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 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.
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.