← Filings of LII
| | Page |
| Part I | Financial Information | |
| Item 1. Financial Statements | |
| Consolidated Balance Sheets - June 30, 2025 (Unaudited) and December 31, 2024 | 1 |
| Consolidated Statements of Operations (Unaudited) - Three and Six Months Ended June 30, 2025 and 2024 | 2 |
| Consolidated Statements of Comprehensive Income (Unaudited) - Three and Six Months Ended June 30, 2025 and 2024 | 3 |
| Consolidated Statements of Stockholders' Equity (Unaudited) - Three and Six Months Ended June 30, 2025 and 2024 | 4 |
| Consolidated Statements of Cash Flows (Unaudited) - Six Months Ended June 30, 2025 and 2024 | 6 |
First 8 of 18 rows. The download has all of them.
Table 2 after “CONSOLIDATED BALANCE SHEETS”
| (Amounts in millions, except shares and par values) | As of June 30, 2025 | As of December 31, 2024 | |
| (Unaudited) | | |
| ASSETS | | | |
| Current Assets: | | | |
| Cash and cash equivalents | $49.2 | | $415.1 |
| Short-term investments | 5.9 | | 7.2 |
| Accounts and notes receivable, net of allowances of $12.6 and $17.8 in 2025 and 2024, respectively | 868.2 | | 661.1 |
| Inventories, net | 1,001.9 | | 704.8 |
First 8 of 40 rows. The download has all of them.
Table 3 after “(Unaudited)”
| (Amounts in millions, except per share data) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net sales | $1,500.9 | | $1,451.1 | | $2,573.5 | $2,498.2 |
| Cost of goods sold | 978.4 | | 962.9 | | 1,722.5 | 1,670.0 |
| Gross profit | 522.5 | | 488.2 | | 851.0 | 828.2 |
| Operating Expenses: | | | | | | |
| Selling, general and administrative expenses | 173.3 | | 168.5 | | 344.6 | 339.2 |
| (Gains) losses and other expenses, net | (2.7) | | 3.7 | | 0.1 | 7.4 |
First 8 of 21 rows. The download has all of them.
Table 4 after “(Unaudited)”
| (Amounts in millions) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net income | $277.6 | | $245.9 | | $397.9 | $370.2 |
| Other comprehensive income (loss): | | | | | | |
| Foreign currency translation adjustments | 15.9 | | (6.2) | | 20.1 | (9.5) |
| Net change in pension and post-retirement liabilities | (0.5) | | (1.0) | | (0.7) | (1.1) |
| Reclassification of pension and post-retirement benefit losses into earnings | 0.4 | | 0.1 | | 0.8 | 0.4 |
| Pension settlements | 0.1 | | 0.3 | | 0.2 | 0.3 |
First 8 of 14 rows. The download has all of them.
Table 5 after “(In millions, except per share data)”
| Common Stock Issued | Additional Paid-In Capital | | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock at Cost | | Total Stockholders' Equity | | | |
| (For the three months ended June 30, 2025) | | Shares | | Amount | | | | | | | |
| Balance as of March 31, 2025 | $0.9 | | $1,219.0 | | $4,230.3 | | $(80.6) | | 51.7 | $(4,517.1) | $852.5 |
| Net income | — | | — | | 277.6 | | — | | — | — | 277.6 |
| Dividends, $1.30 per share | — | | — | | (45.8) | | — | | — | — | (45.8) |
| Foreign currency translation adjustments | — | | — | | — | | 15.9 | | — | — | 15.9 |
| Pension and post-retirement liability changes | — | | — | | — | | (0.2) | | — | — | (0.2) |
| Stock-based compensation expense | — | | 8.2 | | — | | — | | — | — | 8.2 |
First 8 of 12 rows. The download has all of them.
Table 6 after “(In millions, except per share data)”
| Common Stock Issued | Additional Paid-In Capital | | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock at Cost | | Total Stockholders' Equity | | | |
| (For the three months ended June 30, 2024) | | Shares | | Amount | | | | | | | |
| Balance as of March 31, 2024 | $0.9 | | $1,190.6 | | $3,591.1 | | $(57.9) | | 51.5 | $(4,355.9) | $368.8 |
| Net income | — | | — | | 245.9 | | — | | — | — | 245.9 |
| Dividends, $1.10 per share | — | | — | | (41.0) | | — | | — | — | (41.0) |
| Foreign currency translation adjustments | — | | — | | — | | (6.2) | | — | — | (6.2) |
| Pension and post-retirement liability changes | — | | — | | — | | (0.7) | | — | — | (0.7) |
| Stock-based compensation expense | — | | 6.4 | | — | | — | | — | — | 6.4 |
First 8 of 12 rows. The download has all of them.
