Filing Flows › Lennox International (LII) › Q3 2026
Lennox International (LII) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Lennox International (LII) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +10% from a year earlier and +2% from the quarter before. Operating margin was 19.8%, net earnings $221M (14.1% of revenue).
Lennox International, Q3 2026: revenue $1.6B (+10% year over year), operating margin 19.8%, net earnings $221M, operating cash flow $395M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +2% | +10% |
| Gross profit | $497M | -8% | +2% |
| Operating profit | $312M | -12% | -5% |
| Net earnings | $221M | -18% | -15% |
| Operating cash flow | $395M | +130% | +31% |
| Free cash flow | $362M | +166% | +37% |
What changed
Revenue was $1.6B in Q3 2026, up 10% year over year and up 2% from the previous quarter. Residential Heating and Cooling was the largest line at 60% of revenue. Commercial Heating and Cooling added $0.12B year over year (up 24%), 83% of the total change.
Gross margin was 31.6%, down 2.5 points from Q3 2025. Operating profit was $0.31B, a 19.8% margin (down 3.2 points year over year). Operating profit fell $0.02B even though revenue rose $0.15B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 10%. Net earnings were $0.22B, down 15% year over year. The effective tax rate was 24.6%.
Operating cash flow was $0.40B (up 31% year over year), 179% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.03B left free cash flow of $0.36B.
Questions
What was Lennox International's revenue in the third quarter 2026?
Lennox International (LII) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +10% from a year earlier and +2% from the quarter before.
Was Lennox International profitable in the third quarter 2026?
Operating profit was $312M (19.8% of revenue) and net earnings $221M.