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 International Inc. (LII) has achieved a significant milestone as the first HVAC manufacturer to meet the objectives of the U.S. Department of Energy's Cold Climate Heat Pump Technology Challenge. This recognition highlights Lennox's commitment to innovation and energy efficiency, potentially allowing homeowners to save up to $500 annually on utility bills. The initiative aims to enhance heating and cooling solutions for colder climates while significantly reducing greenhouse gas emissions. Lennox's efforts align with their long-standing dedication to sustainability and environmentally friendly products.
Lennox International Inc. (NYSE: LII) announced that CEO Alok Maskara and CFO Joe Reitmeier will present at the William Blair 42nd Annual Growth Stock Conference in Chicago on June 9. The presentation will start at 10:40 a.m. Central time, with materials available on the company website. Lennox International is a leader in energy-efficient climate-control solutions, focusing on sustainability while providing residential and commercial customers with innovative heating, air conditioning, and refrigeration systems.
Lennox International announced that CEO Alok Maskara and CFO Joe Reitmeier will host investor meetings on June 2, 2022, at the KeyBanc Capital Markets 22nd Annual Industrials & Basic Materials Conference in Boston. Investors can access presentation materials on the company’s website. Lennox is a leader in energy-efficient climate-control solutions, focusing on sustainability and reducing carbon footprints through innovative air conditioning, heating, indoor air quality, and refrigeration systems. The company is traded on the NYSE under the symbol LII.
Lennox International (LII) has announced a 15% increase in its quarterly cash dividend, raising it to $1.06 per share. This dividend will be payable on July 15, 2022, to shareholders recorded by June 30, 2022. This strategic move reflects the company's commitment to rewarding its shareholders while maintaining a focus on sustainability and innovative climate-control solutions.
Lennox International (NYSE: LII) has appointed Joe Nassab as President and Chief Operating Officer of North America Commercial Heating & Cooling, effective May 4, 2022. He replaces Elliot Zimmer, who is leaving after 12 years. Nassab brings a proven track record, having led Allied Air to 10% annual revenue growth and 23% earnings growth over the past decade. Despite challenges in production due to labor constraints and supply chain issues, the company aims for operational improvements and growth in the commercial HVAC market.
Lennox Industries has opened nominations for its annual Feel The Love program until August 31, 2022, inviting residents of the U.S. and Canada to nominate deserving community members for free heating or cooling equipment. The program, now in its 13th year, emphasizes the importance of indoor air quality. In partnership with local HVAC dealers, Lennox aims to provide clean air access to those in need, with installations planned for October 8-15, 2022. Since 2009, over 1,500 installations have been completed.
Lennox International reported record first-quarter revenue of $1.01 billion, up 9%, and GAAP EPS of $2.29, up 4%. Adjusted EPS also reached a record $2.36, a 4% increase. The company raised its 2022 revenue growth guidance from 5-10% to 7-11%, while reiterating EPS guidance of $13.50-$14.50. However, GAAP operating income dropped 2% to $112 million, and total segment margin decreased 110 basis points to 11.3%. Stock repurchases amounted to $200 million for the quarter, with a full-year repurchase plan of $400 million.
Lennox International Inc. (NYSE: LII) has announced it will report its first quarter 2022 financial results on April 25, 2022, before market opening. A conference call will take place at 8:30 a.m. Central time, featuring Chairman Todd Teske and CFO Joe Reitmeier discussing the results and future outlook. Interested parties can listen by calling designated numbers or via the company’s website. A replay will be accessible from April 25 through May 9, 2022. Lennox International is a leader in energy-efficient climate-control solutions, focusing on sustainability and innovation.
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.