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 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.
Lennox International reported record Q3 2022 results with revenue of $1.24 billion, a 17% increase year-over-year. GAAP EPS reached $3.99, up 17%, while adjusted EPS rose 21% to $4.10. The company updated its 2022 EPS guidance, narrowing it to a range of $13.80-$14.20 due to supply chain challenges. Segment performance was robust, with Residential and Commercial revenues increasing by 17% and 20%, respectively. Notably, total segment profit rose 15% to $189 million.
Lennox Industries, through its Feel The Love program, partnered with 180 dealers to provide heating and cooling units to deserving community members at no cost. In its 13th year, the program delivered 210 HVAC installations across 37 U.S. states and Canadian provinces from October 8-15, 2022. Since its inception in 2009, Lennox has completed over 1,800 installations. The donated units enhance indoor air quality and reduce energy usage by up to 40%. Additionally, recipients receive extended warranties for peace of mind.
Lennox International Inc. (NYSE: LII) announced plans to report its third quarter 2022 financial results before the market opens on October 27, 2022. CEO Alok Maskara and CFO Joe Reitmeier will discuss the results during a conference call at 8:30 a.m. Central time, which can be accessed via phone or webcast. A replay will be available from 11:30 a.m. Central time on the same day until November 10, 2022. Lennox specializes in energy-efficient climate-control solutions, focusing on sustainability and innovation in climate technology.
Lennox International Inc. (NYSE: LII) will hold its 2022 Investment Community Meeting on December 14 in New York City at 8:30 a.m. ET. Key executives, including CEO Alok Maskara and CFO Joe Reitmeier, will discuss the company’s business strategy, strategic vision, and innovations in products. For those who cannot attend, a live webcast will be available on the company's website, which will also archive the event afterward.
Lennox specializes in energy-efficient climate control solutions for residential and commercial markets, emphasizing sustainability and innovation.
Lennox International (NYSE: LII) is at the forefront of promoting energy-efficient home solutions in light of the Inflation Reduction Act. This $740 billion legislation enhances rebates and tax credits for homeowners investing in energy-efficient systems. Key programs include the High-Efficiency Electric Home Rebate Program, offering up to $14,000 in rebates, and the renewed Energy Efficient Home Improvement Tax Credit, allowing up to $2,000 in annual tax credits. With $4.5 billion allocated for these initiatives, Lennox aims to support homeowners in reducing both costs and greenhouse gas emissions.