Profile: Lennox International Inc (LII)
24 Feb 2017
Lennox International Inc. (LII), incorporated on August 13, 1991, is a global provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration. The Company sells its products and services through a combination of direct sales, distributors and company-owned parts and supplies stores. Its products and services are sold through various distribution channels under various brand names.
Residential Heating & Cooling
The Company manufactures and markets a range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment and accessories to improve indoor air quality, comfort control products, replacement parts and related products for both the residential replacement and new construction markets in North America. The Lennox and Aire-Flo brands are sold directly to a network of approximately 7,000 independent installing dealers. The Allied Air Enterprise brands (Armstrong Air, Air-Ease, Concord, Ducane and Magic-Pak) include a line of heating and air conditioning products and are sold through independent distributors in North America.
The Company is engaged in growing its network of approximately 190 Lennox PartsPlus stores across the United States and Canada. These stores provide an access solution for contractors and independent dealers to obtain universal service and replacement parts, supplies, convenience items, tools, Lennox equipment and original equipment manufacturer (OEM) parts. Its Advanced Distributor Products (ADP) operation builds evaporator coils and air handlers under the ADP Advanced Distributor Products brand, as well as the Lennox brand. ADP sells its own ADP branded evaporator coils to over 400 HVAC wholesale distributors across North America, as well as a line of evaporator coils to Allied Air Enterprise.
The Company competes with United Technologies Corp., Ingersoll-Rand plc, Paloma Industries, Inc., Johnson Controls, Inc., Daikin Industries, Ltd. and Nortek, Inc.
Commercial Heating & Cooling
In North America, the Company manufactures and sells unitary heating and cooling equipment used in light commercial applications, such as low-rise office buildings, restaurants, retail centers, churches and schools. The Company's product offerings for these applications include rooftop units ranging from 2 to 50 tons of cooling capacity and split system/air handler combinations, which range from 1.5 to 20 tons of cooling capacity. These products are distributed primarily through commercial contractors and directly to national account customers. It also includes Lennox-branded variable refrigerant flow (VRF) commercial products through Lennox company-owned distribution. Its National Account Services (NAS) provides installation, service and preventive maintenance for commercial HVAC national account customers in the United States and Canada.
In Europe, the Company manufactures and sells unitary products, which range from 2 to 70 tons of cooling capacity, and applied systems with approximately 200 tons of cooling capacity. The Company's European products consist of small package units, rooftop units, chillers, air handlers and fan coils that serve medium-rise commercial buildings, shopping malls, other retail and entertainment buildings, institutional applications and other field-engineered applications. The Company manufactures heating and cooling products in several locations in Europe and markets these products through both direct and indirect distribution channels in Europe, Russia, Turkey and the Middle East.
The Company competes with United Technologies Corp., Ingersoll-Rand plc, Paloma Industries, Inc., Johnson Controls, Inc., Daikin Industries, Ltd., Nortek, Inc. and AAON, Inc.
The Company manufactures and markets equipment for the global commercial refrigeration markets under the Heatcraft Worldwide Refrigeration name. The Company sells these products to distributors, installing contractors, engineering design firms, original equipment manufacturers and end-users. Its global manufacturing, distribution, sales and marketing footprint serves customers in over 70 countries across the world. The Company's commercial refrigeration products for the North American market include condensing units, unit coolers, fluid coolers, air-cooled condensers, air handlers, display cases and refrigeration rack systems. These products preserve food and other perishables in supermarkets, convenience stores, restaurants, warehouses and distribution centers. In addition, its products are used to cool a range of industrial processes, including data centers, machine tooling and other critical cooling applications. The Company provides application engineering for consulting engineers, contractors, store planners, end customers and others to support the sale of commercial refrigeration products. In addition to providing refrigeration systems and display cases, it also provides installations for its supermarket customers in Mexico.
In international markets, the Company manufactures and markets refrigeration products, including condensing units, unit coolers, air-cooled condensers, fluid coolers, compressor racks and industrial process chillers. It has manufacturing locations in Germany, France, Brazil and China. In Australia and New Zealand, the Company is has a wholesale distribution business serving the HVACR industry with over 60 locations serving its customers, which also includes the sale of refrigerant. In addition, the Company owns a common stock interest in a joint venture in Mexico that produces unit coolers, air-cooled condensers, condensing units, compressors and compressorized racks.
The Company competes with Hussmann Corporation, Paloma Industries, Inc., Emerson Electric Co., United Technologies Corp., GEA Group, Alfa Laval, Guntner GmbH and Panasonic Corp.
Lennox International Inc
2140 Lake Park Blvd
RICHARDSON TX 75080
Company Web Links
- BRIEF-Lennox internationalwithdrew from presenting at barclays industrial select conference
- BRIEF-Lennox International Q4 adj EPS $1.50 from cont operations
- BRIEF-Lennox international prices offering of $350 mln of 3 pct notes due 2023
- BRIEF-Lennox International Q3 adjusted earnings per share $2.33 from cont ops
- BRIEF-Lennox enters into a sixth amended, restated credit facility agreement