earnings
confidence high
sentiment positive
materiality 0.80
Lennox Q2 record revenue $1.37B; EPS $4.96; raises FY22 guidance low end
LENNOX INTERNATIONAL INC
2022-Q2 EPS reported
$7.23
revenue$2,379,700,000
- Revenue $1.37B (+10% YoY); GAAP EPS $4.96 (+10%); adjusted EPS $5.00 (+9%).
- Residential revenue $978M (+17%), Commercial revenue $220M (-13%), Refrigeration revenue $169M (+14%).
- Refrigeration profit +73% to $23M, margin +470bps to 13.8%; Commercial profit -62% to $17M.
- Repurchased $100M stock, paid $33M dividends in Q2.
- FY22 revenue growth guidance raised to 10-15% (from 7-11%); EPS low end raised to $13.80-$14.50.