Lennox International Inc. reported third quarter revenue of $1.4 billion, a decrease of 5% compared to the same period last year. Segment profit increased by 2% to $310 million, with a segment profit margin of 21.7%, up 150 basis points. Net income was $246 million, up from $239 million in the prior-year quarter. The revenue decline was attributed to unfavorable sales volumes, while profit improvement was driven by $118 million in mix and price benefits and a $4 million reduction in certain costs, partially offset by an $85 million decrease in sales volumes and $30 million in higher product costs. The company's updated guidance anticipates a full-year revenue decrease of approximately 1%. Free cash flow guidance stands at approximately $550 million.