Lennox Profit Falls, Hurt by Higher Costs, Slow New Home Construction

Dow Jones

04/29

By Nicholas G. Miller

Lennox reported lower first-quarter profit as higher costs and slow new home construction helped to offset growth in the company's commercial business.

The company posted net income of $117 million, or $3.35 a share, down from $130 million, or $3.63 a share, the year prior. Analysts polled by FactSet expected $3.15 a share.

Revenue increased 6% to $1.14 billion amid 38% revenue growth in the company's building climate solutions segment and a 10% decline in its home comfort segment. Wall Street expected $1.07 billion.

The company's home comfort business has been hurt by weak new home construction, while building climate solutions--which serves markets including retail establishments, restaurants and schools--is experiencing a boost from strong emergency replacement activity and new national account wins.

The company raised its full-year revenue guidance to about 8%, up from its previous forecast of 6% to 7%. It reiterated its adjusted earnings guidance of $23.50 to $25 a share. Analysts see adjusted earnings of $24.12 a share.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

April 29, 2026 07:53 ET (11:53 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Lennox reported lower first-quarter profit as higher costs and slow new home construction helped to offset growth in the company's commercial business. \n</p>\n<p>\n  The company posted net income of $117 million, or $3.35 a share, down from $130 million, or $3.63 a share, the year prior. Analysts polled by FactSet expected $3.15 a share. \n</p>\n<p>\n  Revenue increased 6% to $1.14 billion amid 38% revenue growth in the company's building climate solutions segment and a 10% decline in its home comfort segment. Wall Street expected $1.07 billion. \n</p>\n<p>\n  The company's home comfort business has been hurt by weak new home construction, while building climate solutions--which serves markets including retail establishments, restaurants and schools--is experiencing a boost from strong emergency replacement activity and new national account wins. \n</p>\n<p>\n  The company raised its full-year revenue guidance to about 8%, up from its previous forecast of 6% to 7%. It reiterated its adjusted earnings guidance of $23.50 to $25 a share. Analysts see adjusted earnings of $24.12 a share. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2026 07:53 ET (11:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4086","symbol_name":"建築產品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2631516351","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2631516351","pubTimestamp":1777463580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lennox reported lower first-quarter profit as higher costs and slow new home construction helped to offset growth in the company's commercial business.The company posted net income of $117 million, or $3.35 a share, down from $130 million, or $3.63 a share, the year prior. 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","LII":"雷诺士","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"由于成本上升和新房建设放缓，伦诺克斯利润下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LII":1.5,"NWHM":1.5,"CFA.SI":0.64},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Lennox reported lower first-quarter profit as higher costs and slow new home construction helped to offset growth in the company's commercial business. \n\n\n  The company posted net income of $117 million, or $3.35 a share, down from $130 million, or $3.63 a share, the year prior. Analysts polled by FactSet expected $3.15 a share. \n\n\n  Revenue increased 6% to $1.14 billion amid 38% revenue growth in the company's building climate solutions segment and a 10% decline in its home comfort segment. 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