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 (NYSE: LII) delivers innovative climate control solutions through its energy-efficient HVAC and refrigeration systems. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, technological advancements, and market leadership in thermal management solutions.
Access official press releases detailing quarterly earnings, product launches, and sustainability initiatives alongside expert analysis of strategic partnerships. Our curated collection helps stakeholders track regulatory compliance efforts, energy efficiency milestones, and operational expansions across residential and commercial markets.
Key updates include leadership changes, patent filings for smart HVAC technologies, and progress toward environmental stewardship goals. Regular updates ensure you stay informed about LII's contributions to building automation systems and low-emission refrigeration solutions.
Bookmark this page for real-time access to Lennox International's financial disclosures, industry recognition awards, and innovations in heat pump technology. Verify installation statistics and service network expansions through primary source documentation maintained for professional reference.
Lennox reported a strong performance for Q4 2022, with record revenue of $1.1 billion, up 13% year-over-year. GAAP earnings per share (EPS) increased by 17% to $2.65, while adjusted EPS rose 12% to $2.63. For the full year, revenue reached $4.72 billion, also up 13%, with a GAAP EPS of $13.88. The company reaffirmed its 2023 outlook, projecting core revenue growth of flat to 4% and EPS between $14.25 and $15.25. Segment results were also robust, with significant profits in Residential and Commercial, despite some pressure from higher material costs.
Lennox Industries has launched the Lennox S40 Smart Thermostat, which enhances the efficiency and comfort of heating and cooling systems. This device, along with accessories like the Lennox Smart Air Quality Monitor and Lennox Smart Room Sensor, addresses increasing homeowner concerns about indoor air quality, as 82% prioritize it more now than last year. The thermostat offers features such as air pollutant detection and automated cleaning, ensuring optimal air quality. The smart suite enhances user experience with remote control options and interconnectivity with popular smart home devices.
Lennox International (NYSE: LII) will announce its fourth quarter and full year 2022 financial results before the market opens on January 31, 2023. An earnings call will take place at 8:30 a.m. Central Time the same day, featuring CEO Alok Maskara and CFO Joe Reitmeier discussing the financial outcomes and future outlook. Participants can join the conference via a toll-free number or by web streaming. A replay will be accessible until February 14, 2023.
Lennox specializes in energy-efficient climate-control solutions, focusing on sustainability and innovation in heating, cooling, and refrigeration systems.
Lennox International Inc. (NYSE: LII) announced its financial guidance for 2023, projecting core revenue growth of 0-4%, GAAP EPS of $14.25-$15.25, and capital expenditures around $250 million. For 2026, the company targets core revenue of $5.0-$5.5 billion, with an EBIT margin of 18-20%. CEO Alok Maskara highlighted expected revenue growth, despite anticipated softness in residential units. The company plans to streamline operations and divest European holdings, aiming for improved margins through productivity and cost-reduction initiatives.
Lennox International Inc. (NYSE: LII) declared a quarterly cash dividend of $1.06 per share, payable on January 13, 2023, to stockholders of record as of December 30, 2022.
The annual meeting of stockholders is set for May 18, 2023, for stockholders of record on March 28, 2023. Lennox International is a leader in energy-efficient climate-control solutions, focusing on sustainability and innovation in cooling, heating, and air quality systems.
Lennox International (NYSE: LII) has appointed Gary Bedard as President of the Residential segment, effective January 1, 2023. He succeeds Doug Young, who retires on June 30, 2023, after 24 years at the company. Under Young, Residential revenue doubled to over $3 billion, and profit tripled to over $600 million.
The company is exploring strategic alternatives for its Refrigeration segment's European operations, consolidating it with the Commercial segment to accelerate growth.
Lennox International Inc. (NYSE: LII) announced that CEO Alok Maskara will present at the Deutsche Bank 2022 Industrials Conference in New York City on November 15, 2022, at 9:15 a.m. Eastern. Interested parties can access the presentation materials and live webcast via the company's official website. The company focuses on energy-efficient climate-control solutions, enhancing sustainability and comfort in residential and commercial environments. Lennox International is known for its innovative heating, cooling, and refrigeration systems.
Lennox International (NYSE: LII) announced that CEO Alok Maskara and CFO Joe Reitmeier will present at the Baird 2022 Global Industrial Conference in Chicago on November 8, 2022, at 9:40 a.m. Access to presentation materials and a live webcast is available on their website. Lennox is recognized for its energy-efficient climate-control solutions, focusing on sustainability and innovation in cooling, heating, indoor air quality, and refrigeration systems. More details about their offerings can be found at www.lennoxinternational.com.
Lennox International reported record Q3 2022 results with revenue of $1.24 billion, a 17% increase year-over-year. GAAP EPS reached $3.99, up 17%, while adjusted EPS rose 21% to $4.10. The company updated its 2022 EPS guidance, narrowing it to a range of $13.80-$14.20 due to supply chain challenges. Segment performance was robust, with Residential and Commercial revenues increasing by 17% and 20%, respectively. Notably, total segment profit rose 15% to $189 million.
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