Filing Flows › Lennox International (LII) › Q1 2026
Lennox International (LII) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Lennox International (LII) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -5% from the quarter before. Operating margin was 14.4%, net earnings $117M (10.3% of revenue).
Lennox International, Q1 2026: revenue $1.1B (+6% year over year), operating margin 14.4%, net earnings $117M, operating cash flow $16.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -5% | +6% |
| Gross profit | $351M | -10% | +3% |
| Operating profit | $164M | -16% | -3% |
| Net earnings | $117M | -18% | -10% |
| Operating cash flow | $16.1M | -96% | — |
What changed
Revenue was $1.1B in Q1 2026, up 6% year over year and down 5% from the previous quarter. Residential Heating and Cooling was the largest line at 57% of revenue. Commercial Heating and Cooling added $0.13B year over year (up 38%), 214% of the total change. Residential Heating and Cooling declined 10%.
Gross margin was 30.9%, down 0.8 points from Q1 2025. Operating profit was $0.16B, a 14.4% margin (down 1.3 points year over year). Operating profit fell $4.5M even though revenue rose $0.06B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+62%). Net earnings were $0.12B, down 10% year over year. The effective tax rate was 20.2%.
Operating cash flow was $0.02B, 14% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Lennox International's revenue in the first quarter 2026?
Lennox International (LII) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -5% from the quarter before.
Was Lennox International profitable in the first quarter 2026?
Operating profit was $164M (14.4% of revenue) and net earnings $117M.