Lennox International

Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories. The Commercial Heating & Cooling segment sells unitary heating and cooling equipment used in light commercial applications. The Refrigeration segment includes retail equipment for the commercial refrigeration market including condensing unit, unit coolers, fluid, coolers, air cooled condensers, supermarket display cases, and systems. The company was founded by Dave Lennox in 1895 and is headquartered in Richardson, TX.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Lennox International reports robust Q4 performance and strategic growth outlook

Lennox International (LII) delivered a strong performance in Q4 2022, with record revenues and profit in key segments.
Despite challenges in maintaining growth momentum and increased capital spending, the company remains focused on strategic initiatives.
Opportunities lie in new product launches, commercial profit recovery, and strategic divestitures for future growth.
Overall, Lennox is well-positioned to navigate challenges and capitalize on opportunities in 2023.

Lennox International reports record earnings, focuses on margin recovery

Lennox International maintains full-year financial guidance with a focus on margin recovery.
Company aims to improve inventory turns and optimize margins through pricing actions.
Preparation for 2025 transition with investments in service levels and product mix.

Lennox International achieves record Q2 results, eyes growth opportunities

Lennox International's Q2 2023 performance reflects a mixed segment outlook, with strong commercial results and residential challenges. Strategic initiatives and investments in the refrigerant transition position the company for future growth.

Lennox International (LII) reports record Q3 performance and eyes growth

Lennox International (LII) delivered strong financial performance in Q3 2023, driven by record revenue and profit across residential and commercial segments.
The company's strategic moves, including the acquisition of AES and pricing initiatives, position it well for future growth and margin improvement.
While facing challenges such as seasonal impacts and absorption headwinds, Lennox remains optimistic about its outlook, focusing on operational excellence and market effectiveness.

Lennox International posts robust Q4 earnings, eyes growth opportunities

Lennox International (LII) delivered strong financial results in Q4 2023, with significant growth in adjusted EPS and core revenue, setting a positive tone for 2024.
The company's focus on operational excellence, strategic investments, and long-term financial goals positions it well for sustained growth and market leadership.
While facing challenges in the market environment, Lennox International remains confident in its ability to navigate uncertainties and drive profitability through effective cost management and growth strategies.
Opportunities for expansion through industry consolidation, international markets, and product innovations present avenues for future growth and enhanced shareholder value.

Lennox International reports record Q1 profits and strategic growth

Lennox International (LII) had a strong Q1 2024 with record profit margins and growth in adjusted earnings per share.
The company is well-prepared for industry transitions and is focused on improving distribution and expanding its market presence.
While facing working capital challenges and pricing pressures, Lennox sees opportunities in product efficiency and commercial segment growth.
Overall, Lennox's performance in Q1 sets a positive tone for the year ahead with revised fiscal guidance and strategic initiatives in place.

Lennox International (LII) reports robust Q2 earnings and strategic growth outlook

Lennox International (LII) delivered strong financial performance in Q2 2024, with a focus on revenue growth, margin expansion, and strategic partnerships. The company remains optimistic about growth opportunities and is actively addressing challenges such as market transitions and investments. Analyst inquiries during the earnings call highlighted a keen interest in the company's performance metrics and future outlook.

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Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following segments: Home Comfort Solutions, Building Climate Solutions, and Corporate and Other. The Home Comfort Solutions segment is involved in furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts, and supplies. The Building Climate Solutions segment consists of unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, and compressor racks. The Corporate and Other segment refers to the unitary heating and air conditioning equipment, chillers, air handlers, fan coils, fluid coolers, and compressor racks. The company was founded by Dave Lennox in 1895 and is headquartered in Richardson, TX.

Revenue up 10% to record $1.37 billion GAAP EPS up 10% to record $4.96; Adjusted EPS up 9% to record $5.00 Repurchased $100 million of stock and paid $33 million in dividends Raising low end of 2022 EPS guidance from $13.50-$14.50 to $13.80-$14.50 DALLAS , July 28, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a leader in energy-efficient climate-control solutions, today reported financial results for the second quarter of 2022. All comparisons are to the prior-year period.

