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.
Overview
Lennox International (NYSE: LII) is a renowned manufacturer and marketer of energy-efficient HVAC and refrigeration systems. By integrating cutting-edge technology and precision engineering, Lennox offers superior climate control solutions that serve both residential and commercial markets. This expertise in energy-efficient HVAC systems, climate control solutions, and refrigeration technology positions Lennox as a pivotal provider in the industry.
Business Operations
Lennox operates through distinct segments to address a broad range of customer needs. The residential segment focuses on furnaces, air conditioners, heat pumps, packaged heating and cooling systems, and essential indoor air quality equipment for both new construction and replacement markets. The commercial segment delivers unitary HVAC solutions, applied systems, and variable refrigerant flow products that cater to light commercial as well as larger systems. Additionally, the refrigeration segment complements the business by integrating innovative technologies to meet market demands.
Technological Innovation and Market Position
Innovation is central to Lennox's mission. The company continuously incorporates state-of-the-art technology to enhance efficiency and product performance. With a focus on advanced control systems, integrated smart solutions, and low global warming potential refrigerants, Lennox ensures its products are both environmentally friendly and highly effective. The commitment to meeting evolving industry standards underlines the company’s dedication to excellence and positions it as a trusted name in climate control solutions.
Competitive Differentiation
Lennox differentiates itself through robust engineering, meticulous product development, and a strategic approach to market distribution. Its suite of offerings is designed not only to provide exceptional comfort but also to address challenges such as rising energy costs and stringent environmental regulations. By leveraging partnerships and embracing innovations like smart compatibility and advanced variable refrigerant flow technology, Lennox maintains a strong competitive edge in a crowded market.
Customer Focus and Industry Expertise
The company places a strong emphasis on customer service and tailored solutions. With an extensive product portfolio that spans residential and commercial applications, Lennox meets the diverse demands of its customers. Its ongoing commitment to quality and efficiency reflects deep industry expertise and reinforces its reputation as a reliable provider of energy-efficient climate control solutions.
Conclusion
Through a distinguished focus on technological advancement, precise engineering, and customer service, Lennox International has established itself as a key contributor to the HVAC and refrigeration sectors. Its sustained commitment to energy efficiency and innovation continues to build lasting trust among customers and stakeholders, ensuring that its comprehensive range of climate control solutions remains ever relevant and exemplary.
Lennox (NYSE:LII) has announced the appointment of Sarah Martin as Executive Vice President and President of Home Comfort Solutions, effective April 28, 2025. Martin succeeds Gary Bedard, who will retire after 26 years with the company.
Martin brings over 25 years of global leadership experience in manufacturing and technology, including 13 years at Honeywell International where she most recently served as president of Honeywell Sensing Solutions. She previously held leadership roles at CTS and received her MBA from Edinburgh Business School.
CEO Alok Maskara highlighted Martin's expertise in leading large-scale businesses, optimizing distribution channels, and driving profitability growth as key assets for Lennox's North America growth strategy. Bedard, who joined Lennox in 1998, progressed from district manager to leading the Home Comfort Solutions segment, leaving a legacy of growth and talent development.
Lennox (NYSE: LII) has announced its latest quarterly dividend distribution. The company's Board of Directors has approved a quarterly cash dividend of $1.15 per share of common stock. The dividend will be paid on May 15, 2025, to stockholders who are recorded as shareholders as of April 30, 2025.
Lennox Residential HVAC has launched the Dave Lennox Signature® Collection SL22KLV Cold Climate Heat Pump, designed to operate in temperatures as low as -20°F with efficiency levels 150% higher at colder temperatures compared to standard heat pumps. The system features efficiency ratings of up to 21.10 SEER2, 13.2 EER2, and 10.50 HSPF2.
The SL22KLV incorporates a variable-speed compressor with electronic refrigerant injection technology, adjusting energy usage based on outdoor temperatures. It pairs with the Lennox S40 Smart Thermostat for automated temperature control and uses low global warming potential R-454B refrigerant to reduce environmental impact.
The product is eligible for the Energy Efficient Home Improvement Credit and follows Lennox's successful completion of the first phase of the U.S. Department of Energy's Residential Cold Climate Heat Pump Technology Challenge in 2022.
