Short answer
Lennox International (LII) filed its Q1 2025 10-Q quarterly report on Apr 23, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $1.1B (up 2.4% year over year) with net income of $120M.
Q1 2025 key financials · XBRL
- Revenue
- $1.1B
- +2.4% YoY
- Net income
- $120M
- −3.2% YoY
- Operating margin
- 14.5%
- Gross margin
- 30.6%
- EPS (diluted)
- $3.37
- −2.9% YoY
Source: XBRL data from the Lennox International (LII) Q1 2025 10-Q on SEC EDGAR. USD.
Lennox International Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Commercial paper program established Oct 2023, up to $500M, replacing Asset Securitization Program expiring Nov 2023
- Updated operational risk: Higher product costs from tariffs and factory inefficiencies reduced gross margin by 270 bps in Q1 2025 vs Q1 2024
- Regulatory risk: Senior unsecured notes contain covenants limiting liens, sale-leasebacks, and cross-default if debt over $75M accelerates unpaid over 30 days
- Market risk: Segment profit down $25M in Building Climate Solutions due to lower sales volumes (-9%) and increased costs from new factory ramp-up
- Financial risk: $300M senior notes maturing Aug 1, 2025; cash and borrowing capacity sufficient to cover maturity and operations through foreseeable future
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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