Lennox International Inc (LII) financial statements: income statement, balance sheet and cash flow
Lennox International Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Lennox International Inc reported revenue of $5.2B (-2.7% year on year) and net income of $805.8M (-0.1% year on year).
Income statement
Lennox International Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$5.2B
$5.3B
$5.0B
$4.7B
Cost of goods sold
$3.5B
$3.6B
$3.4B
$3.4B
Gross profit
$1.7B
$1.8B
$1.5B
$1.3B
Selling, general and administrative expenses
$681.4M
$730.6M
$705.5M
$627.2M
Losses and other expenses, net
$12.0M
$12.9M
$8.5M
$4.9M
Restructuring charges
$6.8M
$0
$3.1M
$1.5M
Impairment charges
$0
$0
$63.2M
—
(Gain) loss on sale from previous dispositions
$900.0K
($1.5M)
$14.1M
—
Income from equity method investments
($6.0M)
($7.9M)
($8.5M)
($5.1M)
Operating income
$1.0B
$1.0B
$790.1M
$656.2M
Pension settlements
$400.0K
$400.0K
$800.0K
($200.0K)
Interest expense, net
$40.9M
$38.7M
$51.7M
$38.7M
Other expense, net
$3.4M
$1.9M
$100.0K
$1.9M
Income before income taxes
$996.8M
$993.8M
$737.5M
$615.8M
Provision for income taxes
$191.0M
$186.9M
$147.4M
$118.7M
Net income
$805.8M
$806.9M
$590.1M
$497.1M
Basic Earnings (Loss) per Share (in usd per share)
$22.89
$22.67
$16.61
$13.92
Diluted Earnings (Loss) per Share (in usd per share)
$22.79
$22.54
$16.54
$13.88
Basic (in shares)
35.2M
35.6M
35.5M
35.7M
Diluted (in shares)
35.4M
35.8M
35.7M
35.8M
Lennox International Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$1.5B
$1.1B
$1.4B
$1.5B
Cost of goods sold
$1.0B
$783.8M
$958.2M
$978.4M
Gross profit
$539.5M
$351.3M
$468.6M
$522.5M
Selling, general and administrative expenses
$183.1M
$185.2M
$161.6M
$173.3M
Losses (gains) and other expenses, net
$2.4M
$2.2M
($700.0K)
($2.7M)
Restructuring charges
$0
$0
$0
$0
Income from equity method investments
($1.0M)
$400.0K
($2.5M)
($2.1M)
Operating income
$355.0M
$163.5M
$310.2M
$354.0M
Pension settlements
$100.0K
$500.0K
$100.0K
$100.0K
Interest expense, net
$14.7M
$15.2M
$10.5M
$8.3M
Other expense, net
$600.0K
$900.0K
$800.0K
$600.0K
Net income before income taxes
$339.6M
$146.9M
$298.8M
$345.0M
Provision for income taxes
$70.6M
$29.7M
$53.0M
$67.4M
Net income
$269.0M
$117.2M
$245.8M
$277.6M
Earnings per share - Basic (in dollars per share)
$7.75
$3.37
$7.01
$7.86
Earnings per share - Diluted (in dollars per share)
$7.72
$3.35
$6.98
$7.82
Weighted average number of shares outstanding, basic (in shares)
34.7M
34.8M
35.1M
35.3M
Weighted average number of shares outstanding, diluted (in shares)
34.8M
35.0M
35.2M
35.5M
Balance sheet
Lennox International Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$34.2M
$415.1M
$60.7M
$52.6M
Short-term investments
$500.0K
$7.2M
$8.4M
$8.5M
Accounts and notes receivable, net of allowances
$578.8M
$661.1M
$594.6M
$608.5M
Inventories, net
$1.2B
$704.8M
$699.1M
$753.0M
Other current assets
$137.7M
$96.0M
$70.7M
$73.9M
Total current assets
$1.9B
$1.9B
$1.4B
$1.5B
Restricted cash equivalents
$18.5M
—
—
—