Lennox (NYSE: LII) has announced that its Elite Series EL297V Gas Furnace has been awarded the prestigious GOOD DESIGN® Award from The Chicago Athenaeum: Museum of Architecture and Design and Metropolitan Arts Press The award, established in 1950, recognizes innovation and sustainability in design.
The EL297V Gas Furnace features a 97% AFUE rating, qualifying for ENERGY STAR® certification and 25C Tax Credit eligibility. Key features include a two-stage gas valve, variable-speed blower motor, and advanced built-in controls for automatic configuration and precision airflow. These features ensure consistent performance, quiet operation, and balanced airflow throughout homes.
According to Prakash Bedapudi, Lennox EVP and Chief Technology Officer, this recognition demonstrates their commitment to creating innovative, high-efficiency heating solutions. The award adds to Lennox's legacy of design excellence, following previous GOOD DESIGN® Awards for products like the SL25XPV Heat Pump and S40 Smart Thermostat.
Lennox (NYSE: LII) and Samsung have launched their joint venture's first ductless heat pump products through Samsung Lennox HVAC North America. The collaboration introduces two key product lines: Lennox Powered by Samsung mini-split systems and the Varix™ VRF lineup.
The mini-split systems feature low GWP refrigerant, Samsung SmartThings app compatibility for remote management, and variable-capacity operation for optimal energy efficiency. Homeowners may qualify for the Energy Efficient Home Improvement Credit.
The Varix™ VRF systems target commercial applications, offering multi-zone heating and cooling control to reduce operating costs. The joint venture plans to expand its product offering in 2025 with additional single-zone heat pump models and low GWP VRF products.
Lennox (NYSE: LII) reported strong Q4 2024 results with revenue of $1.3 billion, representing 22% core revenue growth. The company achieved record operating income of $245 million and GAAP diluted EPS of $5.52. Adjusted diluted EPS increased 54% to $5.60.
For full year 2024, revenue reached $5.3 billion with core revenue up 13%. GAAP diluted EPS was $22.54, while adjusted diluted EPS rose 26% to $22.58. Free cash flow improved 61% to $785 million.
The Home Comfort Solutions segment showed impressive performance with 25% Q4 revenue growth, while Building Climate Solutions segment revenue increased by 17%. For 2025, Lennox expects core revenue to grow approximately 2%, with adjusted EPS guidance of $22.00-$23.50 and free cash flow projected between $650-800 million.
Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, has announced it will release its fourth quarter and full year 2024 financial results before market opening on Wednesday, January 29, 2025. The company will also present its 2025 guidance and updated long-term targets during an earnings conference call scheduled for 8:30 a.m. Central Time on the same day.
CEO Alok Maskara and CFO Michael Quenzer will lead the conference call, providing a financial results summary and outlook, followed by a Q&A session. The event will be accessible via phone and webcast, with replay available until February 5, 2025.
Lennox (NYSE: LII), a leading provider of innovative climate control solutions, has announced its inclusion in the S&P 500 Index, effective prior to the opening of trading. This milestone reflects the company's sustained growth and innovation in HVACR products. The S&P 500, widely recognized as the premier gauge of the U.S. large-cap market, includes 500 leading companies across all sectors. Selection criteria include market capitalization, financial performance, and economic contribution.
CEO Alok Maskara highlighted this achievement as a testament to their growth strategy and stakeholder trust, marking 130 years of industry leadership. The company emphasizes its core values of Integrity, Respect, and Excellence in this transformation.
Lennox (NYSE: LII) has been named to the Wall Street Journal's 2024 Best-Managed Companies list for the second consecutive year. The recognition, based on the Drucker Institute's Management Top 250 ranking, evaluates companies on customer satisfaction, employee engagement, innovation, social responsibility, and financial strength.
In 2024, Lennox introduced low global warming potential (GWP) products across its segments and won three gold Dealer Design Awards. The company formed a strategic joint venture with Samsung to create Samsung Lennox HVAC North America, combining their expertise in ductless AC and heat pump products. The company also expanded its community involvement through the LII Lennox Foundation's 'Lennox Days of Good' initiative, which organized 94 volunteer events with over 2,000 employees participating globally.
Lennox (NYSE: LII) has announced two key corporate events. The company's board of directors has declared a quarterly cash dividend of $1.15 per share of common stock, payable on January 15, 2025, to stockholders of record as of December 31, 2024. Additionally, Lennox has scheduled its 2025 annual meeting of stockholders for May 22, 2025, with a record date of March 28, 2025.
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