Lennox Sees Higher Revenue in 2026 While 4Q Revenue, Profit Drop

Dow Jones01-28
 

By Adriano Marchese

 

Lennox International sees higher revenue in 2026 after softness in its Home Comfort Solutions segment dragged on results in the fourth quarter.

The manufacturer of HVAC and refrigeration equipment on Wednesday said it expects revenue to rise between 6% and 7% in the 2026, representing revenue of about $5.51 billion to $5.56 billion from $5.2 billion in 2025.

Adjusted earnings per share are expected to be within the range of $23.50 to $25.00.

For 2026, analysts expect a rise to $5.6 billion, and adjusted EPS of $24.58.

For the fourth quarter, Lennox posted a decline in net income to $142.5 million, or $4.07 a share, compared with $201.9 million, or $5.64 a share, in the same quarter a year ago.

Adjusted earnings were $4.45 a share. According to FactSet, analysts were expecting $4.75 a share.

Revenue fell 11% in the quarter to $1.2 billion. Analysts expected a decline, but a more modest one to $1.27 billion.

Lennox's Home Comfort Solutions revenue declined 21% in the fourth quarter, due largely to channel destocking and continued softness in new construction sales. The company noted that broader macroeconomic uncertainty continued to temper both consumer and dealer activity which has led to an increase in deferred system replacements.

The Building Climate Solutions segment saw an 8% revenue growth due mainly to steady parts acquisition and services demand.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

January 28, 2026 07:25 ET (12:25 GMT)

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