Lennox International Inc. (LII)

In the past six months, Lennox International's stock has experienced several notable events. On April 23, 2025, LII shares declined by 9% following the release of its Q1 earnings. The stock has underperformed sector benchmarks, declining 3.9% over the past three months and 7.3% year-to-date as of June 26, 2025. Positive developments include Lennox increasing its quarterly dividend and stock repurchase authorization on May 22, 2025. Additionally, on May 27, 2025, Lennox and Ariston Group announced a joint venture to launch water heaters in North America, and Tracy Embree was appointed to the Board of Directors. Recent insider selling has been observed.

Demand for Lennox International's products and services is highly seasonal and significantly influenced by weather conditions. Warmer summers increase demand for air conditioning and refrigeration, while colder winters boost demand for heating products. The HVAC market experiences higher shipping volumes in June, approximately twice that of December. Economic and demographic factors also influence demand.

Lennox International designs, manufactures, and markets a comprehensive range of products for both residential and commercial applications, including heat pumps, furnaces, air conditioners, and refrigeration products. Key brands include Lennox, Armstrong Air, Bohn, and others.

Lennox International maintains manufacturing facilities and offices in the United States, India, Canada, Germany, France, and Spain, with its headquarters in Richardson, Texas. The company divested its European commercial HVAC and refrigeration businesses in the fourth quarter of 2023 to focus primarily on the North American market.

Lennox International has maintained a strong brand reputation in the past year, marked by recognition for innovation, trustworthiness, and cutting-edge technology. In 2024, Lennox was named to the Wall Street Journal's list of Best-Managed Companies for the second consecutive year. The company introduced low global warming potential (GWP) products and received three gold Dealer Design Awards. Lennox strengthened its portfolio through a joint venture with Samsung and the EL297V gas furnace received a GOOD DESIGN® Award.

Lennox International Inc. has a diverse ownership structure, with institutional investors holding a significant portion of the shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Capital International Investors. Significant individual owners include John W. Norris Jr., John W. Norris III, and others. Institutional shareholders own approximately 73.77% of Lennox International, while insiders hold about 110.73% and retail investors hold a smaller percentage.