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Lennox falls after cutting 2026 profit forecast

By Reuters News

** Shares of climate control solutions provider Lennox International LII.N fall about 7% to $346.46 in premarket trading

** Lennox lowers annual profit forecast as competitive pressures and persistent cost inflation weigh on margins

** LII cuts 2026 adjusted profit forecast to between $21 and $21.50/share from prior forecast of $23 and $24/share

** Co posts Q3 adjusted profit of $6.84/share vs. analysts' average estimate of $7.36/share - data compiled by LSEG

** It reports Q3 net sales of $1.57 billion, below analysts' estimates of $1.58 billion

** As of last close, stock has fallen 23.4% YTD

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