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Lennox International

American climate control product manufacturer

Lennox International Inc. is an American provider of climate control products for the heating, ventilation, and air conditioning (HVAC) and refrigeration markets.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1999Founded1

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  • TickerLII on NYSE1
  • Industryheating, ventilation, and air conditioning1
  • HeadquartersRichardson1
  • Websitewww.lennox.com
  • Legal formlimited liability company1
  • Incorporated inDE4
  • Business address2140 Lake Park Blvd, Richardson, Tx 750804
  • Filer categoryLarge accelerated filer4
AirConditionerLennox
Photo: Raysonho @ Open Grid Scheduler / Scalable Grid Engine, CC0, via Wikimedia Commons6

Lennox International Inc. is an American provider of climate control products for the heating, ventilation, and air conditioning (HVAC) and refrigeration markets. Based in Richardson, Texas, the company is 9.8% owned by John W. Norris, III, a descendant of DW Norris, who acquired the company in 1904. The company's largest production facilities are in Saltillo, Mexico, Marshalltown, Iowa, and Orangeburg, South Carolina.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

33.4%Gross margin7
20.0%Operating margin7
15.5%Net margin7
-2.7%Revenue growth, 20257
69.3%Return on equity7
$638.8MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Residential Heating and Cooling brought in 64% of the revenue Lennox International broke down this way in fiscal 2025.

  1. Residential Heating and Cooling$3.3B764%down 7% from 2024
  2. Commercial Heating and Cooling$1.9B736%up 5% from 2024
Business segments by year
Business segments202320242025
Residential Heating and Cooling$3.2B$3.6B$3.3B
Commercial Heating and Cooling$1.5B$1.8B$1.9B

Regions

United States brought in 93% of the revenue Lennox International broke down this way in fiscal 2025.

  1. United States$4.8B793%down 4% from 2024
  2. Canada$373.4M77%up 17% from 2024
Regions by year
Regions202320242025
United States$4.4B$5.0B$4.8B
Canada$317.4M$319.5M$373.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue66¢$3.5B
  • Research and development2¢$103.4M
  • Selling, general and admin13¢$681.4M
  • Interest1¢$40.9M
  • Income tax4¢$191.0M
  • Profit15¢$805.8M

Out of $5.2B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending15¢$118.8M
  • Dividends paid22¢$173.0M
  • Share buybacks62¢$482.3M

Out of $757.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue8910117$5.2B in 2025+36% since 2019
0$2.0B$4.0B$6.0B2019: $3.8B$3.8B20192020: $3.6B$3.6B2020−5%2021: $4.2B$4.2B2021+15%2022: $4.7B$4.7B2022+13%2023: $5.0B$5.0B2023+6%2024: $5.3B$5.3B2024+7%2025: $5.2B$5.2B2025−3%
Gross profit8910117$1.7B in 2025+61% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.1B$1.1B20192020: $1.0B$1.0B2020−4%2021: $1.2B$1.2B2021+14%2022: $1.3B$1.3B2022+8%2023: $1.5B$1.5B2023+21%2024: $1.8B$1.8B2024+15%2025: $1.7B$1.7B2025−2%
Operating income8910117$1.0B in 2025+59% since 2019
0$500.0M$1.0B$1.5B2019: $656.9M$656.9M20192020: $478.5M$478.5M2020−27%2021: $590.3M$590.3M2021+23%2022: $656.2M$656.2M2022+11%2023: $791.5M$791.5M2023+21%2024: $1.0B$1.0B2024+31%2025: $1.0B$1.0B2025+0%
Net income8910117$805.8M in 2025+97% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $408.7M$408.7M20192020: $356.3M$356.3M2020−13%2021: $464.0M$464.0M2021+30%2022: $497.1M$497.1M2022+7%2023: $591.2M$591.2M2023+19%2024: $811.1M$811.1M2024+37%2025: $805.8M$805.8M2025−1%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenues$5.2B$5.3B$5.0B
Cost of goods sold$3.5B$3.6B$3.4B
Gross profit$1.7B$1.8B$1.5B
Selling, general and administrative expenses$681.4M$730.6M$705.5M
Losses and other expenses, net$12.0M$12.9M$8.5M
Restructuring charges$6.8M$0$3.1M
Impairment charges$0$0$63.2M
(Gain) loss on sale from previous dispositions$900.0K-$1.5M$14.1M
Income from equity method investments-$6.0M-$7.9M-$8.5M
Operating income$1.0B$1.0B$791.5M
Pension settlements$400.0K$400.0K$800.0K
Interest expense, net$40.9M$38.7M$51.7M
Other expense, net$3.4M$1.9M$100.0K
Income before income taxes$996.8M$999.4M$738.9M
Provision for income taxes$191.0M$188.3M$147.7M
Net income$805.8M$811.1M$591.2M
Basic Earnings (Loss) per Share (in usd per share)$22.89$22.78$16.65
Diluted Earnings (Loss) per Share (in usd per share)$22.79$22.66$16.58
Basic (in shares)35.2M shares35.6M shares35.5M shares
Diluted (in shares)35.4M shares35.8M shares35.7M shares

