Lennox International

Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories. The Commercial Heating & Cooling segment sells unitary heating and cooling equipment used in light commercial applications. The Refrigeration segment includes retail equipment for the commercial refrigeration market including condensing unit, unit coolers, fluid, coolers, air cooled condensers, supermarket display cases, and systems. The company was founded by Dave Lennox in 1895 and is headquartered in Richardson, TX.

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Earnings data Q4 2024

Lennox International reports robust Q4 performance and strategic growth outlook

Lennox International (LII) delivered a strong performance in Q4 2022, with record revenues and profit in key segments.
Despite challenges in maintaining growth momentum and increased capital spending, the company remains focused on strategic initiatives.
Opportunities lie in new product launches, commercial profit recovery, and strategic divestitures for future growth.
Overall, Lennox is well-positioned to navigate challenges and capitalize on opportunities in 2023.

Lennox International reports record earnings, focuses on margin recovery

Lennox International maintains full-year financial guidance with a focus on margin recovery.
Company aims to improve inventory turns and optimize margins through pricing actions.
Preparation for 2025 transition with investments in service levels and product mix.

Lennox International achieves record Q2 results, eyes growth opportunities

Lennox International's Q2 2023 performance reflects a mixed segment outlook, with strong commercial results and residential challenges. Strategic initiatives and investments in the refrigerant transition position the company for future growth.

Lennox International (LII) reports record Q3 performance and eyes growth

Lennox International (LII) delivered strong financial performance in Q3 2023, driven by record revenue and profit across residential and commercial segments.
The company's strategic moves, including the acquisition of AES and pricing initiatives, position it well for future growth and margin improvement.
While facing challenges such as seasonal impacts and absorption headwinds, Lennox remains optimistic about its outlook, focusing on operational excellence and market effectiveness.

Lennox International posts robust Q4 earnings, eyes growth opportunities

Lennox International (LII) delivered strong financial results in Q4 2023, with significant growth in adjusted EPS and core revenue, setting a positive tone for 2024.
The company's focus on operational excellence, strategic investments, and long-term financial goals positions it well for sustained growth and market leadership.
While facing challenges in the market environment, Lennox International remains confident in its ability to navigate uncertainties and drive profitability through effective cost management and growth strategies.
Opportunities for expansion through industry consolidation, international markets, and product innovations present avenues for future growth and enhanced shareholder value.

Lennox International reports record Q1 profits and strategic growth

Lennox International (LII) had a strong Q1 2024 with record profit margins and growth in adjusted earnings per share.
The company is well-prepared for industry transitions and is focused on improving distribution and expanding its market presence.
While facing working capital challenges and pricing pressures, Lennox sees opportunities in product efficiency and commercial segment growth.
Overall, Lennox's performance in Q1 sets a positive tone for the year ahead with revised fiscal guidance and strategic initiatives in place.

Lennox International (LII) reports robust Q2 earnings and strategic growth outlook

Lennox International (LII) delivered strong financial performance in Q2 2024, with a focus on revenue growth, margin expansion, and strategic partnerships. The company remains optimistic about growth opportunities and is actively addressing challenges such as market transitions and investments. Analyst inquiries during the earnings call highlighted a keen interest in the company's performance metrics and future outlook.

Lennox International achieves record Q3 results, eyes market opportunities

Lennox International's Q3 2024 performance reflects a strong financial position, driven by revenue growth, operational efficiency, and strategic investments.
While challenges exist in sales mix alignment and market transitions, the company's proactive stance on market trends and opportunities bodes well for future growth.
By focusing on optimizing operations, embracing market shifts, and capitalizing on identified opportunities, Lennox is poised for continued success and value creation.

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Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following segments: Home Comfort Solutions, Building Climate Solutions, and Corporate and Other. The Home Comfort Solutions segment is involved in furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts, and supplies. The Building Climate Solutions segment consists of unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, and compressor racks. The Corporate and Other segment refers to the unitary heating and air conditioning equipment, chillers, air handlers, fan coils, fluid coolers, and compressor racks. The company was founded by Dave Lennox in 1895 and is headquartered in Richardson, TX.

