Quarterly ResultApr 29, 2026, 06:57 AM
LII Q1 Revenue +6% to $1.1B; GAAP EPS $3.35; FY EPS Guidance Maintained
AI Summary
Lennox International reported first-quarter 2026 results with revenue increasing 6% to $1.1 billion, while GAAP operating income decreased 3% to $164 million and GAAP diluted EPS fell 8% to $3.35. The Home Comfort Solutions segment saw a 10% revenue decline, though showing sequential improvement, while the Building Climate Solutions segment delivered strong growth with revenue up 38%. The company maintained its full-year EPS guidance range of $23.50 to $25.00, citing stabilizing end-markets and strategic initiative momentum despite macro uncertainties.
Key Highlights
- Revenue increased 6% to $1.1 billion.
- GAAP Operating Income decreased 3% to $164 million.
- GAAP diluted EPS was $3.35, down 8% year-over-year.
- Home Comfort Solutions revenue declined 10% to $650 million; segment profit down 30%.
- Building Climate Solutions revenue grew 38% to $485 million; segment profit up 63%.
- Operating cash flow was $16 million, compared to $36 million cash used in prior year.
- Full-year EPS guidance maintained at $23.50 - $25.00.
- Full-year revenue growth guidance updated to approximately 8%.