Lennox adds Tracy Embree to board of directors

DALLAS - Lennox International Inc. (NYSE: LII), a prominent provider of climate-control solutions with a market capitalization of $20.1 billion, has announced the appointment of Tracy Embree to its board of directors, effective as of last Saturday. The company, which generated revenues of $5.4 billion in the last twelve months, is currently trading near its InvestingPro Fair Value. Embree brings a wealth of experience from her tenure as President of Otis Americas, a leading company in the elevator and escalator industry.

Lennox Board Chair Todd Teske expressed enthusiasm about Embree’s addition to the board, highlighting her extensive background in industrial strategy, emerging technologies, and sustainable solutions. Teske believes her operational expertise will be a significant asset to the board, joining a company that has maintained strong financial health with a 131% return on equity and consistently growing dividends for 15 consecutive years.

Karen Quintos, Chair of Lennox’s Board Governance Committee, echoed Teske’s sentiments, pointing out that Embree’s leadership skills and strategic growth experience are well-aligned with Lennox’s strategies. The appointment is part of the company’s ongoing efforts to introduce fresh perspectives and prepare for future leadership transitions.

Embree’s professional history includes 23 years at Cummins Inc., where she held various global leadership roles, including President of the Distribution Business. In addition to her recent role at Otis Americas, she served on the Louisiana-Pacific Corporation Board of Directors for a decade and is a founding member of Extraordinary Women on Boards (EWOB).

With an academic background that includes a bachelor’s degree in chemical engineering from the Massachusetts Institute of Technology and an MBA from Harvard Business School, Embree’s educational credentials complement her extensive professional experience.

Lennox is known for its commitment to sustainability, focusing on creating comfortable and healthier environments for its residential and commercial customers while minimizing their carbon footprint. The company continues to lead in innovation with its energy-efficient heating, cooling, indoor air quality, and refrigeration systems.

This appointment reflects Lennox’s strategic approach to governance and its dedication to incorporating diverse, qualified voices in its leadership structure. The information regarding Tracy Embree’s board appointment is based on a press release statement from Lennox International Inc. For deeper insights into Lennox’s financial health and governance metrics, InvestingPro subscribers can access comprehensive analysis, including 11 additional ProTips and detailed financial metrics in the Pro Research Report, part of the coverage available for 1,400+ US stocks.

In other recent news, Lennox International Inc. reported its first-quarter earnings for 2025, surpassing Wall Street expectations with an adjusted EPS of $3.37, compared to the forecasted $3.20. Revenue for the quarter grew by 2% year-over-year, reaching $1.1 billion. Despite this positive earnings surprise, the company’s segment margin decreased by 140 basis points to 14.5%. Additionally, Lennox has announced a 13% increase in its quarterly dividend, raising it from $1.15 to $1.30 per share, alongside a $1 billion expansion of its stock repurchase program. In a strategic financial move, Lennox has also refinanced its credit facility, reducing its total revolving commitments from $1.1 billion to $1 billion and extending the maturity date to May 2030.

Analyst activity around Lennox has been notable, with RBC Capital Markets adjusting its price target for Lennox shares to $582, maintaining a Sector Perform rating. Meanwhile, Oppenheimer upgraded Lennox’s stock rating to Outperform from Perform, setting a new price target of $600, reflecting confidence in the company’s ability to navigate short-term challenges. Lennox’s Building Comfort Solutions division faced revenue and margin challenges, attributed to factors like new factory inefficiencies and tariff-related cost pressures. The company plans to implement price increases and targeted surcharges to maintain its financial outlook, while also decreasing reliance on sourcing from China.

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