Lennox International missed revenue expectations in Q2 but hit profit targets, forcing a downward revision of its full-year earnings forecast to $23.50 per share—down 5% from prior guidance. The drag comes from a sluggish residential segment hit by affordability issues and weak consumer confidence, while the commercial side thrives thanks to smart acquisitions and strong demand. Management admits they’re stepping away from lower-margin deals, which is smart but hurts overall numbers. They’re now expecting residential recovery to kick in by 2027, while focusing on commercial growth, cost control, and digital innovation to stay ahead.
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