Lennox International ( (LII) ) has released its Q4 earnings. Here is a breakdown of the information Lennox International presented to its investors.
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Lennox International, a prominent player in energy-efficient climate-control solutions, caters to residential and commercial customers with innovative heating, cooling, and refrigeration systems. The company reported a robust financial performance for the fourth quarter and full year 2024, with significant revenue growth and record earnings per share, driven by strong sales volume and effective pricing strategies. Lennox achieved a fourth-quarter revenue of $1.3 billion, marking a 22% increase in core revenue, along with a notable rise in adjusted diluted earnings per share to $5.60. For the full year, the company recorded a revenue of $5.3 billion, with adjusted earnings per share reaching $22.58, reflecting a 26% growth. The Home Comfort Solutions segment led the charge with a 25% increase in revenue, while the Building Climate Solutions segment saw a 17% rise, supported by strategic advancements and improved operational efficiencies. Moving forward, Lennox anticipates continued steady growth in 2025, albeit at a tempered pace due to prior pre-buy effects, with core revenue expected to rise by approximately 2%.