Lennox International Reports Record Revenue and Profit in Second Quarter

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DALLAS , July 11, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today announced plans to report second quarter 2022 financial results before the market opens on Thursday, July 28, 2022. A conference call is scheduled for the same day at 8:30 a.m.

Lennox International Schedules Second Quarter Conference Call

DALLAS , July 8, 2022 /PRNewswire/ -- The board of directors of Lennox International Inc. (NYSE: LII) voted to declare a quarterly cash dividend of $1.06 per share of common stock. The dividend is payable on September 15, 2022, to stockholders of record as of August 31, 2022.

Lennox International Declares Quarterly Dividend

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Lennox leads the industry as the first HVAC manufacturer to achieve the objectives outlined in the DOE's Cold Climate Heat Pump Technology Challenge RICHARDSON, Texas , June 21, 2022 /PRNewswire/ -- Lennox International Inc. (LII) was recognized by the U.S. Department of Energy (DOE) and Secretary of Energy Jennifer M. Granholm for being the first HVAC manufacturer to achieve the objectives outlined in the DOE's Cold Climate Heat Pump Technology Challenge.

Lennox International Inc. Becomes First to Complete the U.S. Department of Energy's Cold Climate Heat Pump Technology Challenge

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June 2022, The AAII Journal listed two sets of stocks sorted as: High-Yielding Dividend Payers, and Biggest Rising Dividend Payers. Those two articles revealed 40 dividend-paying-equities. The American Association of Individual Investors (AAII) is an independent non-profit corporation assisting individual investors through programs of education, information, and research.

14 June High-Yield And High-Rising Dividend Dogs Ready To Buy

DALLAS , June 7, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today announced that CEO Alok Maskara and CFO Joe Reitmeier are scheduled to present at the William Blair 42nd Annual Growth Stock Conference in Chicago on Thursday, June 9. Presentation materials and a live webcast beginning at 10:40 a.m.

Lennox International to Present at the William Blair 42nd Annual Growth Stock Conference in Chicago

DALLAS, May 31, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today announced that CEO Alok Maskara and CFO Joe Reitmeier are scheduled to host investor meetings at the KeyBanc Capital Markets 22nd Annual Industrials & Basic Materials Conference in Boston on Thursday, June 2. Presentation materials can be accessed that day on the company's website at www.lennoxinternational.com.

Lennox International to Present at the KeyBanc Capital Markets 22nd Annual Industrials & Basic Materials Conference in Boston

Shares of Lennox International Inc. LII, +0.32% rose 0.7% after the climate-control products company raised its dividend enough to lift the dividend yield above the 2% mark. The company said its quarterly dividend was increased to $1.06 a share, up 15% from the previous dividend of 92 cents a share.

Lennox lifts dividend to boost yield above the 2% mark

DALLAS , May 19, 2022 /PRNewswire/ -- The board of directors of Lennox International Inc. (NYSE: LII) voted to increase the quarterly cash dividend 15% to $1.06 per share of common stock. The dividend is payable on July 15, 2022, to stockholders of record as of June 30, 2022.

Lennox International Increases Dividend 15%

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DALLAS , May 4, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today announced the appointment of Joe Nassab as President and Chief Operating Officer of North America Commercial Heating & Cooling, effective May 4, 2022. "After 12 years of service at Lennox International, Elliot Zimmer is leaving to pursue other career opportunities," said Chairman and Interim CEO Todd Teske.

Lennox International Appoints Joe Nassab as President and COO of North America Commercial Heating & Cooling

Residents of the U.S. and Canada can  nominate local heroes and deserving homeowners until August 31 to receive heating or cooling equipment and installations at no cost RICHARDSON, Texas , May 2, 2022 /PRNewswire/ -- Nominations are now open for Lennox Industries' annual Feel The Love program. The program, now in its 13th year, recognizes deserving community heroes in the U.S. and Canada by awarding heating or cooling equipment and installation free of charge.

