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 reported record fourth-quarter revenue of $914 million, a 3% year-over-year increase, despite a 5% decline in full-year revenue to $3.63 billion. GAAP operating income for Q4 was $139 million, down from $192 million the previous year, influenced by a $93 million insurance recovery in 2019. Adjusted earnings per share increased 18% to $2.89. The Residential segment thrived, posting a 11% revenue rise. However, Commercial revenue fell 13%, and Refrigeration reported a 28% profit drop. Future guidance remains optimistic with projected growth of 4-8% in 2021.
Lennox International Inc. (NYSE: LII) will report its fourth quarter 2020 financial results on February 2, 2021, before market opening. A conference call with CEO Todd Bluedorn and CFO Joe Reitmeier is set for 8:30 a.m. Central time that day, inviting public participation. Interested listeners can join by calling 877-336-4440 (U.S.) or 409-207-6984 (international). A replay will be available from 11:00 a.m. Central time on the same day until February 16, 2021. More details can be found on their website.
Lennox International (NYSE: LII) has updated its financial outlook for 2020, raising revenue guidance from a decline of 5-9% to 4-6%, and increasing GAAP and adjusted EPS estimates. The free cash flow guidance has also been raised to approximately $475 million. For 2021, the company projects revenue growth of 4-8%, with GAAP EPS between $10.55 and $11.15. Capital expenditures are set at approximately $135 million, including $25 million from insurance proceeds. Risks include economic impacts due to COVID-19 and market performance uncertainties.
Lennox International Inc. (NYSE: LII) has declared a quarterly cash dividend of $0.77 per share, payable on January 15, 2021 to stockholders of record by December 31, 2020. Additionally, the company's annual meeting of stockholders is scheduled for May 20, 2021, for those recorded by March 23, 2021. As a leader in heating, air conditioning, and refrigeration, Lennox continues to show commitment to its shareholders through consistent dividend payouts.
Lennox International will hold a virtual investment community meeting on December 16, 2020, at 9:00 a.m. Central time. Interested participants can register via the company's website, where presentation materials will also be available. As a leader in the heating, air conditioning, and refrigeration sectors, Lennox International's stock is traded on the NYSE under the symbol LII. For further inquiries, investors can contact Steve Harrison, Vice President of Investor Relations.
Lennox International (NYSE: LII) announced that CFO Joe Reitmeier is set to present at the Credit Suisse 8th Annual Industrials Conference on December 2, 2020. The event will be held virtually, and interested parties can access the presentation materials through the company's website at www.lennoxinternational.com. With a strong presence in the heating, air conditioning, and refrigeration markets, Lennox International continues to solidify its leadership position in the industry.
Lennox International announces that Chairman and CEO Todd Bluedorn will present at the Stephens Annual Investment Conference 2020 on November 19. The virtual presentation begins at 9:00 a.m. Central time. Interested parties can access the presentation materials and live webcast on the company's website at www.lennoxinternational.com. Lennox International is a leader in heating, air conditioning, and refrigeration, and trades on the NYSE under the symbol LII.
Lennox International (NYSE: LII) announced the launch of an additional training program designed to enhance indoor air quality (IAQ) for contractors through its Building Better Air initiative. This program follows increased demand for IAQ solutions amid the COVID-19 pandemic. It offers a framework for contractors to evaluate, solve, and maintain HVAC systems to improve IAQ in commercial spaces. By leveraging its contractor network, Lennox aims to aid businesses in returning to normal operations safely with improved air quality.
Lennox International, a leader in heating, air conditioning, and refrigeration, is set to present at the Baird 2020 Global Industrial Conference on November 12. CEO Todd Bluedorn will represent the company during this virtual event. Investors can access presentation materials via the company’s official website. Lennox International is traded on the NYSE under the symbol LII.
For further inquiries, interested parties may contact Steve Harrison, Vice President of Investor Relations, at 972-497-6670.
Lennox International reported a record third-quarter revenue of $1.06 billion, up 2% year-over-year, with a GAAP operating income of $167 million, up 7%. Earnings per share surged 16% to $3.42, while adjusted EPS increased 6% to $3.53.
Residential revenue achieved a record $722 million, up 13% with a segment profit rising 21%. However, Commercial and Refrigeration segments faced declines of 18% and 14%, respectively. The company raised its full-year revenue guidance from a decline of 10-15% to 5-9%.