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 International (NYSE: LII) will report its fourth quarter 2021 financial results on February 1, 2022, before the market opens. A conference call is set for the same day at 8:30 a.m. Central time, featuring comments from Chairman and CEO Todd Bluedorn and CFO Joe Reitmeier, followed by a Q&A session. Interested parties can join the call by dialing 844-291-6362 (U.S.) or 234-720-6995 (international) or by accessing the webcast on the company's website. A replay will be available until February 15, 2022.
The 2022 annual meeting of Lennox International is set for May 19, 2022, with stockholders of record as of March 28, 2022. Lennox International is a leader in energy-efficient climate-control solutions, focusing on sustainability and innovation across its air conditioning, heating, indoor air quality, and refrigeration systems. The company aims to create healthier environments while reducing carbon footprints. Lennox International trades under the stock symbol LII on the New York Stock Exchange.
Lennox International (NYSE: LII) announced its financial guidance for 2022, projecting revenue growth of 5-10% and GAAP EPS from continuing operations between $13.40 and $14.40. The company expects corporate expenses of approximately $95 million and capital expenditures around $125 million. For 2021, it maintains its guidance of 13-15% revenue growth and GAAP EPS between $11.97 and $12.17. Additionally, Lennox plans stock repurchases of $400 million for 2022 and $600 million for 2021. The company will discuss these insights during a virtual investment community meeting.
Lennox International Inc. (NYSE: LII) announced a quarterly cash dividend of $0.92 per share of common stock. This dividend is set to be paid on January 14, 2022, to stockholders of record as of December 31, 2021. This move reflects the company's ongoing commitment to returning value to its shareholders while maintaining its focus on leading in energy-efficient climate-control solutions.
Lennox International will host a virtual investment community meeting on December 15, 2021, at 9:00 a.m. Central time. Interested participants can register for the webcast by visiting www.lennoxinternational.com. Presentation materials will be accessible on the company's website on the morning of the meeting. As a leader in energy-efficient climate-control solutions, Lennox International, traded under the ticker LII, emphasizes sustainability and innovation in air conditioning and heating.
Lennox International announced that CFO Joe Reitmeier will virtually present at the Stephens Annual Investment Conference on November 29, 2021. Presentation materials will be accessible on the company's website at www.lennoxinternational.com. As a leader in energy-efficient climate-control solutions, Lennox focuses on sustainability and innovation, offering advanced systems for air conditioning, heating, and refrigeration. The company is publicly traded on the NYSE under the symbol LII.
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.
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