Lennox Industries Opens Nominations Period for Annual Feel The Love Program to Make Clean Indoor Air Accessible for All

Lennox International Inc. (NYSE:LII ) Q1 2022 Earnings Conference Call April 25, 2022 9:30 AM ET Company Participants Steve Harrison - Vice President of Investor Relations Todd Teske - Chairman and Interim Chief Executive Officer Joseph Reitmeier - Executive Vice President and Chief Financial Officer Conference Call Participants Nicole DeBlase - Deutsche Bank Julian Mitchell - Barclays Jeff Hammond - KeyBanc Capital Markets Gautam Khanna - Cowen and Company Tim Wojs - Robert W. Baird Brett Linzey - Mizuho Nigel Coe - Wolfe Research John Walsh - Credit Suisse Steve Tusa - J.P.

Lennox International Inc.'s (LII) CEO Todd Teske on Q1 2022 Results - Earnings Call Transcript

Lennox (LII) delivered earnings and revenue surprises of 16.26% and 4.92%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Lennox International (LII) Surpasses Q1 Earnings and Revenue Estimates

Revenue up 9% to first-quarter record $1.01 billion GAAP EPS up 4% to first-quarter record $2.29 Adjusted EPS up 4% to first-quarter record $2.36 Repurchased $200 million of stock in the quarter Raising 2022 guidance for revenue growth from 5-10% to 7-11% Reiterating 2022 guidance for GAAP and adjusted EPS of $13.50-$14.50 Reiterating guidance for $400 million of stock repurchases for the full year DALLAS , April 25, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today reported financial results for the first quarter of 2022. All comparisons are to the prior-year period.

Lennox International Reports Record First Quarter Revenue and Earnings Per Share

Lennox (LII) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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DALLAS , April 12, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today announced plans to report first quarter 2022 financial results before the market opens on Monday, April 25, 2022. A conference call is scheduled for the same day at 8:30 a.m.

Lennox International Schedules First Quarter Conference Call

Lennox International Inc. (NYSE: LII) has appointed Alok Maskara as its CEO, effective on May 9, 2022. Maskara succeeds Todd Bluedorn, who announced in July 2021 his plans to step down by mid-2022 as Chairman and CEO.

Lennox Names Alok Maskara As CEO; Reiterates FY22 Outlook

DALLAS , March 23, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, has appointed Alok Maskara as chief executive officer effective on May 9, 2022. Mr. Maskara succeeds Todd Bluedorn, who announced in July 2021 his plans to step down by mid-2022 as Chairman and CEO after 15 years in the role.

Lennox International Inc. Appoints Alok Maskara New Chief Executive Officer

RICHARDSON, Texas, Feb. 23, 2022 /PRNewswire/ -- Lennox Industries is launching an industry-leading limited warranty offering with customizable and complete system coverage for parts and labor, providing greater peace of mind to homeowners. Through Warranty Your Way™, homeowners now have the opportunity to obtain labor coverage on eligible heating and cooling products, as well as more limited warranty and coverage options at no additional cost, putting the power of choice in the hands of homeowners.

Lennox Industries Launches Warranty Your Way™ as the Industry First for Home Comfort System Parts and Labor Coverage at No Additional Cost

DALLAS, Feb. 21, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, today announced that CFO Joe Reitmeier is scheduled to present at the Barclays Industrial Select Conference on Wednesday, February 23, beginning at 10:20 a.m. Eastern time.

Lennox International to Present at Barclays Conference

DALLAS, Feb. 8, 2022 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, today announced that CFO Joe Reitmeier is scheduled to present at the Cowen 43rd Annual Aerospace/Defense & Industrials Conference, being held virtually, on Thursday, February 10, beginning at 1:20 p.m. Eastern time.

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