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 operates in three reportable business segments of the heating, ventilation, air conditioning and refrigeration (HVACR) industry. Its reportable segments are Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Residential Heating & Cooling

The products and services under this segment consists of Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts. Its market consists of Residential Replacement and Residential New Construction in United States and Canada. These products are available in a variety of designs and efficiency levels and at a range of price points, and are intended to provide a complete line of home comfort systems. 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 full line of heating and air conditioning products and are sold through independent distributors in North America. The Company has 130 Lennox PartsPlus stores across the United States and Canada. The Company’s 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 full line of evaporator coils to Allied Air Enterprise.

Commercial Heating & Cooling

The products and services under this segment consists of Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment. Its market consists of Light Commercial in United States, Canada and Europe. In North America, it 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. 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. Its 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 market these products through both direct and indirect distribution channels in Europe, Russia, Turkey and the Middle East.

Refrigeration

The products and services under this segment consists of Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems. Its market consists of Light Commercial; Food Preservation; Non-Food/Industrial in United States, Canada, Europe, Asia Pacific and South America. It 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 globally. 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 wide variety of industrial processes, including data centers, cogeneration, machine tooling, and other critical cooling applications. 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. The Company has manufacturing locations in Germany, France, Brazil and China. In Australia and New Zealand, the Company’s wholesale distribution business is serving the refrigeration and HVAC industry with more than 70 locations serving to its customers, which also includes the sale of refrigerant. In addition, it owns a 50% common stock interest in a joint venture in Mexico that produces unit coolers, air-cooled condensers, condensing units, compressors and compressor racks of the same design and quality as those manufactured by its United States business.

The Company competes with United Technologies Corp, Ingersoll-Rand plc, Paloma Industries, Inc., Johnson Controls, Inc., Nortek, Inc., Daikin Industries, Ltd., Hussmann Corporation, Rheem Manufacturing Company, 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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