Lennox International (NYSE: LII) reported first-quarter 2025 financial results with $1.1 billion in revenue, a 2% increase year-over-year. However, segment profit decreased by 7% to $156 million, and adjusted diluted earnings per share fell 3% to $3.37.
The decline in profitability was attributed to a $12 million decrease in sales volume and $29 million in product costs, primarily due to tariff impacts and factory inefficiencies. Investments in distribution and selling also contributed to the profit reduction.
For the full year 2025, Lennox narrowed its adjusted earnings per share guidance to a range of $22.25 to $23.50, while revenue is still anticipated to increase by approximately 2%. The market reacted negatively to the earnings report, with the company's share price declining by 7.14%.
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