LENNOX INTERNATIONAL INC Earnings Per Share Disclosure
| For the Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 As Adjusted | 2023 As Adjusted | |||||||||||||||
| Net income | $ | 805.8 | $ | 811.1 | $ | 591.2 | |||||||||||
| Weighted-average shares outstanding – basic | 35.2 | 35.6 | 35.5 | ||||||||||||||
| Add: Potential effect of diluted securities attributable to stock-based payments | 0.2 | 0.2 | 0.2 | ||||||||||||||
| Weighted-average shares outstanding – diluted | $ | 35.4 | $ | 35.8 | $ | 35.7 | |||||||||||
Earnings per share - Basic(1): | $ | 22.89 | $ | 22.78 | $ | 16.65 | |||||||||||
Earnings per share - Diluted(1): | $ | 22.79 | $ | 22.66 | $ | 16.58 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 11, 2025 | |
| 2023 | Feb 13, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 15, 2022 | |
| 2020 | Feb 16, 2021 | |
| 2019 | Feb 18, 2020 | |
| 2018 | Feb 19, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 21, 2017 | |
| 2015 | Feb 16, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.