Lennox International Inc
LII: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !R& | LOCK|N>%Vw | LOCK|#&<MhK |
Lennox Earnings: Commercial and M&A Drive Growth, but Conditions Improving All Around
Lennox's first-quarter revenue grew 6% to $1.1 billion, driven overwhelmingly by growth in the commercial-centric building climate solutions segment and acquisitions. Operating margin compressed 130 basis points to 14.4%, mainly due to operating deleverage and broad-based cost inflation.
