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 global leader in energy-efficient climate control solutions, offering a wide range of products for heating, ventilation, air conditioning, and refrigeration (HVACR). Headquartered in Texas, Lennox operates primarily in North America, having divested its European businesses in late 2023.
Lennox's operations are divided into three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The residential segment provides furnaces, air conditioners, heat pumps, indoor air quality equipment, and comfort control products, primarily for the replacement and new construction markets. The commercial segment offers unitary heating and air conditioning equipment, applied systems, controls, and service for light commercial markets. The refrigeration segment delivers innovative products for retail food chains and other industrial applications.
In 2023, Lennox reported a revenue of $5 billion, with residential HVAC contributing 68% and commercial HVAC and Heatcraft refrigeration making up the remaining 32%. The company achieved significant financial successes, including a 20% increase in operating income and notable advancements in supply chain resiliency and factory production efficiency.
Lennox's commitment to innovation and sustainability is evident in its recent initiatives. The company has introduced the Lennox Ultimate Comfort System™ and the S40 Smart Thermostat, both recognized with industry awards for their advanced technology and design. Additionally, the transition to low global warming potential (GWP) refrigerants is a strategic move towards reducing environmental impact, with new products set to meet the 2025 refrigerant regulations.
In 2024, Lennox formed a joint venture with Samsung to offer ductless AC and heat pump products in the United States and Canada. This partnership capitalizes on the strengths of both companies, aiming to provide comprehensive HVAC solutions to a broader customer base.
Financially robust, Lennox reported record fourth-quarter revenue of $1.2 billion in 2023, with operating income up 41% to $185 million. The company projects continued growth in 2024, with anticipated revenue increases driven by price and favorable product mix.
For more information, visit www.lennox.com or contact Investor Relations at investor@lennox.com.
Lennox International Inc. (NYSE: LII) will report its fourth quarter 2020 financial results on February 2, 2021, before market opening. A conference call with CEO Todd Bluedorn and CFO Joe Reitmeier is set for 8:30 a.m. Central time that day, inviting public participation. Interested listeners can join by calling 877-336-4440 (U.S.) or 409-207-6984 (international). A replay will be available from 11:00 a.m. Central time on the same day until February 16, 2021. More details can be found on their website.
Lennox International (NYSE: LII) has updated its financial outlook for 2020, raising revenue guidance from a decline of 5-9% to 4-6%, and increasing GAAP and adjusted EPS estimates. The free cash flow guidance has also been raised to approximately $475 million. For 2021, the company projects revenue growth of 4-8%, with GAAP EPS between $10.55 and $11.15. Capital expenditures are set at approximately $135 million, including $25 million from insurance proceeds. Risks include economic impacts due to COVID-19 and market performance uncertainties.
Lennox International Inc. (NYSE: LII) has declared a quarterly cash dividend of $0.77 per share, payable on January 15, 2021 to stockholders of record by December 31, 2020. Additionally, the company's annual meeting of stockholders is scheduled for May 20, 2021, for those recorded by March 23, 2021. As a leader in heating, air conditioning, and refrigeration, Lennox continues to show commitment to its shareholders through consistent dividend payouts.
Lennox International will hold a virtual investment community meeting on December 16, 2020, at 9:00 a.m. Central time. Interested participants can register via the company's website, where presentation materials will also be available. As a leader in the heating, air conditioning, and refrigeration sectors, Lennox International's stock is traded on the NYSE under the symbol LII. For further inquiries, investors can contact Steve Harrison, Vice President of Investor Relations.
Lennox International (NYSE: LII) announced that CFO Joe Reitmeier is set to present at the Credit Suisse 8th Annual Industrials Conference on December 2, 2020. The event will be held virtually, and interested parties can access the presentation materials through the company's website at www.lennoxinternational.com. With a strong presence in the heating, air conditioning, and refrigeration markets, Lennox International continues to solidify its leadership position in the industry.
Lennox International announces that Chairman and CEO Todd Bluedorn will present at the Stephens Annual Investment Conference 2020 on November 19. The virtual presentation begins at 9:00 a.m. Central time. Interested parties can access the presentation materials and live webcast on the company's website at www.lennoxinternational.com. Lennox International is a leader in heating, air conditioning, and refrigeration, and trades on the NYSE under the symbol LII.
Lennox International (NYSE: LII) announced the launch of an additional training program designed to enhance indoor air quality (IAQ) for contractors through its Building Better Air initiative. This program follows increased demand for IAQ solutions amid the COVID-19 pandemic. It offers a framework for contractors to evaluate, solve, and maintain HVAC systems to improve IAQ in commercial spaces. By leveraging its contractor network, Lennox aims to aid businesses in returning to normal operations safely with improved air quality.
Lennox International, a leader in heating, air conditioning, and refrigeration, is set to present at the Baird 2020 Global Industrial Conference on November 12. CEO Todd Bluedorn will represent the company during this virtual event. Investors can access presentation materials via the company’s official website. Lennox International is traded on the NYSE under the symbol LII.
For further inquiries, interested parties may contact Steve Harrison, Vice President of Investor Relations, at 972-497-6670.
Lennox International reported a record third-quarter revenue of $1.06 billion, up 2% year-over-year, with a GAAP operating income of $167 million, up 7%. Earnings per share surged 16% to $3.42, while adjusted EPS increased 6% to $3.53.
Residential revenue achieved a record $722 million, up 13% with a segment profit rising 21%. However, Commercial and Refrigeration segments faced declines of 18% and 14%, respectively. The company raised its full-year revenue guidance from a decline of 10-15% to 5-9%.
Lennox International installed 210 HVAC units at no cost across the U.S. and Canada as part of its Feel The Love program, benefiting medical professionals and frontline workers amid the COVID-19 pandemic. Since 2009, this initiative has provided over 1,500 installations to those facing challenges. The company aims to improve comfort and health as families spend more time at home. The program is set to continue expanding through the end of the year, allowing more community members to receive support.
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