Lennox Profit Falls, Hurt by Higher Costs, Slow New Home Construction

Dow Jones04-29

By Nicholas G. Miller

Lennox reported lower first-quarter profit as higher costs and slow new home construction helped to offset growth in the company's commercial business.

The company posted net income of $117 million, or $3.35 a share, down from $130 million, or $3.63 a share, the year prior. Analysts polled by FactSet expected $3.15 a share.

Revenue increased 6% to $1.14 billion amid 38% revenue growth in the company's building climate solutions segment and a 10% decline in its home comfort segment. Wall Street expected $1.07 billion.

The company's home comfort business has been hurt by weak new home construction, while building climate solutions--which serves markets including retail establishments, restaurants and schools--is experiencing a boost from strong emergency replacement activity and new national account wins.

The company raised its full-year revenue guidance to about 8%, up from its previous forecast of 6% to 7%. It reiterated its adjusted earnings guidance of $23.50 to $25 a share. Analysts see adjusted earnings of $24.12 a share.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

April 29, 2026 07:53 ET (11:53 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Lennox reported lower first-quarter profit as higher costs and slow new home construction helped to offset growth in the company's commercial business. \n</p>\n<p>\n  The company posted net income of $117 million, or $3.35 a share, down from $130 million, or $3.63 a share, the year prior. Analysts polled by FactSet expected $3.15 a share. \n</p>\n<p>\n  Revenue increased 6% to $1.14 billion amid 38% revenue growth in the company's building climate solutions segment and a 10% decline in its home comfort segment. 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","LII":"雷诺士","BK4086":"建筑产品","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"由于成本上升和新房建设放缓，伦诺克斯利润下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LII":1.5,"NWHM":1.5,"CFA.SI":0.64},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Lennox reported lower first-quarter profit as higher costs and slow new home construction helped to offset growth in the company's commercial business. \n\n\n  The company posted net income of $117 million, or $3.35 a share, down from $130 million, or $3.63 a share, the year prior. Analysts polled by FactSet expected $3.15 a share. \n\n\n  Revenue increased 6% to $1.14 billion amid 38% revenue growth in the company's building climate solutions segment and a 10% decline in its home comfort segment. 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