Lennox International Inc. reports developments in energy-efficient climate-control and building comfort solutions for residential and commercial customers. Company news centers on heating, cooling, indoor air quality, refrigeration, water heating, HVAC parts, supplies and services, including updates tied to the Lennox dealer network and connected home comfort offerings.
Recurring announcements include quarterly results, full-year guidance, segment trends in Home Comfort Solutions and Building Climate Solutions, dividends, investor presentations, product portfolio expansion and community programs such as Feel The Love. Coverage also reflects demand conditions in replacement, new construction, distribution, services and emergency replacement markets.
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Lennox reported record revenue of $1.05 billion in Q1 2023, up from $990 million excluding European operations. Operating income reached $140 million, reflecting a 20% increase in adjusted segment profit to $142 million. The GAAP diluted EPS was $2.75, while adjusted diluted EPS increased 15% to $2.83. The company reiterated its 2023 guidance for core revenue growth of flat to 4% and an EPS range of $14.25 to $15.25. The Residential segment reported flat revenue while the Commercial segment saw a 10% increase. Despite ongoing supply chain challenges, Lennox is optimistic about maintaining strong profit margins and expanding its market share.
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