earnings
confidence high
sentiment positive
materiality 0.70
Lennox reports record Q1 revenue $1.01B (+9%), EPS $2.29 (+4%); raises 2022 revenue guidance to 7-11%
LENNOX INTERNATIONAL INC
2022-Q1 EPS reported
$2.29
revenue$1,013,400,000
- Record Q1 revenue $1.01B (+9%); GAAP EPS $2.29 (+4%); adjusted EPS $2.36 (+4%).
- Residential segment revenue +13% to $682M, profit +12%; Refrigeration revenue +15% (+18% constant currency), profit +78%.
- Commercial segment revenue -6%, profit -77%; margin -1,040 bps to 3.4% on labor and supply chain issues.
- Raising 2022 revenue growth guidance from 5-10% to 7-11%; reiterating EPS guidance $13.50-$14.50.
- Repurchased $200M of stock in Q1; free cash flow ($123M) vs ($42M) prior year; total debt $1.61B.