Lennox International Inc. (LII) Q1 2023 Earnings Call Transcript.

Lennox International Inc. (LII) Q1 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Lennox (LII) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Lennox (LII) Q1 Earnings

Lennox International (LII) came out with quarterly earnings of $2.83 per share, beating the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.36 per share a year ago.

Lennox International (LII) Beats Q1 Earnings and Revenue Estimates

______________________________________________________________________________ Q1 Highlights (All comparisons are year-over-year, unless otherwise noted) Revenue $1.05 billion; core revenue excluding European Operations up 3% to $990 million Operating Income $140 million; adjusted segment profit up 20% to $142 million GAAP diluted EPS $2.75; adjusted diluted EPS up 15% to $2.83 Reiterating 2023 outlook: core revenue flat to up 4%, EPS $14.25-$15.25 _____________________________________________________________________________ DALLAS , April 27, 2023 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, today reported first quarter record revenue of $1.05 billion in the quarter. Operating income was a record $140 million.

Lennox Reports Record First Quarter Results

Snap-on

Both Snap-on and Lennox have raised their dividends for 13 consecutive years. Each stock's dividend uses less than 35% of its net income.

Got $1,000? 2 Wildly Undervalued Dividend Stocks to Buy and Hold Forever

High inventory costs reduced operating cash flows in 2022. Lennox International may struggle to grow revenues in 2023, but cash flows should improve as it sells its inventory.

Lennox International: A Solid Long-Term Holding At The Right Valuation

RICHARDSON, Texas , April 6, 2023 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, will report first quarter 2023 financial results before the market opens on Thursday, April 27, 2023. An earnings conference call and webcast is scheduled for the same day at 8:30 a.m.

Lennox Schedules First Quarter Conference Call and Publishes 2022 Annual Report

AAON

Despite the pandemic-induced challenges, Zacks Building Products - Air Conditioner & Heating industry stocks like LII and AAON are likely to gain from an improved non-residential market, pro-environmental moves and technological development.

2 Air Conditioner & Heating Stocks From a Challenging Industry

RICHARDSON, Texas , Feb. 14, 2023 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, today announced that CEO Alok Maskara is scheduled to present at the Barclays Industrial Select Conference in Miami, Florida, on Thursday, February 23, beginning at 11:30 a.m. Eastern time.

Lennox to Present at the Barclays Industrial Select Conference in Miami, Florida

RICHARDSON, Texas , Feb. 7, 2023 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, today announced that CFO Joe Reitmeier is scheduled to present at the Cowen 44th Annual Aerospace/Defense & Industrials Conference in Arlington, Virginia, on Wednesday, February 15, beginning at 11:30 a.m. Eastern time.

Lennox to Present at the Cowen 44th Annual Aerospace/Defense & Industrials Conference in Arlington, Virginia

The Lennox Rooftop Series, now complete with the launch of Enlight™ and Xion™, provides powerful new product lines engineered to fit any application. RICHARDSON, Texas , Feb. 2, 2023 /PRNewswire/ -- Lennox, a leader in the commercial rooftop HVAC market, enhances its comprehensive selection of top-performing packaged rooftop units with the introduction of the Enlight™ and Xion™ product lines.

Lennox Commercial Sets New Standard for Performance, Efficiency and Serviceability in Packaged Rooftop Units with New Products

Lennox International Inc. (NYSE:LII ) Q4 2022 Results Conference Call January 31, 2023 9:30 AM ET Company Participants Alok Maskara - CEO Joe Reitmeier - EVP, CFO Conference Call Participants Gautam Khanna - Cowen Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Steve Tusa - JPMorgan Julian Mitchell - Barclays Jeff Hammond - KeyBanc Operator Welcome to the Lennox International Fourth Quarter 2022 Earnings Conference Call. All lines are currently in a listen only mode, and there will be a question and answer session at the end of the presentation [Operator Instructions].

