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 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%.
Lennox International installed 210 HVAC units at no cost across the U.S. and Canada as part of its Feel The Love program, benefiting medical professionals and frontline workers amid the COVID-19 pandemic. Since 2009, this initiative has provided over 1,500 installations to those facing challenges. The company aims to improve comfort and health as families spend more time at home. The program is set to continue expanding through the end of the year, allowing more community members to receive support.
Lennox International Inc. (NYSE: LII) announced plans to report its third quarter 2020 financial results on October 19, 2020, before market opening. A conference call will follow at 8:30 a.m. Central time, featuring commentary from Chairman and CEO Todd Bluedorn and CFO Joe Reitmeier. Participants can join by calling 877-336-4440 (U.S.) or 409-207-6984 (international). The call will also be accessible via webcast on Lennox's website. A replay will be available from 11:00 a.m. Central time on the same day until November 2, 2020.
Lennox International (LII) has introduced the Building Better Air initiative aimed at enhancing indoor air quality (IAQ) in commercial spaces. This effort addresses increasing awareness about the significance of HVAC systems in maintaining healthy environments, especially post-COVID-19. The initiative includes a three-step process: evaluating current HVAC systems, proposing tailored IAQ solutions, and establishing a preventative maintenance plan. This program underscores Lennox's commitment to providing comprehensive IAQ solutions for various commercial applications.