Analyst Consensus ?
ConsensusHold28 ratings
Bullish1035.7%
Neutral1450.0%
Bearish414.3%
1 unmapped firm rating excluded from the percentages.
Lennox International Inc. · LII · FY2026 Q1 · Calendar Q2 2026
Lennox International Q1 2026: Revenue Beats as Building Climate Solutions Grows 26%
Lennox International's Q1 FY2026 results exceeded consensus on both lines, with revenue of $1.14 billion (up 6% year-over-year) and adjusted EPS of $3.35. The Building Climate Solutions segment was the standout performer, posting 26% organic growth and margin expansion, bolstered by the Subco and DuroDyne acquisitions completed in Q4 2025. Home Comfort Solutions margins declined 130 basis points due to factory under-absorption, a headwind management expects to ease as channel destocking completes. The company raised full-year revenue guidance to approximately 8% growth and reaffirmed adjusted EPS guidance of $23.50-$25.00, citing new product launches and pricing actions to offset approximately 5% cost inflation from tariffs and commodity pressures. The stock posted a 4.5% abnormal return on the report day before drifting roughly 4% lower in subsequent sessions on 2.3x baseline volume.
Reported Before market openNYSEIndustrials
$14.53B market cap
100quality score
Company context
Snapshot as of publicationLennox International Inc. is a global manufacturer and distributor specializing in heating, ventilation, air conditioning (HVAC), and refrigeration solutions. The company operates across three divisions: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. Its Residential Heating & Cooling division supplies homeowners with systems like furnaces, air conditioners, and heat pumps, along with indoor air quality products, comfort controls, and replacement components, catering to both new construction and existing residential upgrades.…
Earnings scorecard
Reported versus consensus
Reported EPS
$3.35
Consensus $3
EPS surprise
+5.0%
Reported versus consensus
Reported revenue
$1.14B
Consensus $1.07B
Revenue surprise
+6.0%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$417.45Current
$238Low
$483.1Average
$675High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 30, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Apr 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Mar 5, 2026 |
| Morgan Stanley | Underweight | Underweight | Maintain | Feb 2, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | Jan 16, 2026 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Nov 13, 2025 |
| UBS | Neutral | Neutral | Maintain | Oct 27, 2025 |
| Mizuho | Neutral | Neutral | Maintain | Oct 17, 2025 |
| Baird | Neutral | Neutral | Maintain | Jul 17, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Jul 8, 2025 |
| Stephens & Co. | Overweight | Overweight | Maintain | Mar 7, 2025 |
| Keybanc | Overweight | Downgrade | Oct 15, 2024 | |
| TD Cowen | Buy | Buy | Maintain | Jun 21, 2024 |
| William Blair | Outperform | Market Perform | Upgrade | Jul 13, 2023 |
| Credit Suisse | Underperform | Underperform | Maintain | Oct 28, 2022 |
| Deutsche Bank | Buy | Buy | Maintain | Oct 13, 2022 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Jul 8, 2022 |
| Vertical Research | Sell | Hold | Downgrade | Jun 1, 2021 |
| Seaport Global | Neutral | Buy | Downgrade | Jul 21, 2020 |
| Buckingham Research | Neutral | Neutral | Maintain | Oct 8, 2019 |
| Buckingham | Neutral | Neutral | Maintain | Oct 8, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Apr 24, 2018 |
| Stifel | Hold | Hold | Maintain | Apr 24, 2018 |
| Susquehanna | Neutral | Positive | Downgrade | Aug 15, 2016 |
| Longbow Research | Neutral | Buy | Downgrade | Nov 19, 2015 |
| Nomura | Neutral | Buy | Downgrade | Apr 21, 2015 |
| MKM Partners | Buy | Neutral | Upgrade | Apr 22, 2014 |
| Global Hunter Securities | Buy | Accumulate | Maintain | Jul 23, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $417.45. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Deane Dray | $469 | $417.4 | +12.3% | Jul 30, 2026 |
| Oppenheimer | Noah Kaye | $650 | $544.11 | +55.7% | Apr 30, 2026 |
| Robert W. Baird | Analyst unavailable | $550 | $517.62 | +31.8% | Apr 30, 2026 |
