Welcome to our dedicated page for Lennox International news (Ticker: LII), a resource for investors and traders seeking the latest updates and insights on Lennox International stock.
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.
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.
Summary not available.
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.
Lennox International Inc. (NYSE: LII) announced that CEO Alok Maskara will present at the Deutsche Bank 2022 Industrials Conference in New York City on November 15, 2022, at 9:15 a.m. Eastern. Interested parties can access the presentation materials and live webcast via the company's official website. The company focuses on energy-efficient climate-control solutions, enhancing sustainability and comfort in residential and commercial environments. Lennox International is known for its innovative heating, cooling, and refrigeration systems.
Lennox International (NYSE: LII) announced that CEO Alok Maskara and CFO Joe Reitmeier will present at the Baird 2022 Global Industrial Conference in Chicago on November 8, 2022, at 9:40 a.m. Access to presentation materials and a live webcast is available on their website. Lennox is recognized for its energy-efficient climate-control solutions, focusing on sustainability and innovation in cooling, heating, indoor air quality, and refrigeration systems. More details about their offerings can be found at www.lennoxinternational.com.