UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

LENNOX INTERNATIONAL INC.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation)		001-15149 (Commission File Number)		42-0991521 (IRS Employer Identification No.)

2140 Lake Park Blvd.
Richardson, Texas 75080
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:
(972) 497-5000

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 2.05     Costs Associated with Exit or Disposal Activities.

     On September 7, 2007, Lennox International Inc. (the “Company”) announced plans to close its hearth products operations in Lynwood, California and consolidate its U.S. factory-built fireplace manufacturing operations in its facility in Union City, Tennessee.

     With the current downturn in the residential new construction market, combined with increasing competition and the need to control costs, the Company believes the consolidation is necessary to increase efficiencies in its hearth products operations and to be more competitive in the future. The consolidation will be a phased process and is expected to be completed by the end of the second quarter of 2008.

     In conjunction with these actions, the Company currently expects to incur restructuring-related charges of approximately $5.4 million pre-tax. Included in these charges are the following estimated costs:

	•		One-time employee termination benefits of approximately $2.5 million consisting primarily of severance and related fringe benefits; and
	•		Other associated costs of approximately $2.9 million, which include (i) loss on disposal of certain long-lived assets of approximately $0.5 million; (ii) relocation costs of approximately $1.1 million primarily for equipment and inventory and (iii) other associated costs of approximately $1.3 million.

     The above estimated costs are expected to result in short-term cash outlays of approximately $4.9 million and non-cash asset write-offs of approximately $0.5 million.

     This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based upon management’s beliefs, as well as assumptions made by and information currently available to management. All statements other than statements of historical fact included in this Form 8-K constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements identified by the words “expects to,” “currently expects” and similar expressions. Actual events or results may differ materially from such forward-looking statements. For information about the factors that could cause such differences, please refer to the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Item 9.01     Financial Statements and Exhibits.

     (c)     Exhibits.

	EXHIBIT NUMBER		DESCRIPTION
	99.1		Press release dated September 7, 2007.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit 99.1

Lennox International consolidates hearth products operations;
closes factory in Lynwood, CA

(DALLAS, September 7) — Lennox International Inc. (NYSE: LII) announced plans to close its hearth products operations in Lynwood, CA and consolidate its U.S. factory-built fireplace manufacturing operations in its facility in Union City, TN. Lennox Hearth Products manufactures and markets LennoxÒ, SuperiorÒ, and SecurityÒ brand factory-built fireplaces, stoves and other hearth products and accessories for the residential new construction and remodeling markets.

The consolidation will be a phased process and is expected to be completed by the end of second quarter 2008, with a projected cost of approximately $5 million. The company expects the consolidation to lead to annual cost reductions of over $2 million beginning in April 2008.

“While leading to difficult decisions involving some of our employees, the consolidation of our fireplace manufacturing and distribution operations in Union City is necessary for us to be more competitive going forward,” said Todd Bluedorn, LII CEO. “The current downturn in the residential new construction market, combined with increasing competition and the need to control costs, make it imperative for us to increase efficiencies in our operations.”

“Given the valuable years of service provided by our employees at the Lynwood facility, this was not an easy decision,” said Wendy Howells, vice president and general manager, Lennox Hearth Products. “We do, however, have a responsibility to address market realities to ensure the long-term health of our company and our ability to keep our customers competitive in the market place. Our top priority during the transition is to minimize any disruption in service and quality to our customers. Fortunately, our Union City facility has a long-standing history of building quality products and being customer responsive.”

Lennox International Inc., through its subsidiaries, is a global leader in the heating, air conditioning, and refrigeration markets. Lennox International stock is traded on the New York Stock Exchange under the symbol “LII.” Additional information is available at: http://www.lennoxinternational.com or by contacting Karen O’Shea, vice president, communications and public relations, at 972-497-5172.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see LII’s publicly available filings with the Securities and Exchange Commission. LII disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.