Form 10-Q · Quarterly report
Lennox International 10-Q, filed Oct 28, 2026
- Filed
- CIK
- 0001069202
- Accession no.
- 0001069202-26-000096
Summary
Lennox International reported mixed third-quarter 2026 results, with net sales up 10% to $1,572 million while operating income fell $17 million to $312 million and diluted earnings per share declined to $6.41 from $7.38, as Home Comfort Solutions profit dropped $40 million and Building Climate Solutions profit rose $26 million. The company said inflation including tariff-related impacts, lower factory absorption, and higher costs pressured margins, and noted tariff changes after the U.S. Supreme Court ruled against IEEPA tariffs in February 2026.
Key points
- Lennox International reported third-quarter 2026 net sales of $1,572.5 million, up 10.2% year over year, net income of $221 million, and diluted earnings per share of $6.41, down from $7.38 a year earlier.
- Home Comfort Solutions net sales rose 3% to $937.2 million while segment profit fell $39.6 million to $175.7 million; Building Climate Solutions net sales rose 24% to $635.3 million while segment profit rose $26.2 million to $166.5 million.
- For the nine months ended September 30, 2026, Lennox International returned $138 million through dividends and repurchased $302 million of common stock.
- The U.S. Supreme Court ruled against IEEPA tariffs in February 2026, leaving Section 232 tariffs on steel, copper, and aluminum and Section 301 tariffs on covered HVAC imports in place; a temporary Section 122 10% global tariff applied through July 24, 2026, and was replaced by Section 301 forced labor tariffs of 10% or 12.5% covering imports from 60 trading partners.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management's Discussion Business Overview We operate in two reportable business segments of the HVACR industry, Home Comfort Solutions and Building Climate Solutions. For more detailed information regarding our reportable segments, see Note 2 in the Notes to the Consolidated Financial Statements. Our fiscal quarterly periods are comprised of approximately 13 weeks, but the number of days per quarter may vary year-over-year. Our quarterly reporting periods usually end on the Saturday closest to the last day of March, June, and September. Our fourth quarter and fiscal year ends on December 31, regardless of the day of the week on which December 31 falls. …
An excerpt of the text as filed with the SEC, cut for length.
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