Richardson-based climate control solutions provider Lennox has been included in the S&P 500, a milestone it said recognizes the company’s sustained growth, innovation, and dedication to delivering advanced heating, ventilation, air conditioning, and refrigeration systems.

Lennox said the index is recognized as the single best gauge of the U.S. large-cap market and measures the performance of 500 of the leading companies spanning all sectors of the U.S stock market.

“Joining the S&P 500 is a testament to the success of our growth strategy and the trust placed in Lennox by our stakeholders,” Lennox CEO Alok Maskara said in a statement.

“As we celebrate 130 years of industry leadership, this recognition highlights the strength of our team, the transformation of our company, and the enduring legacy of our core values: Integrity, Respect, and Excellence,” Maskara added.

“This achievement would not have been reached without the dedication of our talented team,” he said, “We look forward to continuing to advance innovation in our industry and drive growth.”

Lennox said that inclusion in the index is determined by factors such as market capitalization, financial performance, and overall contribution to the economy. Those factors underscore Lennox’s success in delivering value to shareholders and driving innovation, the company said.

Lennox said it’s dedicated to sustainability and creating comfortable and healthier environments for its residential and commercial customers while reducing their carbon footprint.

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