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.
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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.
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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.
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