Lennox International vs Carrier Global
Side-by-side comparison of AI visibility scores, market position, and capabilities
Richardson TX North America HVACR manufacturer (NYSE: LII, S&P 500 Dec 2024) at $5.3B 2024 revenue (+16.47%); 14,200 employees with residential dealer network competing with Carrier and Trane for US HVAC replacement market.
About
Lennox International Inc. is a Richardson, Texas-based manufacturer and marketer of heating, ventilation, air conditioning, and refrigeration (HVACR) products — publicly traded on the New York Stock Exchange (NYSE: LII) as an S&P 500 component (added December 2024) — generating $5.3 billion in revenue for fiscal 2024 (+16.47% year-over-year) with approximately 14,200 employees. The company operates through two primary segments: Residential HVAC (67% of 2024 sales, selling under Lennox, Armstrong Air, Allied, AirEase, Ducane, and Concord brands through dealer networks) and Commercial HVAC and Refrigeration (33% of sales, including Heatcraft commercial refrigeration through Bohn and Larkin brands). In late 2023, Lennox completed the strategic sale of its European HVAC and refrigeration businesses to focus exclusively on North America. CEO Alok Maskara has led the company since May 2022. The company traces its roots to 1895 when Dave Lennox accepted the patent for a riveted steel coal furnace in Marshalltown, Iowa.
HVAC leader transformed by $13.2B Viessmann heat pump acquisition 2024; data center cooling growth; EU building decarbonization tailwind; Chubb/refrigeration divested for pure HVAC focus.
About
Carrier Global is a leading global provider of HVAC, refrigeration, and intelligent building solutions, spun off from United Technologies Corporation in April 2020 and headquartered in Palm Beach Gardens, Florida. The company trades on NYSE (CARR) and generated approximately $22 billion in revenues for FY2024 under CEO David Gitlin, who has executed a major portfolio transformation: the $13.2 billion acquisition of Viessmann Climate Solutions—Germany's leading heat pump and home energy management systems manufacturer—closed in January 2024, while Carrier simultaneously divested its Chubb fire and security business and commercial refrigeration segment, sharpening focus on HVAC and climate solutions for residential and commercial buildings.
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