Table 7 after “(In millions, except per share data)”
| Common Stock Issued | Additional Paid-In Capital | | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock at Cost | | Total Stockholders' Equity | | | |
| (For the six months ended June 30, 2025) | | Shares | | Amount | | | | | | | |
| Balance as of December 31, 2024 | $0.9 | | $1,213.3 | | $4,150.8 | | $(93.7) | | $51.6 | $(4,421.1) | $850.2 |
| Net income | — | | — | | 397.9 | | — | | — | — | 397.9 |
| Dividends, $2.45 per share | — | | — | | (86.6) | | — | | — | — | (86.6) |
| Foreign currency translation adjustments | — | | — | | — | | 20.1 | | — | — | 20.1 |
| Stock-based compensation expense | — | | 14.5 | | — | | — | | — | — | 14.5 |
| Change in cash flow hedges | — | | — | | — | | 12.2 | | — | — | 12.2 |
First 8 of 11 rows. The download has all of them.
Table 8 after “(In millions, except per share data)”
| Common Stock Issued | Additional Paid-In Capital | | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock at Cost | | Total Stockholders' Equity (Deficit) | | | |
| (For the six months ended June 30, 2024) | | Shares | | Amount | | | | | | | |
| Balance as of December 31, 2023 | $0.9 | | $1,184.6 | | $3,506.2 | | $(56.9) | | $51.6 | $(4,349.5) | $285.3 |
| Net income | — | | — | | 370.2 | | — | | — | — | 370.2 |
| Dividends, $2.25 per share | — | | — | | (80.4) | | — | | — | — | (80.4) |
| Foreign currency translation adjustments | — | | — | | — | | (9.5) | | — | — | (9.5) |
| Pension and post-retirement liability changes | — | | — | | — | | (0.6) | | — | — | (0.6) |
| Stock-based compensation expense | — | | 13.3 | | — | | — | | — | — | 13.3 |
First 8 of 12 rows. The download has all of them.
Table 9 after “(Unaudited)”
| (Amounts in millions) | For the Six Months Ended June 30, | | |
| 2025 | 2024 | |
| Cash flows from operating activities: | | | |
| Net income | $397.9 | | $370.2 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Gain on sale from previous dispositions | — | | (1.6) |
| Income from equity method investments | (3.3) | | (3.7) |
| Provision for credit losses | 0.8 | | 3.4 |
First 8 of 50 rows. The download has all of them.
Table 10 after “Key financial information for each segment is shown below (in millions):”
| Home Comfort Solutions | Business Climate Solutions | | Corporate and Other | Total | |
| Three months ended June 30, 2025 | | | | | | |
| Net Sales(1) | $1,009.3 | | $491.6 | | $— | $1,500.9 |
| Cost of Goods Sold | 668.3 | | 308.9 | | 1.2 | 978.4 |
| Selling, general and administrative | 91.4 | | 61.1 | | 20.8 | 173.3 |
| Other (income) expense(2) | (5.6) | | (0.9) | | 1.7 | (4.8) |
| Segment profit (loss)(3) | $255.2 | | $122.5 | | $(23.7) | $354.0 |
| Three months ended June 30, 2024 | | | | | | |
First 8 of 13 rows. The download has all of them.
| Home Comfort Solutions | Business Climate Solutions | | Corporate and Other | Total | |
| Six months ended June 30, 2025 | | | | | | |
| Net Sales(1) | $1,730.7 | | $842.8 | | $— | $2,573.5 |
| Cost of Goods Sold | 1,175.5 | | 546.0 | | 0.9 | 1,722.5 |
| Selling, general and administrative | 189.8 | | 121.4 | | 33.4 | 344.6 |
| Other (income) expense(2) | (6.6) | | (0.8) | | 4.2 | (3.2) |
| Segment profit (loss)(3) | $372.0 | | $176.0 | | $(38.4) | $509.6 |
| Six months ended June 30, 2024 | | | | | | |
First 8 of 13 rows. The download has all of them.
