Lennox International (LII) Operating Income by Segment

Shows profit generated by each business line after operating costs, revealing which segments drive earnings and where margins are expanding or contracting. For Lennox, segment-level operating income highlights whether residential, commercial, or parts/services businesses are most profitable and how sensitive results are to housing cycles, construction activity, pricing power, and commodity-cost swings.

The dataset shows a clear portfolio reshuffle: Refrigeration operating profit vanishes after 2022 (suggesting reclassification or divestiture), while Business Climate has emerged as the chief growth engine—its outsized, recurring Q2 strength aligns with management’s call-out of strong commercial demand and acquisition-driven lift. Home Comfort remains the largest but is increasingly hit by volume declines, absorption headwinds and weaker new‑build margins, prompting a downward revision to HCS growth and EPS guidance. Corporate & Other is lumpy from M&A, amortization and interest, amplifying near-term earnings volatility despite robust cash generation.