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 Industries, known for over 125 years, introduced updates to its Ultimate Comfort System, enhancing home heating and cooling. A recent survey indicated 61% of homeowners prioritize air quality, with many willing to invest in improvements. The Ultimate Comfort System promises superior air quality through features like variable speed systems for consistent airflow, energy-efficient appliances, and quiet operation. Key offerings include the SLP99V Gas Furnace and SL28XCV Air Conditioner, which achieve high efficiency ratings. This development underscores Lennox's commitment to health-focused indoor environments.
Lennox International (LII) reported record first-quarter revenue of $931 million, marking a 29% increase year-over-year. Operating income rose 213% to $114 million, while earnings per share from continuing operations reached $2.20, a 588% increase. The Residential segment saw a 37% revenue increase, driven by strong demand in both replacement and new construction. The company has raised its 2021 guidance for revenue growth to 7-11% and adjusted EPS to a range of $11.40-$12.00. Free cash flow guidance was increased from $325 million to $375 million.
Lennox International Inc. (NYSE: LII) announced plans to report its first quarter 2021 financial results on April 26, 2021, before the market opens. A conference call will follow at 8:30 a.m. Central time, featuring Chairman and CEO Todd Bluedorn and CFO Joe Reitmeier discussing the financial results and outlook. Interested parties can listen via phone or webcast. A replay will be available from 11:00 a.m. Central time on the same day until May 10, 2021. Lennox focuses on energy-efficient climate-control solutions, promoting sustainability and innovation.
Lennox Industries unveiled its new PureAir™ and PureAir™ S Air Purification Systems, featuring the Healthy Climate™ Carbon Clean 16® air filter, capable of eliminating over 99% of the COVID-19 virus from indoor air. These hospital-grade systems also effectively remove larger particles such as mold spores and dust. The announcement reflects Lennox's commitment to air quality, especially during the pandemic. Independent testing has verified the filter's efficiency, reinforcing Lennox's position as a leader in HVAC technologies. For more details, visit Lennox.com/Residential.
The board of directors of Lennox International (NYSE: LII) announced a quarterly cash dividend of $0.77 per share, payable on April 15, 2021. Stockholders of record as of March 31, 2021 are eligible for this dividend. Lennox International is renowned for its energy-efficient climate-control solutions, focusing on sustainability and comfort for both residential and commercial customers. The company leads in innovation within the industry, contributing to reduced carbon footprints through advanced air conditioning, heating, and refrigeration systems.
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Lennox International (NYSE: LII) announced that Chairman and CEO Todd Bluedorn will present at the Barclays Industrial Select Conference on February 16, 2021, at 1:30 p.m. Eastern time. This event will be held virtually, and interested parties can access the live webcast and presentation materials on the company's website. Lennox International is renowned for its energy-efficient climate control solutions, focusing on sustainability and innovation in air conditioning, heating, and refrigeration systems.
Lennox International (NYSE: LII) will be represented by Chairman and CEO Todd Bluedorn at the Cowen 42nd Annual Aerospace/Defense & Industrials Conference on February 9, 2021, at 10:10 a.m. Eastern time. The event will be held virtually, and interested parties can access a live webcast along with presentation materials on the company's official website. As a leader in energy-efficient climate control solutions, Lennox focuses on sustainability and innovation in its systems.
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.