Table 12 after “The reconciliations of segment profit to Operating income and Net income before income taxes are presented below (in millions):”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Total segment profit(1) | $354.0 | | $318.5 | | $509.6 | $485.3 |
| Reconciliation to Operating income: | | | | | | |
| Restructuring charges | — | | — | | — | — |
| Gain on sale from previous dispositions | — | | (1.6) | | — | (1.6) |
| Operating income | 354.0 | | 320.1 | | 509.6 | 486.9 |
| Reconciliation to income before income taxes: | | | | | | |
First 8 of 12 rows. The download has all of them.
Table 13 after “Total assets by segment are shown below (in millions) as of:”
| June 30, 2025 | December 31, 2024 | |
| Total Assets: | | | |
| Home Comfort Solutions | $1,989.3 | | $1,626.0 |
| Building Climate Solutions | 1,249.1 | | 1,052.6 |
| Corporate and Other | 414.3 | | 793.2 |
| Total assets | $3,652.7 | | $3,471.8 |
Table 14 after “Total capital expenditures by segment are shown below (in millions):”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Capital Expenditures: | | | | | | |
| Home Comfort Solutions | $11.8 | | $14.6 | | $23.2 | $28.8 |
| Building Climate Solutions | 6.2 | | 11.8 | | 12.5 | 22.2 |
| Corporate and Other | 10.5 | | 6.3 | | 18.3 | 11.2 |
| Total capital expenditures | $28.5 | | $32.7 | | $54.0 | $62.2 |
Table 15 after “Depreciation and amortization expenses by segment are shown below (in millions):”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Depreciation and Amortization: | | | | | | |
| Home Comfort Solutions | $11.5 | | $11.5 | | $21.9 | $22.3 |
| Building Climate Solutions | 8.0 | | 6.3 | | 15.9 | 12.0 |
| Corporate and Other | 7.3 | | 7.4 | | 14.6 | 14.9 |
| Total depreciation and amortization | $26.8 | | $25.2 | | $52.4 | $49.2 |
Table 16 after “The income from equity method investments is shown below (in millions):”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Income from Equity Method Investments: | | | | | | |
| Home Comfort Solutions | $1.7 | | $1.7 | | $2.4 | $2.6 |
| Building Climate Solutions | 0.4 | | 0.8 | | 0.8 | 1.2 |
| Corporate and Other | — | | — | | 0.1 | (0.1) |
| Total income from equity method investments | $2.1 | | $2.5 | | $3.3 | $3.7 |
Table 17 after “Property, plant and equipment, net for each major geographic area in which we operate, based on the domicile of our operations, are shown be”
| June 30, 2025 | December 31, 2024 | |
| Property, Plant and Equipment, net: | | | |
| United States | $549.8 | | $537.3 |
| Mexico | 264.2 | | 254.0 |
| Canada | 4.1 | | 2.9 |
| Other international | 7.5 | | 5.9 |
| Total Property, plant and equipment, net | $825.6 | | $800.1 |
Table 18 after “The computations of basic and diluted earnings per share were as follows (in millions, except per share data):”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net income | $277.6 | | $245.9 | | $397.9 | $370.2 |
| Weighted-average shares outstanding – basic | 35.3 | | 35.6 | | 35.4 | 35.6 |
| Add: Potential effect of dilutive securities attributable to stock-based payments | 0.2 | | 0.2 | | 0.2 | 0.2 |
| Weighted-average shares outstanding – diluted | 35.5 | | 35.8 | | 35.6 | 35.8 |
| Earnings per share – Basic: | $7.86 | | $6.91 | | $11.24 | $10.40 |
| Earnings per share – Diluted: | $7.82 | | $6.87 | | $11.18 | $10.34 |
Table 19 after “The following stock appreciation rights and restricted stock units were outstanding but not included in the diluted earnings per share calcu”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Weighted-average number of shares | — | | — | | — | — |
Table 20 after “Liabilities for estimated product warranty costs are included in the following captions on the accompanying Consolidated Balance Sheets (in ”
| June 30, 2025 | December 31, 2024 | |
| Accrued expenses | $47.4 | | $49.1 |
| Other liabilities | 116.7 | | 109.4 |
| Total warranty liability | $164.1 | | $158.4 |
Table 21 after “The changes in product warranty liabilities for the six months ended June 30, 2025 were as follows (in millions):”
| Total warranty liability as of December 31, 2024 | $158.4 |
| Warranty claims paid | (20.4) |
| Changes resulting from issuance of new warranties | 24.8 |
| Changes in estimates associated with pre-existing liabilities | 0.8 |
| Changes in foreign currency translation rates and other | 0.5 |
| Total warranty liability as of June 30, 2025 | $164.1 |
Table 22 after “The following table disaggregates our revenue by business segment by geography which provides information as to the major source of revenue.”
