SEC Filings
Lennox Home Margin Drops To 18.7% From 23.6% As Price Cuts And Tariff Costs Bite
Lennox's residential unit earned $40 million less on 3% higher sales while the company spent $150.0 million on buybacks and leaned on short-term debt.
Lennox International (LII) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
Lennox's residential unit earned $40 million less on 3% higher sales while the company spent $150.0 million on buybacks and leaned on short-term debt.
Markets
The HVAC maker's weaker outlook followed a sharp margin drop in home comfort, even as commercial revenue grew.
Earnings
Home Comfort segment margin fell 490 basis points while commercial HVAC revenue jumped 24%, the company said.