Lennox International Inc

LII: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lennox: Market Share Gains in Water Heater Market Will Be Hard Fought, in Our View

Brian Bernard

May 29, 2025

Lennox will form a joint venture with Italy-based Ariston Group to sell Lennox-branded residential water heaters in North America. This is a new product category for Lennox, but Ariston has been in North America since 2016.

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Lennox International Inc

Lennox: Market Share Gains in Water Heater Market Will Be Hard Fought, in Our View

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