Lennox International falls after lowering annual profit forecast
LII•Recent stock performance
** Including session's moves, shares down 6.2% YTD
Shares slump after profit outlook cut
** Shares of climate control solutions provider Lennox International LII.N slump 17% to $452 in morning trading
** Co cuts its annual profit forecast after challenging residential market conditions weighed on its Home Comfort Solutions business in the second quarter
** LII trims 2026 profit expectations to between $23 and $24 per share, compared to prior estimate of $23.50 to $25 per share
Quarterly results show mixed performance
** Reports second-quarter profit of $7.72/share, compared with $7.71/share a year earlier
** Q2 sales in its Home Comfort Solutions segment fall 7.3% to $935.6 million from a year earlier
** Quarterly net sales rise 3% to $1.54 billion from a year-ago period
