Lennox International Inc. shares fell to a 52-week low of $394.48 on Tuesday, capping a 33% decline from the 52-week high of $590.99 reached in mid-2024.
The decline reflects broader pressure on residential demand, which weighed on the company’s second-quarter performance. Adjusted earnings per share came in at $7.72, exceeding Wall Street’s forecast of $7.61, while revenue rose 3% year-over-year to $1.5 billion—below the $1.56 billion consensus due to softer residential market conditions.
Lennox International also revised its full-year profit outlook downward, citing weaker-than-anticipated demand. Despite the downgrade, William Blair analyst Ryan Merkel maintained an Outperform rating on the stock, emphasizing the company’s long-term positioning in the HVAC and indoor air quality sectors.
The company’s market capitalization stands at $13.79 billion, down from its peak valuation earlier in the year. Shares have declined 29.84% over the past 12 months, underperforming broader market benchmarks amid macroeconomic headwinds affecting consumer spending on home improvement and energy-efficient solutions.
