Lennox International LII Residential Heating and Cooling — Goodwill adjustment

Other segment segments

Commercial Heating and Cooling

$4.9M—

Similar metrics at other companies

MODCommercial Heating Ventilation And Air Conditioning — Goodwill

$204.5M—

SPXCRevenues — Goodwill, Impaired, Accumulated Impairment Loss

$335.5M+1.8%

SPXCRevenues — Goodwill

$879.2M+49.3%

ROCKResidential — Goodwill

$779.17M+202%

CSGPResidential Real Estate — Goodwill, Acquired During Period And Measurement Period Adjustment

$1M—

SPXCHVAC reportable segment — Goodwill

$676.8M+16.5%

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 residential heating and cooling — goodwill adjustment?: Lennox International (LII) reported residential heating and cooling — goodwill adjustment of $1.6M in Q1 2026.
What does residential heating and cooling — goodwill adjustment mean?: Represents periodic adjustments to the carrying value of goodwill specifically allocated to the residential heating and cooling business segment. These adjustments typically arise from impairment testing or reallocations following organizational restructuring. It reflects management's assessment of the long-term value of acquired intangible assets within this specific business unit.