AllAnalyst Report
logoMorningstarOctober 19, 2020

Lennox International Inc.: Lennox Raises 2020 Guidance After Strong Q3 Performance From Its Residential Business

Symbols
LII
Sector(s)
Industrials
Rating
Premium
Current Price
$289.96
Fair Value
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Economic Moat
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Stewardship
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Summary

Lennox International manufactures and distributes residential and commercial heating, ventilation, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2019 (adjusted for refrigeration divestitures), residential HVAC was 61% of sales, commercial HVAC was 25%, and refrigeration accounted for the remaining 14% of sales. The company goes to market with multiple brands, but Lennox is the company’s flagship HVAC brand. The Texas-based company generated 93% of adjusted 2019 sales in North America.

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