Total property, plant and equipment, net
$887.2M
$800.1M
$720.4M
$548.9M
Right-of-use assets from operating leases
$356.3M
$327.2M
$213.6M
$219.9M
Goodwill
$497.2M
$220.0M
$222.1M
$186.3M
Intangible assets, net, net of accumulated amortization of $38.3 and $30.7 in 2025 and 2024, respectively
$273.0M
—
—
—
Deferred income taxes
$12.9M
$75.1M
$51.8M
$27.5M
Other assets, net
$132.9M
$165.2M
$156.9M
$88.5M
Total assets
$4.1B
$3.5B
$2.8B
$2.6B
Commercial paper
$226.0M
$0
$150.0M
—
Current maturities of long-term debt
$18.3M
$314.5M
$12.1M
$710.6M
Current operating lease liabilities
$88.9M
$73.4M
$57.5M
$63.3M
Accounts payable
$438.0M
$490.0M
$374.7M
$427.3M
Accrued expenses
$374.2M
$435.4M
$416.1M
$376.9M
Income taxes payable
$46.4M
$0
$4.2M
$17.6M
Total current liabilities
$1.2B
$1.3B
$1.0B
$1.6B
Long-term debt
$1.1B
$833.1M
$1.1B
$814.2M
Long-term operating lease liabilities
$293.4M
$267.6M
$164.6M
$161.8M
Pensions
$18.7M
$18.9M
$22.5M
$40.1M
Other liabilities
$270.7M
$188.7M
$168.2M
$158.9M
Total liabilities
$2.9B
$2.6B
$2.5B
$2.8B
Preferred stock
$0
$0
$0
$0
Common stock
$900.0K
$900.0K
$900.0K
$900.0K
Additional paid-in capital
$1.2B
$1.2B
$1.2B
$1.2B
Retained earnings
$4.9B
$4.2B
$3.5B
$3.1B
Accumulated other comprehensive loss
($48.5M)
($93.7M)
($56.9M)
($90.6M)
Treasury stock, at cost
($4.9B)
($4.4B)
($4.3B)
($4.3B)
Total stockholders' equity
$1.2B
$850.2M
$285.3M
($203.1M)
Total liabilities and stockholders' equity
$4.1B
$3.5B
$2.8B
$2.6B
Lennox International Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$51.5M
$48.2M
$52.9M
$49.2M
Short-term investments
$600.0K
$2.0M
$6.3M
$5.9M
Accounts and notes receivable, net of allowances of $7.9 and $8.5 in 2026 and 2025, respectively
$918.1M
$647.9M
$758.6M
$868.2M
Inventories, net
$1.2B
$1.2B
$991.5M
$1.0B
Other current assets
$135.2M
$124.3M
$88.7M
$78.3M
Total current assets
$2.3B
$2.0B
$1.9B
$2.0B
Restricted cash equivalents
$18.8M
$19.0M
—
—
Property, plant and equipment, net of accumulated depreciation of $1,088.0 and $1,043.9 in 2026 and 2025, respectively
$934.2M
$917.6M
$847.5M
$825.6M
Right-of-use assets from operating leases
$412.7M
$404.4M
$339.0M
$346.4M
Goodwill
$503.7M
$503.7M
$220.0M
$220.0M
Intangible assets, net of accumulated amortization of $46.7 and $38.3 in 2026 and 2025, respectively
$265.8M
$269.7M
—
—
Deferred income taxes
$12.4M
$12.6M
$49.3M
$81.4M
Other assets, net
$139.6M
$133.6M
$170.8M
$175.8M
Total assets
$4.5B
$4.3B
$3.5B
$3.7B
Accounts payable
$523.5M
$464.6M
$478.2M
$582.7M
Accrued expenses
$373.4M
$301.5M
$398.9M
$384.8M
Income taxes payable
$22.6M
$63.4M
—
$26.5M
Commercial paper
$412.0M
$361.0M
$157.0M
$29.0M
Current maturities of long-term debt
$20.1M
$18.2M
$16.9M
$316.4M
Current operating lease liabilities
$87.2M
$83.8M
$78.8M
$78.5M
Total current liabilities
$1.4B
$1.3B
$1.1B
$1.4B
Long-term debt
$1.1B
$1.1B
$838.2M
$835.7M
Long-term operating lease liabilities
$356.2M
$347.8M
$279.2M
$286.2M
Pensions
$20.1M
$19.4M
$16.0M
$20.5M
Other liabilities
$283.5M
