Lennox raises FY24 adjusted EPS view to $19.50-$20.25 from $19.00-$20.00

Consensus $20.09. Backs FY24 revenue view up 7%. Sees FY24 free cash flow $500M-$600M. “The smooth integration of AES, expanding heat pump penetration from our joint venture with Samsung, and opening our new commercial factory will continue to present long-term growth opportunities for Lennox,” Maskara continued. “These investments underscore our commitment to growth acceleration and sustained value creation for our shareholders, customers, and employees.”