Lennox, a global leader in climate solutions, celebrated its 25th anniversary of going public by ringing the closing bell at the New York Stock Exchange (NYSE) on July 29.
Since its IPO in 1999, Lennox has evolved from a regional HVAC manufacturer to a leading global player in heating, refrigeration, and commercial cooling technologies. The company has become synonymous with reliability in the residential and commercial markets.
“Our legacy is built on a relentless pursuit of innovation and an unwavering commitment to excellence,” said Lennox CEO Alok Maskara. He emphasized the company's focus on shareholder and customer value as the HVACR industry continues to evolve.
Lennox continues to lead in sustainability by developing high SEER-rated products and advanced technologies. The company has received multiple awards, such as the Dealer Design, GOOD Design, and Green Builder Sustainable Product awards, and recently secured the most Gold Product awards in the Dealer Design Awards program.
Financially robust, Lennox has achieved double-digit ROS increases and EPS growth over six consecutive quarters. The company's Self-Help Strategic Transformation has driven margin growth, with current plans centered on accelerating growth due to high product and service demand.
The NYSE closing bell ceremony underscored Lennox's long-standing commitment to shareholder value, innovation, and sustainability.
