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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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. (NYSE:LII ) Q1 2022 Earnings Conference Call April 25, 2022 9:30 AM ET Company Participants Steve Harrison - Vice President of Investor Relations Todd Teske - Chairman and Interim Chief Executive Officer Joseph Reitmeier - Executive Vice President and Chief Financial Officer Conference Call Participants Nicole DeBlase - Deutsche Bank Julian Mitchell - Barclays Jeff Hammond - KeyBanc Capital Markets Gautam Khanna - Cowen and Company Tim Wojs - Robert W. Baird Brett Linzey - Mizuho Nigel Coe - Wolfe Research John Walsh - Credit Suisse Steve Tusa - J.P.

Lennox International Inc.'s (LII) CEO Todd Teske on Q1 2022 Results - Earnings Call Transcript

Lennox (LII) delivered earnings and revenue surprises of 16.26% and 4.92%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Lennox International (LII) Surpasses Q1 Earnings and Revenue Estimates

Revenue up 9% to first-quarter record $1.01 billion GAAP EPS up 4% to first-quarter record $2.29 Adjusted EPS up 4% to first-quarter record $2.36 Repurchased $200 million of stock in the quarter Raising 2022 guidance for revenue growth from 5-10% to 7-11% Reiterating 2022 guidance for GAAP and adjusted EPS of $13.50-$14.50 Reiterating guidance for $400 million of stock repurchases for the full year DALLAS , April 25, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today reported financial results for the first quarter of 2022. All comparisons are to the prior-year period.

Lennox International Reports Record First Quarter Revenue and Earnings Per Share

Lennox (LII) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Lennox (LII) Might Surprise This Earnings Season

DALLAS , April 12, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today announced plans to report first quarter 2022 financial results before the market opens on Monday, April 25, 2022. A conference call is scheduled for the same day at 8:30 a.m.

Lennox International Schedules First Quarter Conference Call

Lennox International Inc. (NYSE: LII) has appointed Alok Maskara as its CEO, effective on May 9, 2022. Maskara succeeds Todd Bluedorn, who announced in July 2021 his plans to step down by mid-2022 as Chairman and CEO.

Lennox Names Alok Maskara As CEO; Reiterates FY22 Outlook

DALLAS , March 23, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, has appointed Alok Maskara as chief executive officer effective on May 9, 2022. Mr. Maskara succeeds Todd Bluedorn, who announced in July 2021 his plans to step down by mid-2022 as Chairman and CEO after 15 years in the role.

Lennox International Inc. Appoints Alok Maskara New Chief Executive Officer

RICHARDSON, Texas, Feb. 23, 2022 /PRNewswire/ -- Lennox Industries is launching an industry-leading limited warranty offering with customizable and complete system coverage for parts and labor, providing greater peace of mind to homeowners. Through Warranty Your Way™, homeowners now have the opportunity to obtain labor coverage on eligible heating and cooling products, as well as more limited warranty and coverage options at no additional cost, putting the power of choice in the hands of homeowners.

Lennox Industries Launches Warranty Your Way™ as the Industry First for Home Comfort System Parts and Labor Coverage at No Additional Cost

DALLAS, Feb. 21, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, today announced that CFO Joe Reitmeier is scheduled to present at the Barclays Industrial Select Conference on Wednesday, February 23, beginning at 10:20 a.m. Eastern time.

Lennox International to Present at Barclays Conference

DALLAS, Feb. 8, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, today announced that CFO Joe Reitmeier is scheduled to present at the Cowen 43rd Annual Aerospace/Defense & Industrials Conference, being held virtually, on Thursday, February 10, beginning at 1:20 p.m. Eastern time.

Lennox International to Present at Cowen Conference

The question is not if Lennox (NYSE: LII) was able to produce growth but how badly was its business impacted by inflation, supply chain issues, and shipping disruptions? The company did not quantify those impacts but we can assume they easily run into the mid to high-single-digits if not more.

Lennox International Shares Cool Off After Tepid Guidance

Lennox International Inc. (LII) CEO Todd Bluedorn on Q4 2021 Results - Earnings Call Transcript

Lennox (LII) delivered earnings and revenue surprises of 17.50% and 1.09%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Lennox International (LII) Q4 Earnings and Revenues Top Estimates

Lennox International Inc LII reported fourth-quarter FY21 sales growth of 5.6% year-on-year, to $964.8 million, beating the analyst consensus of $957.47 million. Revenue in the Residential Heating & Cooling business segment increased 12% Y/Y to $620 million, Commercial Heating & Cooling business declined 11% to $201 million, and Refrigeration business jumped 6% to $143 million.

Lennox Q4 Earnings Smashes Estimates; Reiterates FY22 Revenue Growth Forecast

DALLAS, Feb. 1, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today reported fourth-quarter and full-year 2021 results. All comparisons are to the prior-year period.

Lennox International Reports Record Revenue and EPS for 2021

Lennox International is a company that you can buy and hold for the very long term.

Lennox International: Conservative Dividend Portfolio Pick, Buy The Dip

Lennox (LII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Lennox International (LII) to Report a Decline in Earnings: What to Look Out for

DALLAS, Jan. 18, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today announced plans to report fourth quarter 2021 financial results before the market opens on Tuesday, February 1, 2022. A conference call is scheduled for the same day at 8:30 a.m.

Lennox International Schedules Fourth Quarter Conference Call

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Mizuho analyst Brett Linzey initiated coverage of five Building Products companies. The analyst initiated Lennox International Inc. (NYSE:LII) with an Underperform rating and a price target of $295, implying a downside of 9.28%.

Mizuho Bullish On Johnson Controls, Allegion; Neutral On Trane, Carrier Global; Bearish On Lennox

Analysts raised Lennox International Inc's (NYSE:LII) price target following its FY22 financial guidance and reiterating the FY21 outlook. Wells Fargo analyst Saravana Raghavan raised the price target to $331 (an upside of 1.9%) from $325 and maintained an Equal Weight rating on the shares.

Analysts Tick Up Lennox Price Target Post Investor Day

Lennox International Inc. (NYSE: LII) introduced its FY22 financial guidance and reiterated its FY21 outlook. For FY22, the company expects revenue growth of 5-10%, GAAP, and adjusted EPS from continuing operations of $13.40-$14.40 (consensus of $13.87).

Lennox Reiterates FY21 Outlook; Sees 5-10% Revenue Growth In FY22

DALLAS, Dec. 15, 2021 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today announced 2022 financial guidance and is reiterating 2021 financial guidance. For the full year of 2022, the company expects: Revenue growth of 5-10% GAAP and adjusted EPS from continuing operations of $13.40-$14.40 Corporate expenses of approximately $95 million An effective tax rate of approximately 20% on an adjusted basis for the full year Capital expenditures of approximately $125 million Free cash flow of approximately $400 million Stock repurchases of $400 million For the full year of 2021, the company still expects: Revenue growth of 13-15%, including a 1% benefit from favorable foreign exchange GAAP EPS from continuing operations of $11.97-$12.17 Adjusted EPS from continuing operations of $12.10-$12.30 Corporate expenses of approximately $95 million An effective tax rate of approximately 20% on an adjusted basis for the full year Capital expenditures of approximately $135 million Free cash flow of approximately $400 million Stock repurchases of $600 million As previously announced, Lennox International is hosting a virtual investment community meeting today, starting at 9:00 a.m.

Lennox International Announces 2022 Financial Guidance

Lennox International Inc. (NYSE:LII) is an American company that provides climate-control solutions globally.

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