| For the Three Months Ended June 30, 2025 | | | | | |
| Primary Geographic Markets | Home Comfort Solutions | Building Climate Solutions | | Corporate and Other | Consolidated | |
| United States | $941.0 | | $455.6 | | $— | $1,396.6 |
| Canada | 68.3 | | 36.0 | | — | 104.3 |
| Total | $1,009.3 | | $491.6 | | $— | $1,500.9 |
Table 23 after “The following table disaggregates our revenue by business segment by geography which provides information as to the major source of revenue.”
| For the Three Months Ended June 30, 2024 | | | | | |
| Primary Geographic Markets | Home Comfort Solutions | Building Climate Solutions | | Corporate and Other | Consolidated | |
| United States | $923.5 | | $445.0 | | $— | $1,368.5 |
| Canada | 58.8 | | 23.8 | | — | 82.6 |
| Total | $982.3 | | $468.8 | | $— | $1,451.1 |
Table 24 after “The following table disaggregates our revenue by business segment by geography which provides information as to the major source of revenue.”
| For the Six Months Ended June 30, 2025 | | | | | |
| Primary Geographic Markets | Home Comfort Solutions | Building Climate Solutions | | Corporate and Other | Consolidated | |
| United States | $1,608.9 | | $788.3 | | $— | $2,397.2 |
| Canada | 121.8 | | 54.5 | | — | 176.3 |
| Total | $1,730.7 | | $842.8 | | $— | $2,573.5 |
Table 25 after “The following table disaggregates our revenue by business segment by geography which provides information as to the major source of revenue.”
| For the Six Months Ended June 30, 2024 | | | | | |
| Primary Geographic Markets | Home Comfort Solutions | Building Climate Solutions | | Corporate and Other | Consolidated | |
| United States | $1,549.6 | | $802.3 | | $— | $2,351.9 |
| Canada | 107.3 | | 39.0 | | — | 146.3 |
| Total | $1,656.9 | | $841.3 | | $— | $2,498.2 |
Table 26 after “Net contract liabilities consisted of the following (in millions) as of:”
| June 30, 2025 | December 31, 2024 | |
| Contract assets | $1.7 | | $1.2 |
| Contract liabilities - current | (9.7) | | (5.0) |
| Contract liabilities - noncurrent | (9.5) | | (8.4) |
| Total | $(17.5) | | $(12.2) |
Table 27 after “The components of inventories are as follows (in millions) as of:”
| June 30, 2025 | December 31, 2024 | |
| Finished goods | $692.5 | | $422.6 |
| Work in process | 13.3 | | 11.0 |
| Raw materials and parts | 445.7 | | 410.7 |
| Subtotal | 1,151.5 | | 844.3 |
| Excess of current cost over last-in, first-out cost | (149.6) | | (139.5) |
| Total inventories, net | $1,001.9 | | $704.8 |
Table 28 after “The changes in the carrying amount of goodwill in 2025, in total and by segment, are summarized in the table below (in millions):”
| Balance as of December 31, 2024 | Goodwill Adjustment | | Balance as of June 30, 2025 | |
| Home Comfort Solutions | $26.1 | | $— | | $26.1 |
| Building Climate Solutions | 193.9 | | — | | 193.9 |
| Total Goodwill | $220.0 | | $— | | $220.0 |
Table 29 after “We recorded the following amounts in AOCL related to our cash flow hedges (in millions) as of:”
| June 30, 2025 | December 31, 2024 | |
| Unrealized (gains) losses, net on unsettled contracts | $(14.2) | | $2.0 |
| Income tax expense (benefit) | 3.5 | | (0.6) |
| Unrealized (gains) losses, net included in AOCL, net of tax (1) | $(10.7) | | $1.4 |
Table 30 after “Stock-based compensation expense related to continuing operations is included in Selling, general and administrative expenses in the accompa”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Stock-based compensation expense | $8.2 | | $6.4 | | $14.5 | $13.3 |
Table 31 after “The components of net periodic benefit cost for pension benefits were as follows (in millions):”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Service cost | $0.3 | | $0.4 | | $0.6 | $0.8 |
| Interest cost | 2.0 | | 2.2 | | 4.1 | 4.3 |
| Expected return on plan assets | (1.8) | | (1.9) | | (3.6) | (3.8) |
| Amortization of prior service cost | (0.1) | | — | | (0.1) | — |
| Recognized actuarial loss | 0.5 | | 0.2 | | 0.9 | 0.4 |
| Settlements and curtailments | 0.1 | | 0.3 | | 0.2 | 0.3 |
First 8 of 9 rows. The download has all of them.
