Lennox board approves $1B increase to stock buyback authorization

The Lennox (LII) Board of Directors has approved a $1B increase to its existing stock repurchase authorization, in addition to approximately $290M remaining under prior authorizations as of May 12, 2025. The increase in our dividend and share repurchase authorization reflects our confidence in the company’s performance and ability to generate strong, consistent cash flow,” said Lennox CFO Michael Quenzer. “We remain committed to returning capital to shareholders, while maintaining a disciplined leverage profile and the flexibility to pursue strategic bolt-on M&A opportunities that accelerate growth.”