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. (NYSE: LII) is a manufacturer of energy-efficient climate-control solutions, and its news flow reflects developments across residential HVAC, commercial HVAC, and refrigeration markets. Company announcements frequently highlight new product introductions, investments in manufacturing and distribution, acquisitions, financial results, and community initiatives.
Recent news has included the launch of the Dave Lennox Signature Collection SLP99VK Gas Furnace, a high-efficiency residential heating product featuring an integrated Refrigerant Detection System designed to simplify installation and reduce costs for dealers. Lennox has also reported enhancements to its commercial operations, such as opening a large Regional Distribution Center in Edgerton, Kansas and scaling production in facilities in Stuttgart, Arkansas and Saltillo, Mexico to support faster fulfillment of commercial rooftop units, accessories, and VRF equipment.
Investors and industry followers can find updates on acquisitions, including the completed purchase of NSI Industries’ HVAC division with the Duro Dyne and Supco brands, which expands Lennox’s parts and supplies portfolio. Regular earnings releases and guidance updates provide insight into segment performance for Home Comfort Solutions and Building Climate Solutions, as well as information on dividends and capital allocation decisions.
Lennox news also covers digital and customer experience initiatives, such as the relaunch of the Commercial Quick Quote tool and the use of AI-powered support agents, along with recognition like inclusion in the Drucker Institute Management Top 250. Community-focused stories, including the Feel The Love program and donations of HVAC units to homeowners and nonprofits, show how the company engages with the communities it serves. This news page aggregates these updates so readers can follow key developments affecting LII.
Lennox International Inc. (NYSE: LII) has appointed Alok Maskara as its new CEO, effective May 9, 2022, succeeding Todd Bluedorn who led the company for 15 years. Todd J. Teske will serve as Chairman of the Board and interim CEO until Maskara takes over. Maskara brings over 25 years of experience, previously serving as CEO of Luxfer Holdings PLC (NYSE: LXFR) and holding various leadership roles at Pentair PLC and General Electric. The company also reaffirmed its financial guidance for 2022, emphasizing its commitment to energy-efficient climate control solutions and sustainable practices.
Lennox International Inc. (NYSE: LII) announced a quarterly cash dividend of $0.92 per share, payable on April 15, 2022, to stockholders recorded by March 31, 2022. This decision reflects the company's commitment to returning value to shareholders, denoting confidence in its ongoing operational performance.
Lennox International, a leader in energy-efficient climate-control solutions, aims to enhance sustainability while improving environmental quality.
Lennox Industries, based in Richardson, Texas, has unveiled a groundbreaking warranty program called Warranty Your Way™, offering three years of labor coverage at no extra cost for its heating and cooling products. This initiative addresses the common homeowner frustration regarding unexpected repair costs, where labor typically accounts for 85% of expenses. The program not only enhances customer confidence but also provides a competitive edge for dealers. Lennox aims to redefine HVAC warranties through this innovative offering, reinforcing its commitment to quality and customer satisfaction.
Lennox International, a leader in energy-efficient climate control solutions, will have CFO Joe Reitmeier present at the Barclays Industrial Select Conference on February 23, 2022, at 10:20 a.m. Eastern time. Interested parties can access a live webcast and presentation materials on the company's website. Lennox is committed to sustainability and innovation in HVAC systems, focusing on reducing carbon footprints for both residential and commercial customers. For further information, visit www.lennoxinternational.com.
Lennox International, a leader in energy-efficient climate control, announced that CFO Joe Reitmeier will speak at the Cowen 43rd Annual Aerospace/Defense & Industrials Conference on February 10, 2022, at 1:20 p.m. Eastern time. The presentation will be available via a live webcast on the company's website. Lennox is committed to sustainability through innovative air conditioning, heating, and refrigeration solutions, and is traded under the symbol LII on the NYSE.
Lennox International (NYSE: LII) reported record revenue of $4.19 billion for 2021, marking a 15% increase. Q4 revenue reached $965 million, up 6%, though GAAP operating income fell to $98 million from $139 million year-over-year. GAAP EPS from continuing operations for Q4 was $2.27, down from $2.91. The company faced challenges from Covid-19 and supply chain disruptions. Despite the hurdles, Lennox anticipates revenue growth of 5-10% in 2022, with raised EPS guidance to $13.50-$14.50. Stock repurchases of $400 million are planned for the year.
Lennox International (NYSE: LII) will report its fourth quarter 2021 financial results on February 1, 2022, before the market opens. A conference call is set for the same day at 8:30 a.m. Central time, featuring comments from Chairman and CEO Todd Bluedorn and CFO Joe Reitmeier, followed by a Q&A session. Interested parties can join the call by dialing 844-291-6362 (U.S.) or 234-720-6995 (international) or by accessing the webcast on the company's website. A replay will be available until February 15, 2022.
The 2022 annual meeting of Lennox International is set for May 19, 2022, with stockholders of record as of March 28, 2022. Lennox International is a leader in energy-efficient climate-control solutions, focusing on sustainability and innovation across its air conditioning, heating, indoor air quality, and refrigeration systems. The company aims to create healthier environments while reducing carbon footprints. Lennox International trades under the stock symbol LII on the New York Stock Exchange.
Lennox International (NYSE: LII) announced its financial guidance for 2022, projecting revenue growth of 5-10% and GAAP EPS from continuing operations between $13.40 and $14.40. The company expects corporate expenses of approximately $95 million and capital expenditures around $125 million. For 2021, it maintains its guidance of 13-15% revenue growth and GAAP EPS between $11.97 and $12.17. Additionally, Lennox plans stock repurchases of $400 million for 2022 and $600 million for 2021. The company will discuss these insights during a virtual investment community meeting.
Lennox International Inc. (NYSE: LII) announced a quarterly cash dividend of $0.92 per share of common stock. This dividend is set to be paid on January 14, 2022, to stockholders of record as of December 31, 2021. This move reflects the company's ongoing commitment to returning value to its shareholders while maintaining its focus on leading in energy-efficient climate-control solutions.
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