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The story

Founded by Dave Lennox in 1999.1

The company was founded in 1895, in Marshalltown, Iowa, by Dave Lennox, the owner of a machine repair business for railroads. Inventors Ezra William Smith and Ernest Bryant brought their idea for a riveted steel coal-fired furnace to his machine shop to build parts for a prototype. In lieu of payment, Lennox accepted their patent, obtaining rights to the idea and founded the Lennox Furnace Co.

In 1904, DW Norris acquired the company. He managed the company until his death in 1949.

From 1964 to 1965, Lennox produced a small crawler tractor and mower called the Lennox Kitty Track 600. It featured a 6 hp (4.5 kW) Briggs & Stratton engine and a 32" mower deck.

In 1999, the company became a public company via an initial public offering.

A 2018 tornado destroyed the plant in Marshalltown, but the company would rebuild it. As of 2024, there were over 750 workers employed at that location.

Acquisitions and divestitures

In 1971, the company sold its low pressure gas cylinder business to Worthington Industries.

In 1973, Lennox acquired Heatcraft, including the Larkin, Bohn, Chandler, and Climate Control brands.

In 1998, the company acquired Pyro Industries, a manufacturer of pellet stoves.

Read the full text

In December 2010, the company acquired Kysor/Warren from The Manitowoc Company for $138 million.

In September 2023, the company sold its European commercial HVAC and refrigeration businesses to funds managed by Syntagma Capital.

In October 2023, the company acquired AES.

From Wikipedia’s article on Lennox International, shared under CC BY-SA 4.0.5

Leadership

Who has led Lennox International, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • heating, ventilation, and air conditioning

Listed on Wikidata.1

The company operates the following brands:

Home Comfort Solutions

Lennox

Armstrong Air

Ducane

Read the full text

AirEase

Concord Air

MagicPak

ADP Advanced Distributor Products

Allied Air

Healthy Climate Solutions

Lennox Stores

Building Climate Solutions

Lennox

Model L

CORE

Enlight

Xion

Energence

Prodigy

Strategos

Raider

Lennox VRF

Lennox National Account Services

Allied Commercial

Elite

AES Industries

AES Mechanical

ES Reclaim

Heatcraft Worldwide Refrigeration

Bohn

MAGNA

Larkin

Climate Control

Chandler Refrigeration

Frigua-Bohn

IntelliGen

Interlink

From Wikipedia’s article on Lennox International, shared under CC BY-SA 4.0.5

Timeline

  1. 1999Founded Founded1

Recent filings

  1. Sep 18, 20268-K
  2. Aug 10, 20264
  3. Jul 29, 20268-K
  4. Jul 29, 202610-Q
  5. May 29, 20264
  6. May 28, 20268-K
  7. May 28, 20264
  8. May 27, 2026SD
  9. May 26, 20264
  10. May 26, 20264
  11. May 26, 20264
  12. May 26, 20264
  13. May 26, 20264
  14. May 26, 20264
  15. May 26, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2