Lennox International LII Commercial Heating and Cooling — Goodwill adjustment

Other segment segments

Residential Heating and Cooling

$1.6M—

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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$14.43B-32.6%

Enterprise value$16.06B-29.9%

P/E18.3×-7.2×

P/S2.7×-1.2×

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:GoodwillPurchaseAccountingAdjustments.

The official record: Lennox International’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennox International's commercial heating and cooling — goodwill adjustment?: Lennox International (LII) reported commercial heating and cooling — goodwill adjustment of $4.9M in Q1 2026.
What does commercial heating and cooling — goodwill adjustment mean?: Represents periodic adjustments to the carrying value of goodwill specifically allocated to the commercial heating and cooling business segment. These adjustments typically arise from impairment testing or reallocations following organizational restructuring. It reflects changes in the perceived long-term value of acquired intangible assets within this specific business unit.