$275.0M
$191.3M
$191.9M
Total liabilities
$3.2B
$3.1B
$2.5B
$2.8B
Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued or outstanding
0
0
0
0
Common stock, $0.01 par value, 200,000,000 shares authorized, 87,170,197 shares issued
900.0K
900.0K
900.0K
900.0K
Additional paid-in capital
$1.3B
$1.2B
$1.2B
$1.2B
Retained earnings
$5.2B
$5.0B
$4.7B
$4.5B
Accumulated other comprehensive loss
($58.6M)
($48.0M)
($62.0M)
($61.4M)
Treasury stock, at cost, 52,611,203 shares and 52,374,147 shares for 2026 and 2025, respectively
5.1B
5.0B
4.8B
4.7B
Total stockholders' equity
$1.3B
$1.2B
$1.1B
$900.5M
Total liabilities and stockholders' equity
$4.5B
$4.3B
$3.5B
$3.7B
Cash flow statement
Lennox International Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$805.8M
$806.9M
$590.1M
$497.1M
Loss (gain) on sale from previous dispositions
($900.0K)
$1.5M
($14.1M)
—
Impairment on net assets held for sale
$0
$0
$63.2M
—
Income from equity method investments
($6.0M)
($7.9M)
($8.5M)
($5.1M)
Dividends from affiliates
$6.6M
$3.0M
$500.0K
$1.7M
Restructuring charges, net of cash paid
$3.3M
$0
$2.6M
$1.0M
Provision for credit (gains) losses
($1.9M)
$8.0M
$9.8M
$6.9M
Unrealized losses (gains), net on derivative contracts
$4.8M
($2.3M)
$6.0M
$1.7M
Stock-based compensation expense
$29.1M
$28.5M
$30.1M
$21.8M
Depreciation and amortization
$112.5M
$95.1M
$86.0M
$77.9M
Deferred income taxes
$20.2M
($24.5M)
($26.0M)
($15.2M)
Pension expense
$4.3M
$4.2M
$3.2M
$6.0M
Pension contributions
($8.0M)
($9.3M)
($15.0M)
($22.5M)
Other items, net
$0
$0
($500.0K)
($1.1M)
Accounts and notes receivable
$108.9M
($80.4M)
($32.7M)
($112.4M)
Inventories
($228.2M)
($10.1M)
$11.1M
($249.3M)
Other current assets
($27.8M)
($8.3M)
$7.1M
($7.3M)
Accounts payable
($74.2M)
$115.0M
($29.2M)
$28.2M
Accrued expenses
($69.5M)
$30.4M
$65.0M
$13.7M
Income taxes payable and receivable, net
$58.6M
($21.9M)
($24.1M)
$56.4M
Leases, net
$12.1M
$5.5M
$3.1M
$1.7M
Other, net
$7.9M
$12.3M
$8.5M
$1.1M
Net cash provided by operating activities
$757.6M
$945.7M
$736.2M
$302.3M
Proceeds from the disposal of property, plant and equipment
$1.4M
$2.5M
$2.1M
$1.6M
Purchases of property, plant and equipment
($118.8M)
($163.6M)
($250.2M)
($101.1M)
Acquisitions, net of cash
($545.0M)
$1.8M
—
—
Net proceeds from previous disposition
$0
($7.7M)
$23.2M
—
Proceeds from (purchases of) investments and other
$6.8M
($7.4M)
$100.0K
—
Net cash used in investing activities
($655.6M)
($174.4M)
($319.7M)
($103.0M)
Commercial paper borrowings
$1.4B
$424.1M
$150.0M
—
Commercial paper payments
($1.1B)
($574.1M)
—
—
Borrowings from debt arrangements
$300.0M
$156.7M
$190.0M
$407.0M
Payments on debt arrangements
($18.9M)
($194.3M)
($540.0M)
($307.0M)
Issuance of senior unsecured notes
$0
$0
$500.0M
—
Payment of senior unsecured notes
($300.0M)
—
—
—
Proceeds from Long-term Lines of Credit
$200.0M
—
$1.7B
$2.5B
Repayments of Long-Term Lines of Credit
($200.0M)
—
($1.9B)
($2.4B)
Payments of deferred financing costs
($2.3M)
$0
($5.4M)
$0
