Lennox International Stock Price, News & Analysis

Lennox reported record revenue of $1.05 billion in Q1 2023, up from $990 million excluding European operations. Operating income reached $140 million, reflecting a 20% increase in adjusted segment profit to $142 million. The GAAP diluted EPS was $2.75, while adjusted diluted EPS increased 15% to $2.83. The company reiterated its 2023 guidance for core revenue growth of flat to 4% and an EPS range of $14.25 to $15.25. The Residential segment reported flat revenue while the Commercial segment saw a 10% increase. Despite ongoing supply chain challenges, Lennox is optimistic about maintaining strong profit margins and expanding its market share.

Lennox (NYSE: LII) has announced that it will release its first quarter 2023 financial results before the market opens on April 27, 2023. An earnings conference call will take place at 8:30 a.m. Central Time, featuring CEO Alok Maskara and CFO Joe Reitmeier discussing the results and providing an outlook. Interested participants can join the conference by calling designated numbers or via a live webcast on the company's website.

Additionally, Lennox has published its 2022 Annual Report, available digitally on its website, and will hold its 2023 annual meeting of stockholders on May 18, 2023, for stockholders of record as of March 28, 2023.

The board of directors of Lennox (NYSE: LII), a leading provider in the heating, air conditioning, and refrigeration sector, has declared a quarterly cash dividend of $1.06 per share. This dividend will be payable on April 14, 2023, to stockholders of record as of March 31, 2023. The company emphasizes its commitment to sustainability and energy-efficient solutions that lower carbon footprints while enhancing comfort for its residential and commercial customers.

Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, announced that CEO Alok Maskara will present at the Barclays Industrial Select Conference in Miami, Florida, on February 23, 2023, at 11:30 a.m. Eastern time. The presentation will highlight Lennox's commitment to sustainability and innovation in cooling, heating, indoor air quality, and refrigeration systems. Interested participants can access presentation materials and a live webcast on the company's website under the events calendar.

For further information about Lennox and its initiatives, visit www.lennoxinternational.com.

Lennox (NYSE: LII), a leader in energy-efficient climate control, announced that CFO Joe Reitmeier will present at the Cowen 44th Annual Aerospace/Defense & Industrials Conference on February 15, 2023, at 11:30 a.m. Eastern Time, in Arlington, Virginia. The presentation materials and a link to the live webcast will be available on the company's website.

Lennox focuses on sustainability and innovation in cooling, heating, indoor air quality, and refrigeration systems. For more details, visit their website or contact Investor Relations at 972-497-6670.

Lennox has launched two new product lines, Enlight™ and Xion™, enhancing its Rooftop Series to meet evolving federal energy standards and customer needs in HVAC solutions. Both lines focus on energy efficiency and sustainability, with Enlight™ achieving up to 17.8 SEER ratings and using the innovative Environ™ Coil System that requires less refrigerant. Xion™ offers reliable performance with significant operational cost savings. The launch aims to equip customers with advanced solutions for present and future HVAC challenges, continuing the company's commitment to innovation and sustainability.