Lennox International Inc. (LII) Q4 2022 Earnings Call Transcript

Lennox (LII) delivered earnings and revenue surprises of 3.14% and 0.64%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Lennox International (LII) Q4 Earnings Top Estimates

______________________________________________________________________________ Highlights (All comparisons are year-over-year, unless otherwise noted) Fourth quarter 2022 revenue up 13% to record $1.1 billion, GAAP EPS up 17% to $2.65, adjusted EPS up 12% to $2.63 Full year 2022 revenue up 13% to record $4.7 billion, GAAP EPS up 12% to record $13.88, and adjusted EPS up 12% to record $14.07 Reiterating 2023 outlook with core revenue flat to up 4% and EPS of $14.25-$15.25 ______________________________________________________________________________ DALLAS , Jan. 31, 2023 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, today reported fourth quarter record revenue of $1.09 billion in the quarter, up 13%. GAAP operating income was $132 million, up 35%.

Lennox Reports Record Revenue and EPS for Full Year 2022

The Lennox S40 Smart Thermostat unlocks the full potential of Lennox® heating and cooling systems while optimizing comfort and energy savings for homeowners RICHARDSON, Texas , Jan. 18, 2023 /PRNewswire/ -- Lennox Industries, a trusted home comfort solutions and energy efficiency innovator for over 127 years, announced the latest additions to its industry-leading suite of smart products with the launch of the Lennox S40 Smart Thermostat and accessories, including the Lennox Smart Air Quality Monitor and the Lennox Smart Room Sensor. With 82% of homeowners saying they prioritize good air quality in their homes more now compared to a year ago, indoor air quality continues to be an increasingly important consideration for homeowners.1 The Lennox S40 Smart Thermostat and accessories go beyond "smart" to ensure the most perfect air and peace of mind for homeowners by detecting air pollutants, customizing comfort by room, providing maintenance reminders and service alerts, and more.

Lennox Industries Introduces Groundbreaking Smart Home Innovation

DALLAS , Jan. 16, 2023 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a leader in energy-efficient climate-control solutions, will report fourth quarter and full year 2022 financial results before the market opens on Tuesday, January 31, 2023. An earnings conference call and webcast is scheduled for the same day at 8:30 a.m.

Lennox Schedules Fourth Quarter Conference Call

The Lennox SL25XPV heat pump is named one of the Best Building Materials of 2022 RICHARDSON, Texas , Jan. 9, 2023 /PRNewswire/ -- With a 127-year legacy of industry leadership in energy efficiency and innovative climate control solutions, Lennox Industries has been recognized with a 2022 GOOD DESIGN Award in the Building Materials category for its Dave Lennox Signature® Collection SL25XPV heat pump. Presented by The Chicago Athenaeum: Museum of Architecture and Design and Metropolitan Arts Press Ltd.

Lennox Industries Wins 2022 GOOD DESIGN® Award for Cutting-Edge Heat Pump Technology

DALLAS , Dec. 14, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a leader in energy-efficient climate-control solutions, today announced 2023 financial guidance and long-term financial targets for 2026. For the full year of 2023, the company expects: Core revenue growth of 0-4%, excluding the impact of the planned divestiture of the European operations GAAP and adjusted EPS of $14.25-$15.25 Corporate expenses of approximately $80 million Interest expense of $55-$60 million An effective tax rate of 19-21% on an adjusted basis Capital expenditures of approximately $250 million, including investments in the new Commercial manufacturing facility and investments for the upcoming refrigerant regulatory transition Cash from operations of $500-$600 million and free cash flow of $250-$350 million Stock repurchases of $100-$200 million A weighted average diluted share count of 35-36 million shares The company also introduced its long-term financial targets for 2026: Core revenue of $5.0-$5.5 billion EBIT return on sales margin of 18-20% Free cash flow 90-100% of net income on average for 2023-2026 CEO Alok Maskara said, "For 2023, Lennox expects residential unit softness to be overcome by the cumulative impact of price, mix and productivity to deliver growth in revenue, margin and EPS.

