Lennox International said net sales for Q1 2025 were $1,073 million, an increase of 2% compared to the same period in the prior year, while operating income decreased $11 million to $156 million. Diluted earnings per share were $3.37 compared to $3.47 in the same period of the prior year.

1. 01

   Lennox International said net sales for Q1 2025 were $1,073 million, an increase of 2% compared to the same period in the prior year, while operating income decreased $11 million to $156 million. Diluted earnings per share were $3.37 compared to $3.47 in the same period of the prior year.

2. 02

   Lennox International said gross profit margins in Q1 2025 decreased 190 basis points to 30.6% from 32.5% in the same period of the prior year. The company cited higher product costs primarily related to tariff impacts and factory inefficiencies of 270 basis points and higher freight and distribution costs of 110 basis points as factors in the decline, which were partially offset by 190 basis points from price and mix.

3. 03

   Lennox International said Home Comfort Solutions net sales increased 7% and segment profit increased $5 million. The company said Building Climate Solutions net sales decreased 6% due to lower sales volumes of 9%, which was partially offset by price and mix, and segment profit decreased $25 million.

4. 04

   The company said cash and cash equivalents as of March 31, 2025 were $217.2 million, with no outstanding borrowings under its $1.1 billion unsecured revolving credit facility and $1,098.3 million available for future borrowings. It added that senior unsecured notes of $300.0 million mature on August 1, 2025.

Key figures

Quarter ended March 31, 2025

Revenue

$1.1B

Operating income

$156M

Net income

$120M

EPS

$3.37

Gross profit

$328M

Operating cash flow

−$36M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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