Proceeds from employee stock purchases
$4.0M
$4.5M
$3.9M
$3.6M
Repurchases of common stock
($482.3M)
($53.6M)
$0
($300.0M)
Repurchases of common stock to satisfy employee withholding tax obligations
($19.2M)
($21.6M)
($14.9M)
($8.3M)
Cash dividends paid
($173.0M)
($160.3M)
($153.4M)
($142.0M)
Net cash used in financing activities
($465.7M)
($418.6M)
($406.2M)
($174.1M)
(Decrease) increase in cash, cash equivalents and restricted cash equivalents
($363.7M)
$352.7M
$10.3M
$25.2M
Effect of exchange rates on cash, cash equivalents and restricted cash equivalents
$1.3M
$1.7M
($2.2M)
($3.6M)
Lennox International Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$386.2M
$117.2M
$643.7M
$397.9M
Income from equity method investments
($600.0K)
$400.0K
($5.8M)
($3.3M)
Provision for credit losses
$2.5M
$2.1M
($1.8M)
$800.0K
Unrealized losses (gains), net on derivative contracts
$3.7M
$2.1M
$2.3M
($300.0K)
Stock-based compensation expense
$12.1M
$6.3M
$20.8M
$14.5M
Depreciation and amortization
$61.8M
$29.2M
$79.4M
$52.4M
Deferred income taxes
$7.3M
$3.3M
$22.2M
($10.7M)
Pension expense
$2.0M
$1.0M
$3.2M
$2.1M
Pension contributions
($500.0K)
($300.0K)
($6.1M)
($600.0K)
Accounts and notes receivable
($345.2M)
($73.6M)
($94.7M)
($205.9M)
Inventories
($7.0M)
($62.6M)
($284.2M)
($293.0M)
Other current assets
($7.8M)
$13.7M
($7.0M)
$4.4M
Accounts payable
$93.5M
$31.0M
($16.7M)
$88.2M
Accrued expenses
($5.0M)
($74.3M)
($37.3M)
($52.7M)
Income taxes payable and receivable, net
($20.4M)
$18.8M
$27.7M
$55.2M
Leases, net
$4.8M
$1.3M
$5.2M
$4.4M
Other, net
$700.0K
$500.0K
($5.7M)
($2.4M)
Net cash provided by operating activities
$188.1M
$16.1M
$351.7M
$51.0M
Proceeds from the disposal of property, plant and equipment
$1.4M
$700.0K
$1.1M
$900.0K
Purchases of property, plant and equipment
($91.2M)
($55.5M)
($89.6M)
($54.0M)
Acquisitions, net of cash
($200.0K)
($200.0K)
$0
$0
(Purchases of) proceeds from investments and other
($100.0K)
($1.6M)
$900.0K
$1.5M
Net cash used in investing activities
($90.1M)
($56.6M)
($87.6M)
($51.6M)
Commercial paper borrowings
$910.0M
$434.1M
$677.1M
$141.1M
Commercial paper payments
($724.0M)
($299.1M)
($520.1M)
($112.1M)
Payments on debt arrangements
($11.5M)
($5.3M)
($14.2M)
($9.2M)
Payments of deferred financing costs
$0
—
($1.7M)
($1.7M)
Proceeds from employee stock purchases
2.6M
2.6M
4.0M
2.6M
Repurchases of common stock
($151.3M)
($19.5M)
($331.8M)
($294.8M)
Repurchases of common stock to satisfy employee withholding tax obligations
($11.4M)
($10.5M)
($13.3M)
($12.4M)
Cash dividends paid
($90.5M)
($45.2M)
($127.4M)
($81.7M)
Net cash used in financing activities
($76.1M)
$57.1M
($627.4M)
($368.2M)
Increase (decrease) in cash, cash equivalents and restricted cash
$21.9M
$16.6M
($363.3M)
($368.8M)
Effect of exchange rates on cash, cash equivalents and restricted cash equivalents
($4.3M)
($2.1M)
$1.1M
$2.9M
Cash, cash equivalents and restricted cash, beginning of period
$52.7M
$52.7M
$415.1M
$415.1M
Cash, cash equivalents and restricted cash, end of period