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Lennox International (LII)
NYSE:LII
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$4.14Last Year’s EPS
$3.63Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 5.71%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
Lennox reported a strong quarter with record revenue growth, successful acquisitions, and raised financial guidance. However, the company faces manufacturing challenges, cost issues related to product transitions, and uncertainties in consumer behavior. Overall, the highlights outweigh the lowlights, indicating a positive sentiment.Company Guidance
During Lennox's Q3 2024 earnings call, the company reported a record quarter with a 15% increase in core revenue and an adjusted segment margin expansion of 90 basis points to 20.2%. This resulted in a 24% rise in adjusted earnings per share to $6.68. Operating cash flow soared by 44% to $452 million, while the company's return on invested capital (ROIC) improved to 47%. Both the Home Comfort Solutions (HCS) and Building Climate Solutions (BCS) segments achieved 15% revenue growth. Lennox revised its 2024 earnings per share guidance upward to a range of $20.75 to $21, alongside a raised free cash flow guidance of $575 million to $650 million. The company highlighted its strategic focus on transitioning to low GWP refrigerants, with expectations for continued growth and margin expansion into 2025.Record Double-Digit Revenue Growth
Lennox delivered a record quarter with core revenue growing 15% and adjusted segment margin expanding by 90 basis points to a Q3 record of 20.2%, resulting in a 24% increase in adjusted earnings per share to $6.68.
Strong Free Cash Flow and ROIC
The company generated an impressive $452 million in operating cash flow, a 44% increase over the same quarter last year, and achieved an industry-leading ROIC of 47%.
Successful Integration of AES Acquisition
The Building Climate Solutions segment achieved 15% revenue growth, including 6% from the AES acquisition, which was integrated ahead of schedule and delivered better-than-expected profit margins.
Raised EPS and Free Cash Flow Guidance
Lennox raised its full-year EPS guidance to $20.75 to $21 and its free cash flow guidance to $575 million to $650 million, reflecting confidence in strong profit performance and industry demand.
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LII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $594.37 | $609.74 | +2.59% |
| Jul 24, 2024 | $568.13 | $540.12 | -4.93% |
| Apr 24, 2024 | $474.74 | $465.97 | -1.85% |
| Jan 31, 2024 | $444.94 | $425.47 | -4.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lennox International (LII) report earnings?
Lennox International (LII) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Lennox International (LII) earnings time?
Lennox International (LII) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LII EPS forecast?
LII EPS forecast for the fiscal quarter 2024 (Q4) is $4.14.
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