LIILennox International Inc.
Lennox International Inc. (LII) sells heating, ventilation, and air conditioning (HVAC) systems, primarily for residential and commercial buildings. The next catalyst is Oct 21, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to meet its 2026 guidance amid a steep revenue decline of 16.2% year-over-year .
- Revenue fell 16.2% YoY to $5.14B, with net income of $770.20M and diluted EPS of $3.35.
- Free cash flow (TTM) was $158.40M, and net margin was 15.0%.
- Debt-to-equity ratio is 0.98x, with shareholders’ equity of $1.16B.
The Read
7% on inline Q4 2025 EPS and strong FY2026 guidance, then fell about 15% after no guidance raise at Investor Day, stayed flat on mixed Q1 2026 results, but plunged about 17.
The schedule
- Wed21Oct
- Tue9Feb
- Wed28Apr
- Wed28Jul
Past
- Wed29Jul
Actual outcome: Bear · $446.87 at outcome
Lennox reported Q2 2026 revenue of $1.5 billion and flat adjusted EPS of $7.72, which disappointed investors against a high valuation bar. The stock crashed as management lowered full-year EPS guidance to $23.00-$24.00, citing continued weakness and housing market headwinds in its residential-focused Home Comfort Solutions segment.
Lennox's Q2 2026 print will reveal peak cooling season demand dynamics and initial traction for the new A2L refrigerant systems against a high valuation bar.
- Wed29Apr
Actual outcome: Mixed · $521.25 at outcome
Lennox reported Q1 2026 revenue of $1.1 billion, up 6% year-over-year, and EPS of $3.35, which beat consensus estimates but was down 8% from the prior year. The company also reaffirmed its full-year EPS guidance of $23.50 to $25.00. The combination of an earnings beat against lowered expectations, offset by year-over-year profit declines and unchanged guidance, resulted in a muted market reaction, leaving the stock relatively flat through the outcome date.
- Sun1Mar
Actual outcome: Bear · $478.86 at outcome
Lennox hosted its Investor Day where it reaffirmed its previously issued full-year 2026 financial guidance and unveiled 2030 long-term targets, while also announcing an expansion into residential water heating. The lack of a near-term guidance raise or positive surprises failed to meet market expectations, triggering a 15% sell-off that drove the stock well below the bear floor.
- Tue17Feb
Actual outcome: Bull · $558.32 at outcome
LII reported EPS of 4.08, matching the estimate, but the stock moved higher due to strong FY2026 guidance. The company raised its revenue outlook, projecting 12% growth year-over-year, driven by new product launches and expanded market penetration. The market reacted positively to the optimistic guidance, signaling confidence in the company's growth trajectory and strategic initiatives.