Table 32 after “The following table summarizes our outstanding debt obligations and their classification in the accompanying Consolidated Balance Sheets (in”
| June 30, 2025 | December 31, 2024 | |
| Commercial paper | $29.0 | | $— |
| Current maturities of long-term debt: | | | |
| Finance lease obligations | $16.5 | | $14.9 |
| Senior unsecured notes | 300.0 | | 300.0 |
| Debt issuance costs | (0.1) | | (0.4) |
| Total current maturities of long-term debt | $316.4 | | $314.5 |
| Long-Term Debt: | | | |
First 8 of 13 rows. The download has all of them.
Table 33 after “The following table provides information on items reclassified from AOCL to Net income in the accompanying Consolidated Statements of Operat”
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | | Affected Line Item(s) in the Consolidated Statements of Operations | | | |
| 2025 | 2024 | | 2025 | 2024 | | |
| Gains (Losses) on Cash Flow Hedges: | | | | | | | |
| Derivatives contracts | $3.4 | | $1.6 | | $6.0 | $(0.4) | Cost of goods sold; Losses and other expenses, net |
| Income tax (expense) benefit | (0.8) | | (0.4) | | (1.4) | 0.1 | Provision for income taxes |
| Net of tax | $2.6 | | $1.2 | | $4.6 | $(0.3) | |
| Defined Benefit Plan items: | | | | | | | |
| Pension and post-retirement benefit costs | $(0.4) | | $(0.1) | | $(0.8) | $(0.4) | Other expense, net |
First 8 of 12 rows. The download has all of them.
Table 34 after “The following table provides information on changes in AOCL, by component (net of tax), for the six months ended June 30, 2025 (in millions)”
| Gains (Losses) on Cash Flow Hedges | Share of Equity Method Investments Other Comprehensive Income | | Defined Benefit Pension Plan Items | Foreign Currency Translation Adjustments | Total AOCL | | |
| Balance as of December 31, 2024 | $(1.5) | | $0.4 | | $(45.7) | | $(46.9) | $(93.7) |
| Other comprehensive income (loss) before reclassifications | 16.8 | | — | | (0.7) | | 21.4 | 37.5 |
| Amounts reclassified from AOCL | (4.6) | | — | | 0.7 | | (1.3) | (5.2) |
| Net other comprehensive income | 12.2 | | — | | — | | 20.1 | 32.3 |
| Balance as of June 30, 2025 | $10.7 | | $0.4 | | $(45.7) | | $(26.8) | $(61.4) |
Table 35 after “The following table presents their fair value (in millions) as of:”
| June 30, 2025 | December 31, 2024 | |
| Senior unsecured notes | $1,111.6 | | $1,093.4 |
Table 36 after “The following table provides a summary of our financial results, including information presented as a percentage of net sales:”
| For the Three Months Ended June 30, | | | | | | |
| Dollars (in millions) | Percent Change Fav/(Unfav) | | Percent of Sales | | | |
| 2025 | 2024 | | 2025 | 2024 | | |
| Net sales | $1,500.9 | | $1,451.1 | | 3.4% | 100.0% | 100.0% |
| Cost of goods sold | 978.4 | | 962.9 | | (1.6) | 65.2 | 66.4 |
| Gross profit | 522.5 | | 488.2 | | 7.0 | 34.8 | 33.6 |
| Selling, general and administrative expenses | 173.3 | | 168.5 | | (2.8) | 11.5 | 11.6 |
| (Gains) losses and other expenses, net | (2.7) | | 3.7 | | 173.0 | (0.2) | 0.3 |
First 8 of 11 rows. The download has all of them.
