Lennox International Inc. (LII)

Lennox International's stock has shown an upward trend of 0.70% over the past six months, but experienced a decline of 16.18% between September 26, 2024, and September 25, 2025. Recent financial reports indicate strong performance, with core revenue growing by 22% in Q4 2024 and 13% for the full year 2024, reaching $5.3 billion. In August 2024, Lennox acquired NSI Industries' HVAC division for US$550 million. In September 2024, the company advanced digital transformation with new AI tools. On October 6, 2025, Wells Fargo upgraded LII's stock rating from Underweight to Equal-Weight, though the price target was lowered from $675.00 to $575.00.

Demand for Lennox International's products exhibits seasonality, and the company balances production of heating and cooling products to maintain a stable workforce. The residential HVAC market is driven by replacement needs and new construction. The first fiscal quarter is typically a smaller seasonal quarter for cooling products. The company also experienced a "pre-buy effect" in 2024 due to upcoming refrigerant transitions, which is expected to create challenging year-over-year comparisons and a slowdown in core revenue growth for 2025.

Lennox International, Inc. operates in the Industrials sector, focusing on Building Products & Equipment, Electrical Equipment, and Consumer Packaged Goods. The company designs, manufactures, and markets a range of products for residential and commercial HVACR markets, including heat pumps, furnaces, air conditioners, and indoor air quality equipment. Key brands include Lennox, Armstrong Air, Bohn, and others. They also provide refrigeration products for commercial markets.

Lennox International is headquartered in Richardson, Texas, and has facilities across the United States, Canada, India, Germany, France, and Spain. The company divested its European commercial HVAC and refrigeration businesses in late 2023, focusing on North America. Its largest production facilities are located in Saltillo, Mexico, Marshalltown, Iowa, and Orangeburg, South Carolina.

Lennox International has received positive recognition for its workplace culture and manufacturing excellence. Lennox was named to U.S. News & World Report's "Best Companies to Work For" list, with a distinction for "Best in Manufacturing". The Lennox India Technology Centre earned its third consecutive "Great Place to Work" certification.

Institutional investors hold a significant portion of Lennox International's stock, with ownership ranging from 50% to 78%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Capital International Investors. Individual investors hold approximately 9.29% of the shares. Insiders hold a smaller percentage, around 0.48% to 9.32%.