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.
Lennox International Inc. (NYSE: LII) is a manufacturer of energy-efficient climate-control solutions, and its news flow reflects developments across residential HVAC, commercial HVAC, and refrigeration markets. Company announcements frequently highlight new product introductions, investments in manufacturing and distribution, acquisitions, financial results, and community initiatives.
Recent news has included the launch of the Dave Lennox Signature Collection SLP99VK Gas Furnace, a high-efficiency residential heating product featuring an integrated Refrigerant Detection System designed to simplify installation and reduce costs for dealers. Lennox has also reported enhancements to its commercial operations, such as opening a large Regional Distribution Center in Edgerton, Kansas and scaling production in facilities in Stuttgart, Arkansas and Saltillo, Mexico to support faster fulfillment of commercial rooftop units, accessories, and VRF equipment.
Investors and industry followers can find updates on acquisitions, including the completed purchase of NSI Industries’ HVAC division with the Duro Dyne and Supco brands, which expands Lennox’s parts and supplies portfolio. Regular earnings releases and guidance updates provide insight into segment performance for Home Comfort Solutions and Building Climate Solutions, as well as information on dividends and capital allocation decisions.
Lennox news also covers digital and customer experience initiatives, such as the relaunch of the Commercial Quick Quote tool and the use of AI-powered support agents, along with recognition like inclusion in the Drucker Institute Management Top 250. Community-focused stories, including the Feel The Love program and donations of HVAC units to homeowners and nonprofits, show how the company engages with the communities it serves. This news page aggregates these updates so readers can follow key developments affecting LII.
Lennox International (NYSE: LII) will announce its fourth quarter and full year 2022 financial results before the market opens on January 31, 2023. An earnings call will take place at 8:30 a.m. Central Time the same day, featuring CEO Alok Maskara and CFO Joe Reitmeier discussing the financial outcomes and future outlook. Participants can join the conference via a toll-free number or by web streaming. A replay will be accessible until February 14, 2023.
Lennox specializes in energy-efficient climate-control solutions, focusing on sustainability and innovation in heating, cooling, and refrigeration systems.
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Lennox International Inc. (NYSE: LII) announced its financial guidance for 2023, projecting core revenue growth of 0-4%, GAAP EPS of $14.25-$15.25, and capital expenditures around $250 million. For 2026, the company targets core revenue of $5.0-$5.5 billion, with an EBIT margin of 18-20%. CEO Alok Maskara highlighted expected revenue growth, despite anticipated softness in residential units. The company plans to streamline operations and divest European holdings, aiming for improved margins through productivity and cost-reduction initiatives.
Lennox International Inc. (NYSE: LII) declared a quarterly cash dividend of $1.06 per share, payable on January 13, 2023, to stockholders of record as of December 30, 2022.
The annual meeting of stockholders is set for May 18, 2023, for stockholders of record on March 28, 2023. Lennox International is a leader in energy-efficient climate-control solutions, focusing on sustainability and innovation in cooling, heating, and air quality systems.
Lennox International (NYSE: LII) has appointed Gary Bedard as President of the Residential segment, effective January 1, 2023. He succeeds Doug Young, who retires on June 30, 2023, after 24 years at the company. Under Young, Residential revenue doubled to over $3 billion, and profit tripled to over $600 million.
The company is exploring strategic alternatives for its Refrigeration segment's European operations, consolidating it with the Commercial segment to accelerate growth.
Lennox International Inc. (NYSE: LII) announced that CEO Alok Maskara will present at the Deutsche Bank 2022 Industrials Conference in New York City on November 15, 2022, at 9:15 a.m. Eastern. Interested parties can access the presentation materials and live webcast via the company's official website. The company focuses on energy-efficient climate-control solutions, enhancing sustainability and comfort in residential and commercial environments. Lennox International is known for its innovative heating, cooling, and refrigeration systems.
Lennox International (NYSE: LII) announced that CEO Alok Maskara and CFO Joe Reitmeier will present at the Baird 2022 Global Industrial Conference in Chicago on November 8, 2022, at 9:40 a.m. Access to presentation materials and a live webcast is available on their website. Lennox is recognized for its energy-efficient climate-control solutions, focusing on sustainability and innovation in cooling, heating, indoor air quality, and refrigeration systems. More details about their offerings can be found at www.lennoxinternational.com.
Lennox International reported record Q3 2022 results with revenue of $1.24 billion, a 17% increase year-over-year. GAAP EPS reached $3.99, up 17%, while adjusted EPS rose 21% to $4.10. The company updated its 2022 EPS guidance, narrowing it to a range of $13.80-$14.20 due to supply chain challenges. Segment performance was robust, with Residential and Commercial revenues increasing by 17% and 20%, respectively. Notably, total segment profit rose 15% to $189 million.
Lennox Industries, through its Feel The Love program, partnered with 180 dealers to provide heating and cooling units to deserving community members at no cost. In its 13th year, the program delivered 210 HVAC installations across 37 U.S. states and Canadian provinces from October 8-15, 2022. Since its inception in 2009, Lennox has completed over 1,800 installations. The donated units enhance indoor air quality and reduce energy usage by up to 40%. Additionally, recipients receive extended warranties for peace of mind.
Lennox International Inc. (NYSE: LII) announced plans to report its third quarter 2022 financial results before the market opens on October 27, 2022. CEO Alok Maskara and CFO Joe Reitmeier will discuss the results during a conference call at 8:30 a.m. Central time, which can be accessed via phone or webcast. A replay will be available from 11:30 a.m. Central time on the same day until November 10, 2022. Lennox specializes in energy-efficient climate-control solutions, focusing on sustainability and innovation in climate technology.