Lennox International, Inc.

Filing receipts

“Segment profit in the first quarter of 2026 increased $37 million as compared to the same period in 2025 primarily due to $24 million profit benefit from higher sales volumes and $22 million increase in favorable mix and price, and $7 million profit benefit from sales volumes from completed acquisitions, which were partially offset by $8 million in product cost inflation and lower factory absorption, and $8 million from other costs.”

“Segment profit in the first quarter of 2026 decreased $37 million as compared to the same period in 2025, primarily due to lower sales volumes, resulting in a $56 million profit headwind, $23 million in product cost inflation and lower factory absorption, and $1 million in other costs.”

“First Quarter of 2026 Compared to First Quarter of 2025 - Results by Segment Home Comfort Solutions The following table presents our Home Comfort Solutions segment's net sales and profit for the first quarter of 2026 and 2025 (dollars in millions): For the Three Months Ended March 31, 2026 2025 Difference % Change Net sales $ 650.0 $ 721.4 $ (71.4) (10) % Profit $ 86.5 $ 123.9 $ (37.4) (30) % % of net sales 13.3 % 17.2 % Net sales decreased 10% in the first quarter of 2026 as compared to the same period in 2025 primarily due to a 21% decrease in sales volumes, which was partially offset by a 9% increase from favorable mix and price and a 2% increase in sales volumes from completed acquisiti...”