Quarterly ResultApr 29, 2026, 02:36 PM
LII Q1 Net Sales +5.8% to $1.14B; Net Income $117.2M; Antitrust Lawsuit
AI Summary
Lennox International Inc. reported Q1 2026 net sales of $1,135.1 million, a 5.8% increase year-over-year, while net income decreased by 9.5% to $117.2 million, resulting in diluted EPS of $3.35. The company also disclosed an antitrust class action lawsuit filed in March 2026, alleging price fixing of HVAC equipment. During the quarter, LII repurchased $20.0 million of common stock and increased commercial paper outstanding to $361.0 million.
Key Highlights
- Antitrust class action lawsuit filed March 20, 2026, alleging HVAC equipment price fixing.
- Q1 2026 Net Sales increased 5.8% to $1,135.1 million from $1,072.6 million in Q1 2025.
- Q1 2026 Net Income decreased 9.5% to $117.2 million from $129.6 million in Q1 2025.
- Q1 2026 Diluted EPS was $3.35, down 7.7% from $3.63 in Q1 2025.
- Home Comfort Solutions net sales decreased 9.9% to $650.0 million.
- Building Climate Solutions net sales increased 38.1% to $485.1 million.
- Repurchased 39,000 shares for $20.0 million in Q1 2026.
- Commercial paper outstanding increased to $361.0 million from $226.0 million.