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Lennox International LII Commercial Heating and Cooling — D&A

Other segment segments

Residential Heating and Cooling
$13M+13.0%

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Other financials

Income statement

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Revenue$1.5B+3.0%
Gross profit$539.5M+4.3%
Operating income$355.0M+1.7%
Net income$269.0M-1.8%
EPS (diluted)$7.72+0.1%

Balance sheet

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Cash & equivalents$51.5M+4.7%
Total debt$1.7B+7.1%
Total equity$1.2B+36.8%
Total assets$4.5B+24.4%

Cash flow

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Operating cash flow$172.0M+98.2%
CapEx$35.7M+25.3%
Free cash flow$136.3M+134%

Valuation

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Market cap$15.44B-26.1%
Enterprise value$17.08B-23.8%
P/E19.6×-5.3×
P/S2.9×-0.9×

Profitability

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Gross margin33.3%+0.1pp
Operating margin19.7%0.0pp
Net margin14.9%-0.6pp
FCF margin13.9%+1.4pp

Returns & leverage

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Return on equity80.1%-62.1pp
Debt / equity1.4×-0.4×
Current ratio1.6×+0.2×

Where this comes from

Reported directly by Lennox International in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

The source filing: Lennox International’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 3:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001069202-26-000087
Line itemFor the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Depreciation and Amortization:
Home Comfort Solutions$13.0$11.5$23.7$21.9
Building Climate Solutions12.38.024.015.9
Total depreciation and amortization from reportable segments$25.3$19.5$47.7$37.8
Corporate and Other7.37.314.114.6
Total depreciation and amortization$32.6$26.8$61.8$52.4

Item 1. Financial

FAQ

What is Lennox International's commercial heating and cooling — D&A?
Lennox International (LII) reported commercial heating and cooling — D&A of $12.3M in Q2 2026.
How has Lennox International's commercial heating and cooling — D&A changed year-over-year?
Lennox International's commercial heating and cooling — D&A increased by 53.8% year-over-year, from $8M to $12.3M.
What is the long-term trend for Lennox International's commercial heating and cooling — D&A?
Over 4 years (2021 to 2025), Lennox International's commercial heating and cooling — D&A has grown at a 28.5% compound annual growth rate (CAGR), from $13.2M to $36M.
What does commercial heating and cooling — D&A mean?
The non-cash expense allocated to the commercial HVAC segment to account for the wear and tear of physical assets and the expiration of intangible assets over time. This metric helps reconcile the difference between cash flow and accounting profit. It is essential for calculating EBITDA and assessing the age of the asset base.

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