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 (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.
Lennox International will host a virtual investment community meeting on December 15, 2021, at 9:00 a.m. Central time. Interested participants can register for the webcast by visiting www.lennoxinternational.com. Presentation materials will be accessible on the company's website on the morning of the meeting. As a leader in energy-efficient climate-control solutions, Lennox International, traded under the ticker LII, emphasizes sustainability and innovation in air conditioning and heating.
Lennox International announced that CFO Joe Reitmeier will virtually present at the Stephens Annual Investment Conference on November 29, 2021. Presentation materials will be accessible on the company's website at www.lennoxinternational.com. As a leader in energy-efficient climate-control solutions, Lennox focuses on sustainability and innovation, offering advanced systems for air conditioning, heating, and refrigeration. The company is publicly traded on the NYSE under the symbol LII.
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Lennox International (NYSE: LII) reported a record third-quarter revenue of $1.06 billion, a modest increase year-over-year, affected by supply chain disruptions and Covid-19. GAAP operating income declined 3% to $163 million, with earnings per share at $3.41. Segment profit fell 7% to $165 million, while gross profit dropped 9% to $295 million. The company anticipates similar supply chain challenges in Q4, adjusting its full-year revenue growth forecast to 13-15% and EPS to $12.10-$12.30.
Lennox Industries, in partnership with HVAC dealers, successfully completed the Feel The Love Week, providing 130 HVAC units to deserving homeowners at no cost. This initiative took place across 37 U.S. states and 5 Canadian provinces during the second week of October 2021. The program, which has been running since 2009, aims to support individuals facing hardships, especially essential workers during the pandemic. Over the years, Lennox has installed more than 1,600 units, with each installation including a 3-year labor protection plan to ensure quality service.