Lennox International Stock Price, News & Analysis

Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, has announced it will release its fourth quarter and full year 2024 financial results before market opening on Wednesday, January 29, 2025. The company will also present its 2025 guidance and updated long-term targets during an earnings conference call scheduled for 8:30 a.m. Central Time on the same day.

CEO Alok Maskara and CFO Michael Quenzer will lead the conference call, providing a financial results summary and outlook, followed by a Q&A session. The event will be accessible via phone and webcast, with replay available until February 5, 2025.

Lennox (NYSE: LII), a leading provider of innovative climate control solutions, has announced its inclusion in the S&P 500 Index, effective prior to the opening of trading. This milestone reflects the company's sustained growth and innovation in HVACR products. The S&P 500, widely recognized as the premier gauge of the U.S. large-cap market, includes 500 leading companies across all sectors. Selection criteria include market capitalization, financial performance, and economic contribution.

CEO Alok Maskara highlighted this achievement as a testament to their growth strategy and stakeholder trust, marking 130 years of industry leadership. The company emphasizes its core values of Integrity, Respect, and Excellence in this transformation.

Lennox (NYSE: LII) has been named to the Wall Street Journal's 2024 Best-Managed Companies list for the second consecutive year. The recognition, based on the Drucker Institute's Management Top 250 ranking, evaluates companies on customer satisfaction, employee engagement, innovation, social responsibility, and financial strength.

In 2024, Lennox introduced low global warming potential (GWP) products across its segments and won three gold Dealer Design Awards. The company formed a strategic joint venture with Samsung to create Samsung Lennox HVAC North America, combining their expertise in ductless AC and heat pump products. The company also expanded its community involvement through the LII Lennox Foundation's 'Lennox Days of Good' initiative, which organized 94 volunteer events with over 2,000 employees participating globally.

Lennox (NYSE: LII) has announced two key corporate events. The company's board of directors has declared a quarterly cash dividend of $1.15 per share of common stock, payable on January 15, 2025, to stockholders of record as of December 31, 2024. Additionally, Lennox has scheduled its 2025 annual meeting of stockholders for May 22, 2025, with a record date of March 28, 2025.

Lennox (NYSE: LII) announces a strategic partnership with Contractor Commerce to provide exclusive e-commerce capabilities to its Premier Dealer network. The integration enables transparent HVAC system pricing and filter subscription services through dealer websites. Lennox Premier Dealers will be featured on the Lennox Dealer Locator, allowing consumers to purchase filters, subscribe to deliveries, and access system estimates directly. The partnership aims to meet growing homeowner demand for online HVAC solutions while maintaining professional installation standards.

Lennox Residential HVAC has launched the SL25KCV Air Conditioner, the most efficient air conditioner in the industry with up to 26.00 SEER2 rating. The new unit features Precise Comfort® technology for fine-tuned cooling and uses low GWP refrigerants, complying with upcoming EPA regulations effective January 1, 2025. A recent survey showed 81% of homeowners prioritize high-efficiency HVAC equipment, with 91% citing lower monthly bills as the main advantage. The SL25KCV operates at just 58 dB and includes features like SilentComfort™ technology, Quantum™ Coil technology, and digital communication capabilities when paired with the S40 Smart Thermostat.

Lennox (NYSE: LII) reported strong Q3 2024 results with revenue of $1.5 billion, up 15% in core revenue. The company achieved record operating income of $303 million and GAAP diluted EPS of $6.68, up 24%. Home Comfort Solutions segment revenue grew 15% to $1.0 billion, while Building Climate Solutions revenue increased 15% to $465 million. Net cash from operations reached $452 million, with free cash flow up 50% to $412 million. Based on strong performance, Lennox raised its full-year 2024 guidance, projecting 10% revenue growth and EPS of $20.75-$21.00.

Lennox (NYSE: LII) announced the retirement of Executive Vice President, Chief Legal Officer and Secretary John Torres, effective February 28, 2025, after 16 years with the company. Monica Brown, current Vice President and Deputy General Counsel, will succeed Torres as Executive Vice President, Chief Legal Officer and Secretary starting January 1, 2025. During his tenure, Torres led multiple strategic acquisitions and divestitures to strengthen Lennox's North American growth. Brown brings 12 years of experience at Lennox and previously spent 13 years in complex commercial litigation at a law firm.

Lennox's Feel The Love program, sponsored by the LII Lennox Foundation, marked its 15th anniversary by donating 413 HVAC units to deserving homeowners during Installation Week from October 5-12, 2024. Dealers across 45 U.S. states and several Canadian provinces installed the units free of cost for nominated recipients and local heroes facing financial challenges, illness, or other difficult circumstances.

The program aims to provide comfort through extreme weather conditions with energy-efficient HVAC solutions. Since its inception in 2009, Feel The Love has benefited over 2,750 families in need. The LII Lennox Foundation, established in 2023, supports this initiative as part of its commitment to improving communities where Lennox employees work and live.