Lennox International Inc. - LII STOCK NEWS

Lennox International (NYSE: LII) reported a record third-quarter revenue of $1.06 billion, a modest increase year-over-year, affected by supply chain disruptions and Covid-19. GAAP operating income declined 3% to $163 million, with earnings per share at $3.41. Segment profit fell 7% to $165 million, while gross profit dropped 9% to $295 million. The company anticipates similar supply chain challenges in Q4, adjusting its full-year revenue growth forecast to 13-15% and EPS to $12.10-$12.30.

Lennox Industries, in partnership with HVAC dealers, successfully completed the Feel The Love Week, providing 130 HVAC units to deserving homeowners at no cost. This initiative took place across 37 U.S. states and 5 Canadian provinces during the second week of October 2021. The program, which has been running since 2009, aims to support individuals facing hardships, especially essential workers during the pandemic. Over the years, Lennox has installed more than 1,600 units, with each installation including a 3-year labor protection plan to ensure quality service.

Lennox International plans to report its Q3 2021 financial results on October 25, 2021, before market opening. A conference call will occur at 8:30 a.m. Central time on the same day, featuring commentary from Chairman and CEO Todd Bluedorn and CFO Joe Reitmeier, followed by a Q&A session. Interested parties can join the call or access it via webcast on the company’s website. A replay will be available from 11:00 a.m. Central time on October 25 through November 8, 2021.

The board of directors of Lennox International (NYSE: LII) has declared a quarterly cash dividend of $0.92 per share of common stock. This dividend will be payable on October 15, 2021, to stockholders of record as of September 30, 2021. Lennox International is recognized for its commitment to sustainability and energy-efficient climate-control solutions for residential and commercial sectors.

Lennox International (NYSE: LII) announced that CEO Todd Bluedorn will present at the Morgan Stanley 9th Annual Laguna Conference on September 14, 2021, at 12:00 p.m. Eastern Time. The presentation will be accessible via a live webcast on the company's website. Lennox International is a leader in energy-efficient climate-control solutions, focusing on sustainability and comfort. The company offers innovative air conditioning, heating, and indoor air quality systems, all aimed at reducing carbon footprints. More information is available at www.lennoxinternational.com.

Lennox International reported record revenue of $1.24 billion for Q2 2021, up 32% year-over-year. GAAP operating income reached $216 million, a 59% increase, with earnings per share at $4.51, up 72%. The Residential segment saw a 30% revenue rise to $838 million, while Commercial and Refrigeration segments also experienced significant growth. The company raised full-year guidance for revenue growth from 11-15% to 12-16% at actual currency.

Lennox International Inc. (NYSE: LII) announced the resignation of Chairman and CEO Todd Bluedorn, effective mid-2022, after 15 years in leadership. Bluedorn's departure aims to improve work-life balance. Under his tenure, the company's market cap increased from $2.5 billion to over $13 billion, with an annual shareholder return exceeding 18%. The Board is currently searching for his successor. Additionally, the company raised its full-year revenue growth guidance for 2021 to 11-15% and adjusted EPS expectations to $12.10-$12.70.

Lennox International Inc. (NYSE: LII) announced its second quarter 2021 financial results will be reported before market opening on July 26, 2021. A conference call will follow at 8:30 a.m. Central time, where Chairman and CEO Todd Bluedorn and CFO Joe Reitmeier will discuss the financial results and outlook, including a Q&A session. Interested parties can join by calling 877-226-8189 or via web at www.lennoxinternational.com. A replay will be available from 11:00 a.m. on the same day until August 9, 2021.

Budderfly has partnered with Lennox International (NYSE: LII) to enhance its Energy Efficiency-as-a-Service (EEaaS) offerings. This nationwide agreement allows Budderfly to implement a no upfront cost HVAC replacement program featuring Lennox’s ultra-high efficiency Model L rooftop unit. The collaboration aims to assist various industries such as assisted living facilities and quick service restaurants in upgrading their HVAC systems, thereby reducing energy costs and carbon footprints. Budderfly anticipates increased customer interest in its HVAC solutions.