[US Stock Movement] Lennox shares plummet on October 28: Earnings miss expectations, downgraded guidance, and cost pressure

Lennox October 28 Major Drop Interpretation

Keywords: earnings below expectations, guidance lowered, cost pressures

1. On October 28, the company announced adjusted earnings per share of $6.84 for the third quarter, a 7% year-on-year decrease, falling short of analysts' expectations; segment profits decreased by 2% year-on-year, and segment profit margin declined by 240 basis points.

2. On October 28, the company lowered its 2026 adjusted earnings per share guidance from $23–$24 to $21–$21.50, and also reduced its full-year sales forecast; the company stated that intensified competition, continued inflation, and tariff-related costs squeezed profits, leading to declining profit margins in the residential business segment.

(Disclaimer: This content is collected and summarized from public information by AI technology for reference only and does not constitute investment advice.)