Table 37 after “(Gains) losses and other expenses, net for the second quarter of 2025 and 2024 included the following (in millions):”
| For the Three Months Ended June 30, | | |
| 2025 | 2024 | |
| Foreign currency exchange (gains) losses | $(4.3) | | $1.5 |
| Gain on disposal of fixed assets | (0.2) | | (0.5) |
| Net change in unrealized losses (gains) on unsettled futures contracts | — | | 0.1 |
| Environmental liabilities and special litigation charges | 1.8 | | 2.4 |
| Other items, net | — | | 0.3 |
| (Gains) losses and other expenses, net (pre-tax) | $(2.7) | | $3.7 |
Table 38 after “The following table presents our Home Comfort Solutions segment's net sales and profit for the second quarter of 2025 and 2024 (dollars in m”
| For the Three Months Ended June 30, | | | | | |
| 2025 | 2024 | | Difference | % Change | |
| Net sales | $1,009.3 | | $982.3 | | $27.0 | 3% |
| Profit | $255.2 | | $228.5 | | $26.7 | 12% |
| % of net sales | 25.3% | | 23.3% | | | |
Table 39 after “The following table presents our Building Climate Solutions segment's net sales and profit for the second quarter of 2025 and 2024 (dollars ”
| For the Three Months Ended June 30, | | | | | |
| 2025 | 2024 | | Difference | % Change | |
| Net sales | $491.6 | | $468.8 | | $22.8 | 5% |
| Profit | $122.5 | | $114.0 | | $8.5 | 7% |
| % of net sales | 24.9% | | 24.3% | | | |
Table 40 after “The following table presents our Corporate and Other segment's net sales and loss for the second quarter of 2025 and 2024 (dollars in millio”
| For the Three Months Ended June 30, | | | | | |
| 2025 | 2024 | | Difference | % Change | |
| Net sales | $— | | $— | | $— | —% |
| Loss | $(23.7) | | $(24.0) | | $0.3 | 1% |
Table 41 after “The following table provides a summary of our financial results, including information presented as a percentage of net sales:”
| For the Six Months Ended June 30, | | | | | | |
| Dollars (in millions) | Percent Change Fav/(Unfav) | | Percent of Sales | | | |
| 2025 | 2024 | | 2025 | 2024 | | |
| Net sales | $2,573.5 | | $2,498.2 | | 3.0% | 100.0% | 100.0% |
| Cost of goods sold | 1,722.5 | | 1,670.0 | | (3.1) | 66.9 | 66.8 |
| Gross profit | 851.0 | | 828.2 | | 2.8 | 33.1 | 33.2 |
| Selling, general and administrative expenses | 344.6 | | 339.2 | | (1.6) | 13.4 | 13.6 |
| (Gains) losses and other expenses, net | 0.1 | | 7.4 | | 98.6 | — | 0.3 |
First 8 of 11 rows. The download has all of them.
Table 42 after “Losses (gains) and other expenses, net for the six months ended June 30, 2025 and 2024 included the following (in millions):”
| For the Six Months Ended June 30, | | |
| 2025 | 2024 | |
| Foreign currency exchange (gains) losses | $(3.5) | | $2.8 |
| Gain on disposal of fixed assets | (0.3) | | (1.0) |
| Other operating loss | — | | 0.8 |
| Environmental liabilities and special litigation charges | 3.9 | | 4.7 |
| Losses (gains) and other expenses, net (pre-tax) | $0.1 | | $7.4 |
Table 43 after “The following table presents our Home Comfort Solutions segment's net sales and profit for the six months ended June 30, 2025 and 2024 (doll”
| For the Six Months Ended June 30, | | | | | |
| 2025 | 2024 | | Difference | % Change | |
| Net sales | $1,730.7 | | $1,656.9 | | $73.8 | 4% |
| Profit | $372.0 | | $340.6 | | $31.4 | 9% |
| % of net sales | 21.5% | | 20.6% | | | |
Table 44 after “The following table presents our Building Climate Solutions segment's net sales and profit for the six months ended June 30, 2025 and 2024 (”
| For the Six Months Ended June 30, | | | | | |
| 2025 | 2024 | | Difference | % Change | |
| Net sales | $842.8 | | $841.3 | | $1.5 | —% |
| Profit | $176.0 | | $192.2 | | $(16.2) | (8)% |
| % of net sales | 20.9% | | 22.8% | | | |
