earnings
confidence high
sentiment negative
materiality 0.70
Lennox Q3 revenue $1.06B record; adjusted EPS $3.40 vs $3.53 YoY; guidance narrowed
LENNOX INTERNATIONAL INC
2021-Q3 EPS reported
$10.10
revenue$3,229,300,000
- GAAP EPS from continuing operations $3.41, flat YoY; adjusted EPS $3.40 down 4% (incl. ~$0.55 supply chain/COVID impact).
- Supply chain and COVID disruptions reduced Q3 revenue by ~$75M and operating profit by ~$25M.
- Commercial segment margin fell 800 bps to 10.7% on factory disruptions; Refrigeration revenue up 10% with margin expansion 20 bps.
- Narrowed FY2021 guidance: revenue growth 13-15% (prev. 12-16%), adjusted EPS $12.10-$12.30 (prev. $12.10-$12.70).
- Repurchased $200M of stock in Q3; free cash flow $199M vs. $428M prior year.