DKILY - Lennox Leveraging Incredibly Strong Residential HVAC Demand

• Residential HVAC demand has been very strong in the U.S., spurred by both replacement and new construction demand, and housing growth should stay above trend for a while longer.
• Lennox isn't particularly well-leveraged to commercial retrofits, as the company's business is skewed to smaller installations and the company lacks significant controls and aftermarket offerings.
• The market already anticipates well above average growth and high expectations could be an increasing challenge as comps get tougher later in 2021.

For further details see: