Lennox International falls after lowering annual profit forecast
LII•Quarterly results
- The company reports second-quarter profit of $7.72 per share, compared with $7.71 per 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.
- Year to date, shares are up 12%.
Shares fall after forecast cut
- Shares of climate control solutions provider Lennox International LII.N slump 8% to $500 premarket.
- The company 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 with its prior estimate of $23.50 to $25 per share.
