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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549


FORM 10-Q


☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2022

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____to ______

Commission file number 001-15149


LENNOX INTERNATIONAL INC**.**

Incorporated pursuant to the laws of the State of Delaware


Internal Revenue Service Employer Identification No. 42-0991521

2140 LAKE PARK BLVD., RICHARDSON, Texas, 75080

(972-497-5000)


Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.01 par value per shareLIINew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer☒Accelerated Filer☐
Non-Accelerated Filer☐Smaller Reporting Company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of April 15, 2022, the number of shares outstanding of the registrant’s common stock, par value $0.01 per share, was 35,909,160.

LENNOX INTERNATIONAL INC.

FORM 10-Q

For the three months ended March 31, 2022

INDEX

Page
Part IFinancial Information
Item 1. Financial Statements
Consolidated Balance Sheets - March 31, 2022 (Unaudited) and December 31, 20211
Consolidated Statements of Operations (Unaudited) - Three Months Ended March 31, 2022 and 20212
Consolidated Statements of Comprehensive Income (Unaudited) - Three Months Ended March 31, 2022 and 20213
Consolidated Statements of Stockholders' Deficit (Unaudited) - Three Months Ended March 31, 2022 and 20214
Consolidated Statements of Cash Flows (Unaudited) - Three Months Ended March 31, 2022 and 20215
Notes to Consolidated Financial Statements (Unaudited)6
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations19
Item 3. Quantitative and Qualitative Disclosures About Market Risk25
Item 4. Controls and Procedures26
Part IIOther Information
Item 1. Legal Proceedings26
Item 1A. Risk Factors26
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds26
Item 6. Exhibits27

i

Part I - Financial Information

Next: Item 1. Financial Statements