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home / news releases / DKILY - Lennox Pushing A Stronger-For-Longer Case In Residential HVAC

DKILY - Lennox Pushing A Stronger-For-Longer Case In Residential HVAC

Daikin Industries Ltd. ADR
  • Lennox posted better-than-expected revenue in the second quarter, with strong ongoing growth in the residential business, but some disappointments in commercial and refrigeration margins.
  • Management is trying to make a case for a longer, stronger residential HVAC cycle, including contributions from shorter equipment lives driven by increased use from work-at-home trends.
  • It's possible to argue for some upside on the basis of EV/EBITDA, but Lennox shares don't look fundamentally cheap to me.

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Lennox Pushing A Stronger-For-Longer Case In Residential HVAC
Stock Information
Company Name: Daikin Industries Ltd. ADR
Stock Symbol: DKILY
Market: OTC
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