Skip to content

Lennox International LII Commercial Heating And Cooling — Goodwill Impairment

Discontinued — last reported Q4 '16

Similar metrics at other companies

Modine Manufacturing logo
MODBuilding Hvac — Goodwill Impairment
$0
Modine Manufacturing logo
MODCommercial And Industrial Solutions — Goodwill Impairment
$0
SPX Technologies logo
SPXCRevenues — Goodwill, Impaired, Accumulated Impairment Loss
$335.5M+1.8%
SPX Technologies logo
SPXCHVAC reportable segment — Goodwill, Accumulated Impairment During Period
$0
SPX Technologies logo
SPXCHVAC reportable segment — Goodwill, Impairment Loss
$0
SPX Technologies logo
SPXCHVAC reportable segment — Goodwill, Impaired, Accumulated Impairment Loss
$336.9M+3.2%

Other financials

Income statement

See full
Revenue$1.1B+5.8%
Gross profit$351.3M+3.1%
Operating income$163.5M-2.7%
Net income$117.2M-9.6%
EPS (diluted)$3.35-7.7%

Balance sheet

See full
Cash & equivalents$48.2M-77.8%
Total debt$1.7B+7.6%
Total equity$1.2B+20.9%
Total assets$4.3B+24.2%

Cash flow

See full
Operating cash flow$16.1M+145%
CapEx$55.5M+118%
Free cash flow-$39.4M+35.7%

Valuation

See full
Market cap$18.53B-19.0%
Enterprise value$20.14B-16.5%
P/E23.4×-4.7×
P/S3.5×-0.7×

Profitability

See full
Gross margin33.2%+0.1pp
Operating margin19.7%+0.3pp
Net margin15.1%-0.1pp
FCF margin12.6%-1.8pp

Returns & leverage

See full
Return on equity75.8%-43.9pp
Debt / equity1.4×-0.2×
Current ratio1.6×+0.1×

Where this comes from

Reported directly by Lennox International in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Lennox International’s 10-K, filed February 21, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does commercial heating and cooling — goodwill impairment mean?
The loss recorded when the value of a business unit's goodwill is determined to be lower than its recorded book value.
How do you interpret commercial heating and cooling — goodwill impairment?
An increase indicates that past acquisitions are underperforming or that market conditions for the segment have deteriorated.
How does commercial heating and cooling — goodwill impairment compare across companies?
Most public companies report goodwill impairment as a significant indicator of strategic missteps or adverse market shifts.