Lennox International Stock Price, News & Analysis

Lennox (NYSE: LII), a leader in energy-efficient climate control, announced that CFO Joe Reitmeier will present at the Cowen 44th Annual Aerospace/Defense & Industrials Conference on February 15, 2023, at 11:30 a.m. Eastern Time, in Arlington, Virginia. The presentation materials and a link to the live webcast will be available on the company's website.

Lennox focuses on sustainability and innovation in cooling, heating, indoor air quality, and refrigeration systems. For more details, visit their website or contact Investor Relations at 972-497-6670.

Lennox has launched two new product lines, Enlight™ and Xion™, enhancing its Rooftop Series to meet evolving federal energy standards and customer needs in HVAC solutions. Both lines focus on energy efficiency and sustainability, with Enlight™ achieving up to 17.8 SEER ratings and using the innovative Environ™ Coil System that requires less refrigerant. Xion™ offers reliable performance with significant operational cost savings. The launch aims to equip customers with advanced solutions for present and future HVAC challenges, continuing the company's commitment to innovation and sustainability.

Lennox reported a strong performance for Q4 2022, with record revenue of $1.1 billion, up 13% year-over-year. GAAP earnings per share (EPS) increased by 17% to $2.65, while adjusted EPS rose 12% to $2.63. For the full year, revenue reached $4.72 billion, also up 13%, with a GAAP EPS of $13.88. The company reaffirmed its 2023 outlook, projecting core revenue growth of flat to 4% and EPS between $14.25 and $15.25. Segment results were also robust, with significant profits in Residential and Commercial, despite some pressure from higher material costs.

Lennox Industries has launched the Lennox S40 Smart Thermostat, which enhances the efficiency and comfort of heating and cooling systems. This device, along with accessories like the Lennox Smart Air Quality Monitor and Lennox Smart Room Sensor, addresses increasing homeowner concerns about indoor air quality, as 82% prioritize it more now than last year. The thermostat offers features such as air pollutant detection and automated cleaning, ensuring optimal air quality. The smart suite enhances user experience with remote control options and interconnectivity with popular smart home devices.

Lennox International (NYSE: LII) will announce its fourth quarter and full year 2022 financial results before the market opens on January 31, 2023. An earnings call will take place at 8:30 a.m. Central Time the same day, featuring CEO Alok Maskara and CFO Joe Reitmeier discussing the financial outcomes and future outlook. Participants can join the conference via a toll-free number or by web streaming. A replay will be accessible until February 14, 2023.

Lennox specializes in energy-efficient climate-control solutions, focusing on sustainability and innovation in heating, cooling, and refrigeration systems.

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Lennox International Inc. (NYSE: LII) announced its financial guidance for 2023, projecting core revenue growth of 0-4%, GAAP EPS of $14.25-$15.25, and capital expenditures around $250 million. For 2026, the company targets core revenue of $5.0-$5.5 billion, with an EBIT margin of 18-20%. CEO Alok Maskara highlighted expected revenue growth, despite anticipated softness in residential units. The company plans to streamline operations and divest European holdings, aiming for improved margins through productivity and cost-reduction initiatives.

Lennox International Inc. (NYSE: LII) declared a quarterly cash dividend of $1.06 per share, payable on January 13, 2023, to stockholders of record as of December 30, 2022.

The annual meeting of stockholders is set for May 18, 2023, for stockholders of record on March 28, 2023. Lennox International is a leader in energy-efficient climate-control solutions, focusing on sustainability and innovation in cooling, heating, and air quality systems.

Lennox International (NYSE: LII) has appointed Gary Bedard as President of the Residential segment, effective January 1, 2023. He succeeds Doug Young, who retires on June 30, 2023, after 24 years at the company. Under Young, Residential revenue doubled to over $3 billion, and profit tripled to over $600 million.

The company is exploring strategic alternatives for its Refrigeration segment's European operations, consolidating it with the Commercial segment to accelerate growth.