| Vertical Research | Analyst unavailable | $600 | $517.62 | +43.7% | Apr 30, 2026 |
| Barclays | Analyst unavailable | $597 | $517.62 | +43.0% | Apr 30, 2026 |
| BNP Paribas | Analyst unavailable | $535 | $517.88 | +28.2% | Apr 14, 2026 |
| Morgan Stanley | Analyst unavailable | $450 | $495.08 | +7.8% | Feb 1, 2026 |
| Goldman Sachs | Analyst unavailable | $592 | $495.08 | +41.8% | Jan 31, 2026 |
| RBC Capital | Deane Dray | $534 | $490.76 | +27.9% | Jan 29, 2026 |
| Oppenheimer | Analyst unavailable | $630 | $482.84 | +50.9% | Jan 29, 2026 |
| Robert W. Baird | Analyst unavailable | $572 | $487.49 | +37.0% | Jan 29, 2026 |
| Mizuho Securities | Analyst unavailable | $525 | $487.49 | +25.8% | Jan 29, 2026 |
| RBC Capital | Deane Dray | $563 | $520.04 | +34.9% | Jan 15, 2026 |
| Barclays | Julian Mitchell | $667 | $519.85 | +59.8% | Jan 7, 2026 |
| UBS | Analyst unavailable | $530 | $503.89 | +27.0% | Jan 5, 2026 |
| Barclays | Julian Mitchell | $680 | $505.78 | +62.9% | Dec 11, 2025 |
| Wells Fargo | Joseph O'Dea | $525 | $500.01 | +25.8% | Dec 4, 2025 |
| UBS | Damian Karas | $560 | $506.75 | +34.1% | Oct 27, 2025 |
| Northcoast Research | Aaron Reed | $525 | $501.17 | +25.8% | Oct 27, 2025 |
| RBC Capital | Analyst unavailable | $555 | $498.17 | +33.0% | Oct 23, 2025 |
| Wells Fargo | Joseph O'Dea | $545 | $493.07 | +30.6% | Oct 23, 2025 |
| Morgan Stanley | Christopher Snyder | $475 | $497.73 | +13.8% | Oct 23, 2025 |
| Barclays | Analyst unavailable | $700 | $493.07 | +67.7% | Oct 23, 2025 |
| Mizuho Securities | Analyst unavailable | $565 | $523.94 | +35.3% | Oct 17, 2025 |
| Wells Fargo | Joseph O'Dea | $575 | $550.63 | +37.7% | Oct 6, 2025 |
| UBS | Damian Karas | $676 | $653.51 | +61.9% | Jul 28, 2025 |
| Oppenheimer | Noah Kaye | $600 | $509.14 | +43.7% | Apr 24, 2025 |
| Wells Fargo | Joseph O'Dea | $580 | $582.93 | +38.9% | Feb 3, 2025 |
| Mizuho Securities | Brett Linzey | $675 | $609.74 | +61.7% | Oct 24, 2024 |
| RBC Capital | Deane Dray | $619 | $609.74 | +48.3% | Oct 24, 2024 |
| Barclays | Julian Mitchell | $624 | $609.74 | +49.5% | Oct 24, 2024 |
| KeyBanc | Jeffrey Hammond | $600 | $606.64 | +43.7% | Oct 15, 2024 |
| Robert W. Baird | Timothy Wojs | $648 | $604.04 | +55.2% | Oct 14, 2024 |
| Robert W. Baird | Timothy Wojs | $610 | $557.19 | +46.1% | Jul 15, 2024 |
| Wells Fargo | Joseph O'Dea | $570 | $535.61 | +36.5% | Jul 9, 2024 |
| Wells Fargo | Joseph O'Dea | $520 | $467.85 | +24.6% | Apr 25, 2024 |
| RBC Capital | Deane Dray | $510 | $467.85 | +22.2% | Apr 25, 2024 |
| KeyBanc | Jeffrey Hammond | $515 | $467.93 | +23.4% | Apr 10, 2024 |
| RBC Capital | Deane Dray | $481 | $465.99 | +15.2% | Apr 4, 2024 |
| Mizuho Securities | Brett Linzey | $460 | $377.3 | +10.2% | Oct 16, 2023 |
| RBC Capital | Deane Dray | $391 | $357.42 | -6.3% | Aug 17, 2023 |
| Wells Fargo | Analyst unavailable | $300 | $260.76 | -28.1% | Feb 1, 2023 |
| Morgan Stanley | Analyst unavailable | $258 | $241.69 | -38.2% | Jan 6, 2023 |
| Wells Fargo | Analyst unavailable | $294 | $235.91 | -29.6% | Jan 5, 2023 |
| UBS | Damian Karas | $265 | $246.48 | -36.5% | Dec 15, 2022 |
| Morgan Stanley | Analyst unavailable | $279 | $248.64 | -33.2% | Dec 15, 2022 |
| Barclays | Analyst unavailable | $228 | $220.52 | -45.4% | Oct 3, 2022 |
| Morgan Stanley | Analyst unavailable | $268 | $243.88 | -35.8% | Sep 1, 2022 |
| Morgan Stanley | Analyst unavailable | $255 | $243.99 | -38.9% | Aug 1, 2022 |
| Wells Fargo | Analyst unavailable | $249 | $239.53 | -40.4% | Aug 1, 2022 |
| Mizuho Securities | Analyst unavailable | $210 | $213.59 | -49.7% | Jul 18, 2022 |
| Morgan Stanley | Analyst unavailable | $222 | $217.46 | -46.8% | Jul 15, 2022 |
| Deutsche Bank | Analyst unavailable | $292 | $216.92 | -30.1% | Jul 13, 2022 |
| Barclays | Analyst unavailable | $230 | $219.62 | -44.9% | Jul 8, 2022 |
| Wells Fargo | Analyst unavailable | $231 | $202.46 | -44.7% | Jun 29, 2022 |
| Goldman Sachs | Analyst unavailable | $190 | $188.29 | -54.5% | Jun 23, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $238 | $211.56 | -43.0% | Jun 7, 2022 |
| Barclays | Analyst unavailable | $240 | $202.49 | -42.5% | May 24, 2022 |