Table 45 after “The following table presents our Corporate and Other segment's net sales and loss for the six months ended June 30, 2025 and 2024 (dollars i”
| For the Six Months Ended June 30, | | | | | |
| 2025 | 2024 | | Difference | % Change | |
| Net sales | $— | | $— | | $— | —% |
| Loss | $(38.4) | | $(47.5) | | $9.1 | 19% |
Table 46 after “The following table summarizes our cash flow activity for the six months ended June 30, 2025 and 2024 (in millions):”
| For the Six Months Ended June 30, | | |
| 2025 | 2024 | |
| Net cash provided by operating activities | $51.0 | | $161.2 |
| Net cash used in investing activities | (51.6) | | (57.2) |
| Net cash used in financing activities | (368.2) | | (118.3) |
Table 47 after “The following table details our lines of credit and financing arrangements as of June 30, 2025 (in millions):”
| Outstanding Borrowings |
| Commercial paper: | $29.0 |
| Current maturities of long-term debt: | |
| Finance lease obligations | $16.5 |
| Senior unsecured notes | 300.0 |
| Debt issuance costs | (0.1) |
| Total current maturities of long-term debt | $316.4 |
| Long-term debt: | |
First 8 of 13 rows. The download has all of them.
Table 48 after “In the second quarter of 2025, we purchased shares of our common stock as follows:”
| Total Number of Shares Purchased | Average Price Paid per Share (including fees) | | Total Number of Shares Purchased As Part of Publicly Announced Plans | | Approximate Dollar Value of Shares that may yet be Purchased under our Share Repurchase Plans (in millions) (1) | |
| April 1 through April 30 | 52,000 | | $539.55 | | | 52,000 | $378.0 |
| May 1 through May 31 | 300,157 | | $569.81 | | | 300,157 | $1,207.0 |
| June 1 through June 30 | 18,976 | | $554.85 | | | 18,976 | $1,196.5 |
| 371,133 | | | | 371,133 | | |
Table 49 after “Item 6. Exhibits”
| 3.1 | Restated Certificate of Incorporation of Lennox International Inc. (“LII”) (filed as Exhibit 3.1 to LII's Annual Report on Form 10-K filed on February 15, 2022 and incorporated herein by reference). |
| 3.2 | Amended and Restated Bylaws of LII (filed as Exhibit 3.2 to LII's Annual Report on Form 10-K filed on February 15, 2022 and incorporated herein by reference). |
| 4.1 | Indenture, dated as of May 3, 2010, between LII and U.S. Bank National Association, as trustee (filed as Exhibit 4.3 to LII’s Post-Effective Amendment No. 1 to Registration Statement on S-3 filed on May 3, 2010 and incorporated herein by reference). |
| 4.2 | Ninth Supplemental Indenture, dated as of July 30, 2020, among LII, each existing Guarantor under the Indenture, dated as of May 3, 2010, as subsequently supplemented, and U.S. Bank National Association, as trustee (filed as Exhibit 4.2 to LII’s Current Report on Form 8-K filed on July 30, 2020 and incorporated herein by reference). |
| 4.3 | Form of 1.350% Notes due 2025 (filed as Exhibit A in Exhibit 4.2 to LII’s Current Report on Form 8-K filed on July 30, 2020 and incorporated herein by reference). |
| 4.5 | Form of 1.700% Notes due 2027 (filed as Exhibit B in Exhibit 4.2 to LII’s Current Report on Form 8-K filed on July 30, 2020 and incorporated herein by reference). |
| 4.6 | Tenth Supplemental Indenture, dated as of July 14, 2021, among LII, each existing Guarantor under the Indenture, dated as of May 3, 2010, as subsequently supplemented, and U.S. Bank National Association, as trustee (filed as Exhibit 4.7 to LII's Annual Report on Form 10-K filed on February 15, 2022 and incorporated herein by reference). |
| 4.7 | Eleventh Supplemental Indenture, dated as of September 15, 2023, among LII, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee (filed as Exhibit 4.2 to LII's Current Report on Form 8-K filed on September 15, 2023 and incorporated herein by reference). |
First 8 of 22 rows. The download has all of them.