Nov 2, 4:26 PM ET
Lennox International said segment president Joseph Nassab will retire from his role on December 31, 2026, and stay on as a Strategic Advisor through February 28, 2028. Geoff Dethlefsen, currently Vice President and General Manager of Lennox Commercial HVAC, will succeed him as Executive Vice President and President, Building Climate Solutions, effective January 1, 2027. The filing describes a planned leadership handover with no financial results or guidance included.
- Joseph F. Nassab retires from his role on December 31, 2026, and becomes a Strategic Advisor, with a transition agreement effective January 1, 2027, running through February 28, 2028.
- Nassab will receive an annual salary of $180,000 as an advisor and continue vesting in outstanding equity awards per their terms.
- Geoff Dethlefsen succeeds Nassab as Executive Vice President and President, Building Climate Solutions, effective January 1, 2027.
- The press release says Dethlefsen joined Lennox in 2024 and that Nassab joined the company in 2010.
Read the filing on SEC.gov ↗
Oct 28, 6:49 AM ET
Lennox reported third-quarter 2026 revenue of $1.6 billion, up 10%, but adjusted diluted EPS fell 7% to $6.84 and total segment profit fell 2% to $323 million. The company lowered its full-year adjusted EPS guidance to $21.00 to $21.50 from $23.00 to $24.00, and said margins fell short of its expectations due to heightened competitive pressure and persistent inflation.
- Q3 revenue was $1.6 billion, up 10%, with Building Climate Solutions revenue up 24%.
- Adjusted diluted EPS was $6.84, down 7%; GAAP diluted EPS was $6.41 versus $7.38 a year earlier.
- Full-year adjusted EPS guidance was cut to $21.00 to $21.50 from $23.00 to $24.00.
- Home Comfort Solutions segment profit was $176 million, down 18%, with segment margin down 490 basis points to 18.7%.
Read the filing on SEC.gov ↗
Sep 18, 4:54 PM ET
Lennox International's Compensation and Human Resources Committee approved on September 16, 2026, a new form of long-term incentive award agreement for vice presidents and above, to be used for executive grants of restricted stock units, performance share units and stock appreciation rights. The filing says the terms are substantially similar to the prior form, with changes to vesting and exercise schedules and retirement eligibility.
- Committee approval date: September 16, 2026
- Award types covered: restricted stock units, performance share units and stock appreciation rights
- Changes from prior form: vesting and exercise schedules, retirement eligibility, and administrative updates
- Full agreement filed as Exhibit 10.1 under the 2019 Equity and Incentive Compensation Plan
Read the filing on SEC.gov ↗
Jul 29, 6:51 AM ET
Lennox reported second quarter 2026 revenue of $1.5 billion, up 3%, and GAAP operating income of $355 million, up 2%, but diluted earnings per share were flat at $7.72. The company lowered its full-year 2026 earnings per share guidance to $23.00-$24.00 from $23.50-$25.00 while reaffirming its revenue growth outlook of about 8%.
- Q2 2026 revenue was $1.5 billion, up 3%, with Building Climate Solutions up 24% and Home Comfort Solutions down 7%.
- Q2 GAAP diluted EPS was $7.72 versus $7.71 a year earlier; net income was $269 million versus $274 million.
- Full-year 2026 EPS guidance was updated to $23.00-$24.00 from the prior $23.50-$25.00; revenue growth guidance of about 8% was reaffirmed.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
