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Earnings transcript
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LII
Lennox International Inc.
$528.9
-0.14
(-0.03%)
| Exchange: | NYSE |
| Market Cap: | 18.406B |
| Shares Outstanding: | 35M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Construction | |||||
| CEO: | Alok Maskara | |||||
| Full Time Employees: | 5400 | |||||
| Address: |
| |||||
| Website: | http://www.lennox.com |
Lennox International Inc. is a global manufacturer and distributor specializing in heating, ventilation, air conditioning (HVAC), and refrigeration solutions. The company operates across three divisions: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. Its Residential Heating & Cooling division supplies homeowners with systems like furnaces, air conditioners, and heat pumps, along with indoor air quality products, comfort controls, and replacement components, catering to both new construction and existing residential upgrades. The Commercial Heating & Cooling division serves the light commercial sector, providing unitary HVAC equipment, advanced applied systems, control technologies, and comprehensive installation and maintenance services, including variable refrigerant flow solutions. Lastly, the Refrigeration division delivers essential components such as condensing units, unit coolers, and industrial chillers. These are crucial for food preservation in retail, hospitality, and logistics (e.g., supermarkets, restaurants, warehouses), as well as for specialized cooling needs in data centers, machine tooling, and other industrial applications. The company distributes its offerings through direct sales, a network of distributors, and its proprietary parts and supplies retail locations. Established in 1895, Lennox International Inc. maintains its headquarters in Richardson, Texas.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,981,900 | 5,341,300 | 5,195,300 |
| Gross Profit | 1,547,800 | 1,771,900 | 1,715,300 |
| EBITDA | 879,500 | 1,133,000 | 1,116,600 |
| Operating Income | 790,100 | 1,034,800 | 1,015,600 |
| Net Income | 590,100 | 806,900 | 786,200 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,798,300 | 3,471,800 | 4,081,800 |
| Total Liabilities | 2,513,000 | 2,621,600 | 2,918,700 |
| Total Stockholders Equity | 285,300 | 850,200 | 1,163,100 |
| Total Debt | 1,527,300 | 1,488,600 | 2,064,100 |
| Cash and Cash Equivalents | 60,700 | 415,100 | 34,200 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 736,200 | 945,700 | 757,600 |
| Capital Expenditure | -250,200 | -163,600 | -118,800 |
| Free Cash Flow | 486,000 | 782,100 | 638,800 |
| Net Income | 590,100 | 806,900 | 805,800 |
| Net Change in Cash | 8,100 | 354,400 | -362,400 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 6,875,007.333 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 7,225,002.601 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 7,020,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,020,003.129 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,122,838.151 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,062,604.631 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,261,438.226 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,345,452.887 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,296,243.036 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 942,254.230 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 990,222.837 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 962,126.202 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 36.930 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 38.330 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 35.940 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Revenue Growth: Lennox reported a 3% revenue increase in the second quarter of 2025, as highlighted in the earnings call transcript, reflecting consistent top-line performance despite market challenges. This growth aligns with strategic execution and operational efficiency.
- Strong Profitability Metrics: Key metrics such as gross profit margin (TTM) and net profit margin (TTM) indicate robust profitability compared to industry averages, showcasing Lennox’s ability to maintain healthy margins within the industrial sector.
- Positive Free Cash Flow: The cash flow statements demonstrate strong free cash flow (TTM), supported by effective operating cash flow management, providing financial flexibility for reinvestment or debt reduction.
- Innovation Focus: The 2025 Q2 earnings call emphasized Lennox’s commitment to long-term growth through innovation and partnerships, positioning the company as a forward-thinking player in its industry.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates LII intrinsic value between $321.45 – $460.05 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about LII valuation
Is Lennox International Inc. (LII) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Lennox International Inc. (LII) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LII a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LII trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LII’s P/E ratio?
You can see LII’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LII?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LII a good long-term investment?
Whether LII fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LII
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Daily snapshot
-0.03
Trading Metrics:
| Open: | 526.84 | Previous Close: | 529.04 | |
| Day Low: | 523.02 | Day High: | 528.9 | |
| Year Low: | 434.06 | Year High: | 689.44 | |
| Price Avg 50: | 497.24 | Price Avg 200: | 512.05 | |
| Volume: | 9708 | Average Volume: | 447176 |
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Login — it's freeLII full analysis
Welcome to MARKETSNAP’s SWOT analysis for Lennox International, a key player in the heating, ventilation, air conditioning, and refrigeration space. If you’re not familiar with Lennox, let me give you the quick rundown. They’re a leading provider of climate control solutions, operating in the building products industry within the broader industrials sector. With a global presence, a workforce of thousands, and a focus on both residential and commercial markets, Lennox has carved out a solid spot in an essential niche.…
