Lennox International Inc
- 거래소
- 미국
- 국가 / 지역
- USA
- 상장일
- 1999년 7월 29일
- 직원 수
- 5,400
- 웹사이트
- www.lennox.com
종합 밸류에이션 구간 · 보수적 $280–$340 / 적정 $360–$440 / 낙관적 $500–$560. $547.35 기준, 낙관적 내재가치 구간 내 · 상당한 기대가 선반영.
보고서 발행 시 $497（2026년 5월 30일）
데이터 제공: EODHD, 보고 통화 기준 표시. 참고용일 뿐 투자 자문이 아닙니다.
Lennox International Inc., together with its subsidiaries, designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils, air handlers, and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Supco, Linebacker, Elite series, Merit Series, Comfort Sync, Healthy Climate, Healthy Climate Solutions, iComfort, ComfortSense, and Lennox Stores name. The Building Climate Solutions segment offers unitary heating and air conditioning equipment, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial, curb, curb adapters, drop box diffusers, HVAC recycling, and salvage service. This segment also provides , condensing units, unit coolers, fluid coolers, air cooled condensers, process chillers, compressorized racks, and replacement parts and supplies under the Lennox, Model L, CORE, Enlight, Xion, Energence, Prodigy, Strategos, Raider, Lennox VRF, Lennox National Account Services, Allied Commercial, Duro Dyne, Dyne-Tite, Durozone, Elite, AES Industries, Mechanical, Heatcraft Worldwide Refrigeration, Bohn, MAGNA, Larkin, Climate Control, Chandler Refrigeration, IntelliGen, and Interlink brand name. In addition, the company provides small package units, rooftop units, chillers, air handlers, and fan coils. It sells its products and services through direct sales, distributors, and company-owned parts and supplies stores. The company was founded in 1895 and is headquartered in Richardson, Texas.
연혁
Lennox International Inc. was founded in 1895 and is headquartered in Richardson, Texas; it completed its IPO on July 29, 1999. The company designs, manufactures, and markets heating, ventilation, air conditioning, and refrigeration (HVACR) products across the United States, Canada, and internationally, and operates two core segments: Home Comfort Solutions (residential) and Building Climate Solutions (light commercial and select national accounts). In 2025 total revenue was about $5.195 billion, of which Home Comfort Solutions contributed $3.343 billion and Building Climate Solutions $1.852 billion; revenue grew from about $4.194 billion in 2021 to $5.195 billion in 2025 (roughly 5.5% four-year CAGR). In 2025 the company acquired Duro Dyne and Supco, both HVAC components and accessories assets, for total cash consideration of about $545 million, recognizing about $277 million of goodwill and about $235 million of identifiable intangibles (mainly customer relationships and trademarks), with the deals contributing about $42 million of revenue during their 2025 consolidation period. Also in 2025 the company changed part of its inventory accounting from LIFO to FIFO, with retrospective adjustment of 2023 and 2024. The company employs about 5,400 people. It markets products under numerous brands including Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, Heatcraft Worldwide Refrigeration, Bohn, and Lennox Stores, and sells through direct sales, distributors, and company-owned parts and supplies stores.
업계 내 위치
Lennox is a relatively pure-play North American HVAC platform whose 2025 revenue of about $5.195 billion and operating profit of about $1.042 billion are markedly smaller in absolute scale than peers Trane Technologies (2025 net revenue about $21.322 billion) and Carrier (2025 net sales about $21.747 billion); Trane, Carrier, and Johnson Controls compete in the same arena for channel, product, service, and engineering opportunities. By 2025 mix, Lennox's revenue was roughly 67% residential / 33% commercial, about 80% tied to replacement demand and 20% to new construction, and about 75% direct / 25% indirect distribution. Its central differentiator is channel depth: the company cites about 10,000 Lennox dealers, about 250 company-owned distribution outlets, a direct distribution model, e-commerce, and aftermarket capability, and lists having the largest manufacturing direct-dealer base among its core advantages. No single customer accounted for as much as 10% of consolidated revenue in 2021-2023. Company-reported ROIC was about 47%, 43%, 49%, and 39% for 2022 through 2025. Switching costs are real for dealers, installers, and the service ecosystem through training systems, inventory, warranty processes, digital tools, and equipment compatibility, while regulatory transitions such as the U.S. EPA AIM Act refrigerant rules (effective January 1, 2025) raise complexity and favor larger players with R&D, certification, training, supply-chain, and channel capabilities.
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