Lennox International Inc. - $LII STOCK NEWS

Lennox reported strong first-quarter results, with revenue of $1.05 billion, a 6% increase in core revenue, and a 23% rise in adjusted diluted EPS. The company raised its 2024 EPS guidance range to $19.00-$20.00. The Home Comfort Solutions segment saw a 1% revenue decline, while the Business Climate Solutions segment achieved 21% revenue growth. Lennox remains optimistic about its transformation plan and industry transition to low GWP refrigerant products.

Lennox (NYSE: LII) will announce its first quarter 2024 financial results on April 24, 2024, followed by an earnings conference call with CEO Alok Maskara and CFO Michael Quenzer. The company will also hold its annual stockholders meeting on May 16, 2024.

Lennox (NYSE: LII) appoints Sivasankaran 'Soma' Somasundaram, President and CEO of ChampionX , to its board of directors. Soma brings strategic, operational, and financial expertise to Lennox.

Lennox (LII) announces a quarterly cash dividend of $1.10 per share for stockholders, payable on April 15, 2024.

Lennox (NYSE: LII) secures 13th place in Barron's 100 Most Sustainable Companies list for its commitment to sustainable climate solutions and community support. The company's innovative products and charitable initiatives showcase its dedication to excellence and environmental responsibility.

Lennox (NYSE: LII) partners with ServiceTitan to enhance customer experience and streamline operations in the HVAC industry.

Lennox (NYSE: LII) receives industry recognition for its Lennox Ultimate Comfort System™ and S40 Smart Thermostat, winning awards for innovation and design. The Ultimate Comfort System™ is named 'Smart Heating and Cooling Product of the Year' by the IoT Breakthrough Awards, while the S40 Smart Thermostat earns a GOOD DESIGN® award. These accolades highlight Lennox's commitment to cutting-edge technology and craftsmanship in delivering personalized home comfort experiences.

Lennox (NYSE: LII) has been honored in the Wall Street Journal's list of 2023 Best Managed Companies, showcasing excellence in business, leadership, and strategic vision. The company experienced significant success in 2023, accelerating growth, expanding resilient margins, and achieving record results. Lennox is a leader in sustainable technology, developing innovative products that revolutionize comfort and make air perfect. The company sold its one millionth Lennox Smart Thermostat and launched the Lennox S40 Smart Thermostat, recognized as one of the Green Builder's 2023 Sustainable Products of the Year. Lennox furthered its sustainability commitment by signing an agreement with the California Energy Commission (CEC) to help the state reach its goal of installing six million heat pumps by 2030. Through the LII Lennox Foundation, the company donates up to 1% of its net income to charities and has strategic partnerships with non-profit organizations. Lennox is celebrating the 25th anniversary of going public and listing on the New York Stock Exchange (NYSE: LII) this year, more than 100 years after the company was founded by Dave Lennox.

Lennox (LII) reported strong Q4 and 2023 full-year financial results, with revenue up 6% to $1.2 billion in Q4 and $5 billion for the full year. GAAP diluted EPS rose 52% to $4.04 in Q4 and 19% to $16.54 for the full year. Operating cash flow surged 132% to $306 million in Q4 and 144% to $736 million for the full year. The company's Home Comfort Solutions segment experienced 1% revenue growth in Q4, while the Building Climate Solutions segment saw a 19% increase. Lennox also provided guidance for 2024, anticipating a 7% increase in core revenue and adjusted EPS in the range of $18.50 to $20.00.