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.

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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.

Lennox International achieves record Q3 results, eyes market opportunities

Lennox International's Q3 2024 performance reflects a strong financial position, driven by revenue growth, operational efficiency, and strategic investments.
While challenges exist in sales mix alignment and market transitions, the company's proactive stance on market trends and opportunities bodes well for future growth.
By focusing on optimizing operations, embracing market shifts, and capitalizing on identified opportunities, Lennox is poised for continued success and value creation.

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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.

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Mizuho analyst Brett Linzey initiated coverage of five Building Products companies. The analyst initiated Lennox International Inc. (NYSE:LII) with an Underperform rating and a price target of $295, implying a downside of 9.28%.

Mizuho Bullish On Johnson Controls, Allegion; Neutral On Trane, Carrier Global; Bearish On Lennox

Analysts raised Lennox International Inc's (NYSE:LII) price target following its FY22 financial guidance and reiterating the FY21 outlook. Wells Fargo analyst Saravana Raghavan raised the price target to $331 (an upside of 1.9%) from $325 and maintained an Equal Weight rating on the shares.

Analysts Tick Up Lennox Price Target Post Investor Day

Lennox International Inc. (NYSE: LII) introduced its FY22 financial guidance and reiterated its FY21 outlook. For FY22, the company expects revenue growth of 5-10%, GAAP, and adjusted EPS from continuing operations of $13.40-$14.40 (consensus of $13.87).

Lennox Reiterates FY21 Outlook; Sees 5-10% Revenue Growth In FY22

DALLAS, Dec. 15, 2021 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today announced 2022 financial guidance and is reiterating 2021 financial guidance. For the full year of 2022, the company expects: Revenue growth of 5-10% GAAP and adjusted EPS from continuing operations of $13.40-$14.40 Corporate expenses of approximately $95 million An effective tax rate of approximately 20% on an adjusted basis for the full year Capital expenditures of approximately $125 million Free cash flow of approximately $400 million Stock repurchases of $400 million For the full year of 2021, the company still expects: Revenue growth of 13-15%, including a 1% benefit from favorable foreign exchange GAAP EPS from continuing operations of $11.97-$12.17 Adjusted EPS from continuing operations of $12.10-$12.30 Corporate expenses of approximately $95 million An effective tax rate of approximately 20% on an adjusted basis for the full year Capital expenditures of approximately $135 million Free cash flow of approximately $400 million Stock repurchases of $600 million As previously announced, Lennox International is hosting a virtual investment community meeting today, starting at 9:00 a.m.

Lennox International Announces 2022 Financial Guidance

Lennox International Inc. (NYSE:LII) is an American company that provides climate-control solutions globally.

Analysis of Lennox Stock After Declaration of Quarterly Dividend

DALLAS, Dec. 7, 2021 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) will host a virtual investment community meeting on Wednesday, December 15, 2021, beginning at 9:00 a.m. Central time.

Lennox International to Host Investment Community Meeting

DALLAS, Nov. 24, 2021 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today announced that CFO Joe Reitmeier is scheduled to present virtually at the Stephens Annual Investment Conference 2021, on Monday, November 29. Presentation materials can be accessed on the company's website at www.lennoxinternational.com.

Lennox International to Present at Stephens Conference

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RICHARDSON, Texas, Nov. 1, 2021 /PRNewswire/ -- Lennox International Inc. (LII) today announced a formal commitment to set science-based targets on the reduction of greenhouse gas emissions (GHGs). In joining with the Science Based Targets initiative (SBTi) alongside a global coalition of companies leading the way toward tackling climate change, LII demonstrates the company's dedication to environmental sustainability.

Lennox International Inc. Expands Commitment to ESG Efforts Through Science Based Targets Initiative

Lennox International (LII) CEO Todd Bluedorn on Q3 2021 Results - Earnings Call Transcript

Lennox (LII) delivered earnings and revenue surprises of -6.59% and -6.11%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Lennox International (LII) Q3 Earnings and Revenues Lag Estimates

Lennox International Inc (NYSE: LII) reported third-quarter FY21 sales growth of 0.5% year-on-year, to $1.059 billion, missing the analyst consensus of $1.13 billion. Revenue in the Residential Heating & Cooling business segment declined 2% Y/Y, Commercial Heating & Cooling increased 2%, and Refrigeration rose 10%.

Lennox Q3 Earnings Miss Estimates, Tightens FY21 Outlook

DALLAS, Oct. 25, 2021 /PRNewswire/ -- Lennox International Inc. (NYSE: LII), a global leader in energy-efficient climate-control solutions, today reported financial results for the third quarter of 2021. All comparisons are to the prior-year period.

Lennox International Reports Third Quarter Results

Lennox and dealer network complete Feel The Love Week, providing essential heating and cooling equipment and installations to deserving homeowners at no cost RICHARDSON, Texas, Oct. 19, 2021 /PRNewswire/ -- Lennox Industries proudly partnered with HVAC dealers across the U.S. and Canada to install 130 HVAC units in 37 U.S. states and 5 Canadian provinces as part of the company's Feel The Love program. Selected homeowners received heating and cooling equipment free of charge throughout the second week of October in Lennox' first, week-long installation event.

Lennox Industries Partners with HVAC Dealers to Install 130 HVAC Units Across U.S and Canada for 2021 Feel The Love Program

DALLAS, Sept. 10, 2021 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today announced that Chairman and CEO Todd Bluedorn is scheduled to present at the Morgan Stanley 9th Annual Laguna Conference, being held virtually, on Tuesday, September 14.

Lennox International to Present at Morgan Stanley Conference

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Lennox International (LII) CEO, Todd Bluedorn on Q2 2021 Results - Earnings Call Transcript

Lennox International Inc (NYSE: LII) reported second-quarter FY21 sales growth of 31.7% year-on-year, to $1.24 billion, beating the analyst consensus estimate of $1.15 billion. Revenue in the Residential Heating & Cooling business segment increased 30% Y/Y to $838 million, Commercial Heating & Cooling business surged 34% to $253 million, and Refrigeration business jumped 37% to $148 million.

Lennox Reports Strong Q2 Earnings

Shares of Lennox International (NYSE:LII) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 53.87% over the past year to $4.57, which beat the estimate of $4.26.

Lennox International: Q2 Earnings Insights

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Lennox (LII) raises guidance on strategic investments and strong end-markets served.

Lennox's (LII) 2021 Earnings & Revenue View Up, CEO Retires

Lennox International Inc. (NYSE:LII) shares are trading lower by 6.6% at $313.86 Wednesday afternoon. The company earlier announced its CEO will step down in 2022 and raised its FY21 guidance, though the midpoint of guidance was still below consensus estimates.

Why Lennox Shares Are Trading Lower Today

Lennox International (NYSE:LII) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 0 0 Somewhat Bullish 0 0 0 0 Indifferent 1 1 0 1 Somewhat Bearish 0 0 0 2 Bearish 0 0 1 0 9 analysts offering 12-month price targets in the last 3 months for Lennox International evaluate the company at an average price target of $313.22 with a high of $351.00 and a low of $258.00.

Where Lennox International Stands With Analysts

DALLAS, July 14, 2021 /PRNewswire/ -- The Board of Directors of Lennox International Inc. (NYSE: LII) today announced that after 15 years, Todd Bluedorn informed the Board he will be stepping down as Chairman and Chief Executive Officer in mid-2022 based on his desire to create a better balance between his personal and professional priorities. The Board of Directors has commenced a search for the company's next CEO.

News for Lennox International Stock (LII)