million to $312 million and net income was $221 million. Home Comfort Solutions profit fell $40 million; Building Climate Solutions profit rose $26 million.
Lennox reported third-quarter revenue of $1.6 billion, up 10%, adjusted diluted EPS of $6.84, down 7%, and lowered full-year adjusted EPS guidance to $21.00 to $21.50 from $23.00 to $24.00.
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 28, 2026TL;DR. Third-quarter revenue rose 10% to $1.6 billion and Building Climate Solutions revenue grew 24%, but total segment profit fell 2% and adjusted EPS fell 7% amid lower price realization and cost inflation. Lennox cut full-year revenue, adjusted-EPS and free-cash-flow guidance, while operating cash flow increased to $395 million, organic inventory units fell more than 15%, management expects higher 2027 sales, EPS and EBIT, and an entry-tier launch is planned for Q1 2027.
- + Third-quarter revenue increased 10% to $1.6 billion, with acquisitions contributing approximately $20 million of operating profit accretion. new
- + Building Climate Solutions revenue grew 24% to $635 million, including 15% organic growth, while segment profit rose 19% to $167 million. new
- + Operating cash flow rose to $395 million and organic inventory units fell more than 15% from last year. new
- + A full entry-tier product launch is planned for Q1 2027 to improve affordability and support share defense. new
- − Total segment profit fell 2% to $323 million, segment margin declined 240 basis points, and adjusted EPS fell 7% to $6.84. new
- − Home Comfort Solutions segment profit fell 18% to $176 million and segment margin contracted 490 basis points to 18.7%. new
- − Full-year adjusted-EPS guidance was reduced to $21.00–$21.50 from $23.00–$24.00. new
- − Full-year revenue-growth guidance was reduced to approximately 6% from 8%. new
- − Full-year free-cash-flow guidance was reduced to $700 million–$750 million from $750 million–$850 million. new
- − The first half of 2027 is expected to be more challenging because of year-over-year tariff headwinds. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Key metrics
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Versus peers
Building Products & Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LII
this stock
Lennox International Inc
|
$12.04B | -27.5% | -2.7% | 16.3 | 8.0% |
|
TT
Trane Technologies plc
|
$91.50B | +7.4% | +5.6% | 29.5 | 2.2% |
|
JCI
Johnson Controls International plc
|
$83.63B | +16.4% | -4.2% | 29.8 | 1.7% |
|
CARR
CARRIER GLOBAL Corp
|
$44.34B | +2.6% | -3.3% | — | 2.3% |
|
CODGF
Compagnie De Saint Gobain
|
$41.97B | -14.6% | — | — | 0.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
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- Nov 2, 2026
- This year
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Lennox International Inc announced Joseph F. Nassab will retire on December 31, 2026, become Strategic Advisor effective January 1, 2027, and be succeeded by Geoffrey Dethlefsen. His advisory term runs through February 28, 2028 with an annual salary of $180,000.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LII | +2.9% | -1.6% | -30.0% | +2.3% | -27.5% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +0.4% | -0.4% | -30.5% | +2.5% | -38.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.