Lennox International (LII) Risk Factor Changes

From time to time, we may seek to complement or expand our businesses through strategic acquisitions, joint ventures, and strategic relationships.

Our information systems and those of our business partners are important to our business activities.

In addition to the currency exchange risks inherent in operating in foreign countries, our international sales and operations are also sensitive to changes in foreign national priorities, including government budgets,…

External disruptions, including, but not limited to, conflicts, wars, natural disasters (the nature and severity of which may be impacted by climate change), public health crises, terrorist acts, or other civil or pol…

Extraordinary Events Beyond our Control, Including Conflicts, Wars, Natural Disasters, Public Health Crises, Terrorist Acts, or Other Civil or Political Disruptions, Could Negatively Impact our Business, Which May Aff…

Our business may be materially and adversely impacted by changes in U.S.

We cannot predict the extent to which the U.S.

The U.S.

Further, the increased scrutiny of international tax arrangements and continuous changes to countries’ tax legislation may also affect the policies and decisions of tax authorities with respect to certain income tax a…

There continues to be a lack of consistent climate legislation and regulations, which creates economic and regulatory uncertainty.

In addition, for some of our HVACR products, we provide warranty terms ranging from one to 20 years to customers for certain components such as compressors or heat exchangers.

our supply requirements, including suffering any disruptions at its facilities or in its supply chain, we could experience supply interruptions or cost increases, either of which could have an adverse effect on our re…

Recent technological advances in artificial intelligence (“AI”) and machine-learning technology both present opportunities and pose risks to us.

We are committed to attracting, motivating, developing, and retaining our employees to remain an employer of choice.

Third parties may also claim that we are infringing upon their intellectual property rights.

Further, even with all of our facilities running at full production, we could potentially be unable to fully meet demand during an unanticipated period of exceptionally high demand.

Our future success depends on our continued investment in research and new product development as well as our ability to commercialize new HVACR technological advances in domestic and global markets.

Substantially all of the markets in which we operate are competitive.

result in loss of business, regulatory penalties, litigation, and/or reputational damage.

November 1, 2021; however, the results of future negotiations with unions are uncertain.

could result in a disruption of our services, improper disclosure of personal data or confidential information, or online fraud or cybertheft, which could harm our reputation, require us to expend resources to remedy…

our customers to make payments to us.

changes in our tax reserves for our historic or future tax positions and transfer pricing policies, which could significantly adversely impact our effective tax rates and financial results.

We depend on raw materials, such as steel, copper and aluminum, and components purchased from third parties to manufacture our products.

selling certain of our products.

Lennox operates a direct-to-dealer network, meaning we manufacture products and sell them directly to select, independent home service companies.

whether accurate or inaccurate, could damage our reputation and relationships with our customers and suppliers, cause customers and suppliers to terminate their relationship with us, or impair our ability to effective…