8/108 sources · 5 publishersUpdated Oct 28, 12:31 UTC
Lennox posts 10% revenue growth but cuts FY2026 adjusted EPS outlook
Lennox International reported third‑quarter 2026 revenue of $1.6 billion, up 10% year‑over‑year. Adjusted earnings per share fell 7% to $6.84, and the company lowered its full‑year adjusted EPS guidance to a range of $21.00‑$21.50, down from $23.00‑$24.00. CEO Alok Maskara said competitive pressure and inflation drove the margin decline.
Why it matters
The reduced EPS guidance signals lower earnings expectations for the year, which analysts noted by cutting price targets and contributed to a post‑announcement share decline of about 5%.
Key facts
- 1Third‑quarter revenue was $1.6 billion, up 10% YoY. prnewswire.com
- 2Adjusted diluted EPS for the quarter was $6.84, down 7% YoY. prnewswire.com
- 3Full‑year adjusted EPS guidance was revised to $21.00‑$21.50, versus the prior $23.00‑$24.00 range. prnewswire.com
- 4GAAP operating income was $312 million, down 5% YoY. prnewswire.com
- 5CEO Alok Maskara cited competitive pressure and inflation as the main challenges. prnewswire.com
- 6Shares fell 5.8% after the announcement. investing.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.