- Q3 adjusted EPS fell 7% to $6.84 and missed expectations by $0.52, while revenue rose 10.2% to $1.6 billion, beating estimates by $20 million.
- Lennox cut FY26 adjusted EPS guidance to $21-$21.50 and FY26 revenue growth guidance to about 6% from 8%.
- FY26 free cash flow guidance was reduced to $700-$750 million from $750-$850 million.
- Home Comfort Solutions organic revenue fell 1%, and tariffs and inflation drove $47 million in cost headwinds.
- Building Climate Solutions revenue rose 24% including 15% organic growth, and FY26 BCS revenue growth guidance was raised to about 23%.
- Shares fell almost 11% on Wednesday to a new 52-week low after the results.
Quotes
“pretty simple”
“there is no incremental share loss beyond what was previously discussed in residential new construction”