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Lennox International Inc - Stock Quote LII

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Morningstar's Lennox International Inc Stock Analysis

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Strong Pricing Drove Record Q1 Revenue for Lennox but Commercial Segment Was a Margin Headwind

Analyst Note

| Brian Bernard, CFA, CPA |

Narrow-moat Lennox International reported solid first-quarter results despite a challenging quarter for its commercial heating and cooling segment. The commercial segment (19% of first-quarter sales) faced ongoing supply chain challenges and labor shortages at its Stuttgart, Arkansas, manufacturing plant.

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Lennox International Inc's Company Profile

Business Description

Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2021, residential HVAC was 64% of sales, commercial HVAC was 21%, and refrigeration accounted for the remaining 15% of sales. The company goes to market with multiple brands, but Lennox is the company’s flagship HVAC brand. The Texas-based company generates most of its sales in North America.

2140 Lake Park Boulevard
Richardson, TX, 75080
T +1 972 497-5000
Sector Industrials
Industry Specialty Industrial Machinery
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 11,000