Filing Flows › Lennox International (LII) › Q2 2025
Lennox International (LII) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
Lennox International (LII) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +40% from the quarter before. Operating margin was 23.3%, net earnings $274M (18.2% of revenue).
Lennox International, Q2 2025: revenue $1.5B (+3% year over year), operating margin 23.3%, net earnings $274M, operating cash flow $86.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +40% | +3% |
| Gross profit | $518M | +52% | +6% |
| Operating profit | $349M | +124% | +9% |
| Net earnings | $274M | +128% | +11% |
| Operating cash flow | $86.8M | — | -53% |
| Free cash flow | $58.3M | — | -61% |
What changed
Revenue was $1.5B in Q2 2025, up 3% year over year and up 40% from the previous quarter. Residential Heating and Cooling was the largest line at 67% of revenue. Residential Heating and Cooling added $0.03B year over year (up 3%), 54% of the total change.
Gross margin was 34.5%, up 0.8 points from a year earlier. Operating profit was $0.35B, a 23.3% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 22% margin then. Operating expenses grew 0% against revenue growth of 3%. Net earnings were $0.27B, up 11% year over year. The effective tax rate was 19.4%.
Operating cash flow was $0.09B (down 53% year over year), 32% 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 $0.22B. Capital expenditures of $0.03B left free cash flow of $0.06B.
Questions
What was Lennox International's revenue in the second quarter 2025?
Lennox International (LII) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +40% from the quarter before.
Was Lennox International profitable in the second quarter 2025?
Operating profit was $349M (23.3% of revenue) and net earnings $274M.