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Profile: Lennox International Inc (LII.N)

LII.N on New York Stock Exchange

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Lennox International Inc., incorporated on August 13, 1991, is a 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 through 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 manage indoor air quality, comfort control products, replacement parts and supplies and related products for both the residential replacement and new construction markets in North America. As of December 31, 2016, 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's Lennox PartsPlus stores provide an access solution for contractors and independent dealers to obtain 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, and also builds evaporator coils under the Lennox brand and Allied Air Enterprise brands. As of December 31, 2016, ADP sold its ADP branded evaporator coils to over 400 HVAC wholesale distributors across North America.

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 ranging from 1.5 to 20 tons of cooling capacity. These products are distributed primarily through commercial contractors and directly to national account customers. It offers 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 up to 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. It manufactures heating and cooling products in various locations in Europe and markets these products through both direct and indirect distribution channels in Europe, Russia, Turkey and the Middle East.

Refrigeration

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, OEMs and end users. Its 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 cooling applications. It 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 turnkey 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. As of December 31, 2016, in Australia and New Zealand, the Company had 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 United Technologies Corp., Ingersoll-Rand plc, Paloma Industries, Inc., Johnson Controls, Inc., Daikin Industries, Ltd., Melrose Industries PLC, AAON, Inc., Hussmann Corporation, Emerson Electric Co., GEA Group, Alfa Laval, Guntner GmbH and Panasonic Corp.

Company Address

Lennox International Inc

2140 Lake Park Blvd
RICHARDSON   TX   75080
P: +1972.4975000
F: +1302.6365454

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