| Mizuho Securities | Analyst unavailable | $225 | $227.32 | -46.1% | Apr 26, 2022 |
| Stephens | Analyst unavailable | $275 | $227.72 | -34.1% | Apr 26, 2022 |
| Barclays | Analyst unavailable | $260 | $235.11 | -37.7% | Apr 26, 2022 |
| Credit Suisse | Analyst unavailable | $242 | $238.94 | -42.0% | Apr 26, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $254 | $226.75 | -39.2% | Apr 26, 2022 |
| Barclays | Julian Mitchell | $300 | $262.16 | -28.1% | Apr 5, 2022 |
| Deutsche Bank | Nicole DeBlase | $393 | $324.93 | -5.9% | Dec 16, 2021 |
| Goldman Sachs | Joe Ritchie | $310 | $300.86 | -25.7% | Oct 26, 2021 |
| Wolfe Research | Nigel Coe | $302 | $339.45 | -27.7% | Jul 12, 2021 |
| Vertical Research | Jeffrey Sprague | $300 | $344.9 | -28.1% | Jun 1, 2021 |
Track every rating change on LII the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
+4.5%
Event window
SPY move
-0.0%
Same window
Abnormal move
+4.5%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-4.0%
Up to 20 sessions
LIISPY benchmark
Follow LII with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeTranscript intelligence
What changed
Compared to Q4 2025, where revenue declined 3% and guidance was maintained, Q1 FY2026 returned to growth with 6% revenue expansion and a raised revenue outlook. The Building Climate Solutions segment accelerated to 26% organic growth, while Home Comfort Solutions shifted from record full-year margins above 20% to a 130 bps margin decline on under-absorption. Management tone remained confident, but the bullish score edged down from 78 to 72 as analysts questioned the timing of cost recovery and the depth of residential demand weakness. Channel destocking, described as near completion in Q4, is now largely done, with two-step destocking expected to finish by Q2.
Guidance delta
Revenue guidance raised from 6-7% growth to approximately 8% growth. Adjusted EPS guidance reaffirmed at $23.50-$25.00. Capital expenditure plan remains at $250 million for 2026, directed at innovation, digital capabilities, ERP modernization, and AI initiatives. The guidance sentiment improved from maintained (Q4 2025) to raised (Q1 FY2026).
Key takeaways
- Revenue of $1.14 billion beat consensus by approximately 6%, while adjusted EPS of $3.35 topped estimates by 5%.
- Building Climate Solutions delivered 26% organic sales growth and margin expansion, driven by Subco and DuroDyne acquisition integration.
- Home Comfort Solutions segment margin fell 130 bps due to factory under-absorption, with recovery expected as channel destocking completes.
- Full-year revenue guidance raised to approximately 8% growth; EPS guidance reaffirmed at $23.50-$25.00.
- Cost inflation of approximately 5% expected from Section 232 tariffs and commodity pressures; FIFO accounting defers tariff impact to Q3.
- AI initiatives being applied to pricing, demand planning, and productivity to offset cost pressures.
Management priorities
- Roll out additional heat pump and compact air-handler models, including the Stratagos rooftop heat pump and cold-climate heat pumps.
- Execute $250 million capex plan targeting innovation, digital capabilities, ERP modernization, and AI tools.
- Continue bolt-on M&A to enhance product portfolio and expand addressable market.
- Expand emergency replacement inventory across the U.S. and grow national-account relationships.
- Integrate recent acquisitions (Subco, DuroDyne) and joint-venture products (Ariston water heaters, Samsung ductless).
- Implement pricing actions to offset approximately 5% cost inflation from tariffs and commodity pressures.
Related earnings events
IndustrialsROL · FY2026 Q2 · Calendar Q3 2026Rollins Q2 2026: Revenue Misses as Digital Lead Slowdown Hits OrkinLUV · FY2026 Q2 · Calendar Q3 2026Southwest Airlines Q2 2026: EPS Beats by 84%, Unit Revenue Up 20%, Guidance Cut on FuelDOV · FY2026 Q2 · Calendar Q3 2026Dover Raises EPS Guidance but Shares Fall 8% on Revenue Miss and Refrigeration Issues
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-31T04:05:14.545313+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T04:05:14.542643+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.