Lennox Announces 2023 Financial Guidance and Long-Term Targets for 2026

DALLAS , Dec. 9, 2022 /PRNewswire/ -- The board of directors of Lennox International Inc. (NYSE: LII) voted to declare a quarterly cash dividend of $1.06 per share of common stock. The dividend is payable on January 13, 2023, to stockholders of record as of December 30, 2022.

Lennox International Declares Quarterly Dividend and Announces Annual Meeting

Gary Bedard appointed as President of the Residential segment; Doug Young, current President, retiring after a distinguished 24-year career Company exploring strategic alternatives for the Refrigeration segment's European operations Refrigeration to be consolidated with the Commercial segment to accelerate productivity and growth DALLAS , Nov. 17, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a leader in energy-efficient climate control solutions, today announced the appointment of Gary Bedard as President of the Residential business segment, effective January 1, 2023. Bedard succeeds Doug Young, who is retiring following a distinguished 24-year career at the company.

Lennox Announces Key Leadership and Portfolio Changes

DALLAS , Nov. 11, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a leader in energy-efficient climate-control solutions, today announced that CEO Alok Maskara is scheduled to present at the Deutsche Bank 2022 Industrials Conference in New York City on Tuesday, November 15 at 9:15 a.m. Eastern. Presentation materials and a link to the live webcast can be accessed on the company's website at www.lennoxinternational.com.

Lennox International to Present at the Deutsche Bank 2022 Industrials Conference in New York

DALLAS , Nov. 3, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a leader in energy-efficient climate-control solutions, today announced that CEO Alok Maskara and CFO Joe Reitmeier are scheduled to present at the Baird 2022 Global Industrial Conference in Chicago on Tuesday, November 8 at 9:40 a.m. Presentation materials and a link to the live webcast can be accessed on the company's website at www.lennoxinternational.com.

Lennox International to Present at the Baird 2022 Global Industrial Conference in Chicago

Lennox International Inc. (NYSE:LII ) Q3 2022 Earnings Conference Call October 27, 2022 9:30 AM ET Corporate Participants Steve Harrison - Vice President, Investor Relations Alok Maskara - Chief Executive Officer Joe Reitmeier - Chief Financial Officer Conference Call Participants Gautam Khanna - Cowen Jeff Hammond - KeyBanc Nicole DeBlase - Deutsche Bank Julian Mitchell - Barclays Jeff Sprague - Vertical Research Ryan Merkel - William Blair Tommy Moll - Stephens Inc. Joe O'Dea - Wells Fargo Josh Pokrzywinski - Morgan Stanley Steve Tusa - JPMorgan Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Operator Ladies and gentlemen, thank you for standing by. Welcome to the Lennox International's Third Quarter Earnings Conference Call.

Lennox International Inc. (LII) Q3 2022 Earnings Call Transcript

Lennox (LII) delivered earnings and revenue surprises of -1.20% and 1%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Lennox International (LII) Q3 Earnings Miss Estimates

______________________________________________________________________________ Third Quarter 2022 Highlights (all historical comparisons are year-over-year) Revenue up 17% to third-quarter record $1.24 billion GAAP EPS up 17% to $3.99; Adjusted EPS up 21% to third-quarter record $4.10 Updating 2022 EPS guidance from $13.80-$14.50 to $13.80-$14.20 ______________________________________________________________________________ DALLAS , Oct. 27, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a leader in energy-efficient climate-control solutions, today reported record financial results for the third quarter of 2022. Lennox International reported third-quarter record revenue of $1.24 billion in the quarter, up 17%.

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