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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jeff Sprague | Vertical Research Partners | 13 (38%) |
| Jeff Hammond | KeyBanc Capital Markets | 13 (15%) |
| Chris Snyder | Morgan Stanley | 12 (50%) |
| Ryan Merkel | William Blair | 12 (8%) |
| Deane Dray | RBC Capital Markets | 12 (0%) |
| Tommy Moll | Stephens | 12 (8%) |
| Noah Kaye | Oppenheimer | 12 (0%) |
| Nigel Coe | Wolfe Research | 12 (25%) |
| Joe O'Dea | Wells Fargo | 12 (0%) |
| Brett Linzey | Mizuho Securities | 10 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| KeyBanc Capital Markets | 1 | 13 (15%) |
| Vertical Research Partners | 1 | 13 (38%) |
| Wolfe Research | 1 | 12 (25%) |
| Morgan Stanley |
| 1 |
| 12 (50%) |
| Oppenheimer | 1 | 12 (0%) |
| RBC Capital Markets | 1 | 12 (0%) |
| Stephens | 1 | 12 (8%) |
| Wells Fargo | 1 | 12 (0%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.34B | +16.5% | $5.52 | +36.6% | 33.9% | 18.2% | 14.7% | $272M |
| FY2025 Q1 | $1.07B | +2.4% | $3.37 | -2.9% | 30.6% | 14.5% | 11.2% | $-61M |
| FY2025 Q2 | $1.50B | +3.4% | $7.82 | +13.8% | 34.8% | 23.6% | 18.5% | $58M |
| FY2025 Q3 | $1.43B | -4.8% | $6.96 | +4.2% | 33.3% | 21.7% | 17.2% | $265M |
| FY2025 Q4 | $1.20B | -11.2% | $4.07 | -26.3% | 32.6% | 16.4% | 11.9% | $377M |
| FY2026 Q1 | $1.14B | +5.8% | $3.35 | -0.6% | 30.9% | 14.6% | 10.3% | $-39M |
| FY2026 Q2 | $1.55B | +3.0% | $7.72 | -1.3% | 34.9% | 23.0% | 17.4% | $136M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Revenue returned to growth at $1.1 billion, up 6% year-over-year, driven by BCS record performance with 300 basis point margin expansion and M&A contributions. Factory under-absorption and tariff-driven commodity inflation doubled the cost headwind, pressuring segment margins down 130 basis points to 14.4%. Management reaffirmed FY2026 EPS guidance of $23.50-$25 despite higher costs, citing additional pricing actions.
Demand | Pricing | Competitive Dynamics | Inventory | Margin | Guidance Reliability | Trade Tariffs | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 1 | 4 | 1 | 2 | 1 | 2 | 5 |
| 2025Q1 | 6 | 5 | 2 | 2 | 1 | 1 | 4 | |
| 2025Q2 | 12 | 7 | 7 | 4 | 3 | 4 | 3 | 3 |
| 2025Q3 | 12 | 6 | 4 | 9 | 7 | 2 | 3 | |
| 2025Q4 | 11 | 6 | 3 | 6 | 6 | 5 | 1 | 4 |
| 2026Q1 | 8 | 5 | 8 | 5 | 5 | 6 | 7 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 5 | 6 | 12 | 12 | 11 | 8 |
| Pricing | 1 | 5 | 7 | 6 | 6 | 5 |
| Competitive Dynamics | 4 | 2 | 7 | 4 | 3 | 8 |
| Inventory | 1 | 2 | 4 | 9 | 6 | 5 |
| Margin | 2 | 1 | 3 | 7 | 6 | 5 |
| Guidance Reliability | 1 | 1 | 4 | 2 | 5 | 6 |
| Trade Tariffs | 2 | 4 | 3 | 1 | 7 | |
| Revenue Growth | 5 | 3 | 3 | 4 | 2 |
What LII and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“On the Samsung joint venture, we talked last year but the meaningful impact is going to be this year”
Lennox expects meaningful contribution this year from its Samsung ductless joint venture as products flow through the channel, indicating growing traction for the partnership.
“extending our presence within the home through high-efficiency Lennox heat pump water heaters via our Ariston joint venture.”
Lennox is launching heat pump water heaters through its Ariston joint venture, expanding into water heating alongside HVAC.
“the integration of DuroDyne parts and supply is expanding our commercial portfolio.”
Lennox's acquisition of DuroDyne is being integrated and expanding its commercial (Building Climate Solutions) parts-and-supply portfolio.
“the on-track integration of Supco parts and supplies strengthens our attachment rate growth better.”
Lennox reports its acquisition of Supco (parts and supplies) is integrating on track and strengthening attachment-rate growth in Home Comfort Solutions.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LII Lennox International | 6 | +5.8% | |
| BLDR Builders FirstSource | 1 | -10.1% | |
| CARR Carrier Global | 4 | +2.4% | |
| JCI Johnson Controls | 9 | +8.2% | |
| MAS Masco | 6 | +6.5% | |
| TT Trane Technologies | 7 | +6.0% |