Lennox falls after cutting 2026 profit forecast
LII•Lennox cut its 2026 adjusted profit forecast to $21-$21.50 per share from $23-$24, citing competitive pressures and persistent cost inflation. Third-quarter adjusted profit was $6.84 per share, below the $7.36 analyst estimate, while sales of $1.57 billion missed the $1.58 billion estimate.
1. Forecast cut
Lennox lowered its 2026 adjusted profit forecast to $21-$21.50 per share from its prior range of $23-$24, as competitive pressures and persistent cost inflation weighed on margins.
2. Quarterly results
The company reported third-quarter adjusted profit of $6.84 per share, compared with the $7.36 average analyst estimate. Net sales were $1.57 billion, below the $1.58 billion estimate. Lennox shares fell about 7% to $346.46 in premarket trading; the stock was down 23.4% year to date as of the prior close.
