Lennox cuts FY25 adjusted EPS view to $22.75-$23.25 from $23.25-$24.25

Consensus $23.30. Cuts FY25 revenue view to down 1% from up 3%. Cuts FY25 free cash flow view to $550M from $650M-$800M. “As anticipated, 2025 is proving to be a transitional year, shaped by the impact of the refrigerant transition and difficult macroeconomic conditions. During these uncertain times, the Lennox (LII) team continues to respond with agility and discipline, delivering margin expansion in both segments,” said CEO, Alok Maskara. “The recent DuroDyne and Supco acquisition strengthens our parts and accessories portfolio, positioning us for greater success during the more normalized operating environment expected in 2026 and beyond. In light of ongoing industry volume pressures and consumer confidence trends, we believe it is prudent to update our full-year guidance to include an expected revenue decline of 1% and adjusted earnings per share from $22.75 to $23.25.”