Lennox’s residential HVAC business improved in the second quarter but remained down year over year, as the company pulled back from low-margin new construction business and focused more heavily on the add-on/replacement market. While still negative, that was an improvement from the first quarter, when residential volumes dropped 21% and revenue declined 10%. Replacement demand held up better, said Maskara, and Lennox gained a small amount of residential replacement share during the past 12 months. Pricing And TariffsPricing and favorable product mix contributed 3% to residential revenue, partially offsetting the decline in volume, said Quenzer. Excluding residential new construction, Maskara said Lennox has generally been able to offset higher inflation through pricing while remaining competitive.