LIILennox International
We are a global leader in energy-efficient climate-control solutions. 10-K, Item 1
- Employees
- 12,900
- Headquarters
- Richardson, TX
- CEO
- Alok Maskara
- Next results
- around Jan 27, 2027
What changed
10-K filed Feb 17, 2026 against Feb 11, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 3 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Cash from operations lower than net income | Cash from operations $757.6M vs net income $805.8M (FY ending 2025-12-31) | 10-K · XBRL |
| Inventory growing faster than revenue | Inventory +35.1% vs revenue -2.7% (+37.9 pts) | 10-K · XBRL |
| Auditor change | 8-K item 4.01 (change in certifying accountant) filed 2025-03-13 | 10-K · XBRL |
| Critical audit matters changed | New this year: Product Warranty Liability (“As of December 31, 2025, the Company's product warranty liability was $167.2 million. As discussed in Note 2 to the consolidated financial statements, the Company accrues for product warranty liabilities based on the estimated future costs to repair or replace products under warranty.”). No longer listed: Evaluation of the product warranty liability | 10-K · XBRL |
| Accounting checks | 7 other checks clear, 4 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 3 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Feb 17, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-11. Quoted as filed.
Lennox operates a direct-to-dealer network, meaning we manufacture products and sell them directly to select, independent home service companies. We rely on our direct sales channel for a substantial portion of our revenue. Our direct-to-dealer network also creates a large installed base of HVACR equipment, and creates opportunities for…
10-K, Item 1A
Accounting checks
latest 10-K7 of 11 clear 4 worth a look. Checks, not verdicts.
- !Cash from operations lower than net incomeCash from operations $757.6M vs net income $805.8M (FY ending 2025-12-31)
- !Inventory growing faster than revenueInventory +35.1% vs revenue -2.7% (+37.9 pts)
- !Auditor change8-K item 4.01 (change in certifying accountant) filed 2025-03-13
- !Critical audit matters changedNew this year: Product Warranty Liability (“As of December 31, 2025, the Company's product warranty liability was $167.2 million. As discussed in Note 2 to the consolidated financial statements, the Company accrues for product warranty liabilities based on the estimated future costs to repair or replace products under warranty.”). No longer listed: Evaluation of the product warranty liability
- ✓Receivables -12.4% vs revenue -2.7% (-9.7 pts)
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Nov 2, 20268-K Director or officer change, Regulation FD disclosure 8-K items 5.02, 7.01
- Oct 28, 20268-K Quarterly results 8-K item 2.02
- Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
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