Lennox Q3 record revenue $1.37B, adj. EPS $5.37 (+30%), raises FY guidance; CFO succession plan

LENNOX INTERNATIONAL INC

2023-Q3 EPS reported $12.51 revenue$3,827,100,000

Record Q3 revenue $1.37B (+10% YoY); adjusted EPS $5.37 (+30%) vs $4.13 prior year.
FY2023 adjusted EPS guidance raised to $17.25-$17.75 from $15.50-$16.00; core revenue now ~5%.
Operating cash flow $313M (+83%); Commercial segment profit up 86%, Residential up 18%.
CFO Joe Reitmeier retiring Feb 2024; Michael Quenzer named successor effective Jan 1, 2024.
Acquired AES (commercial HVAC services); European divestiture with $63M impairment expected to close Q4.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Quenzer

Executive Vice President and Chief Financial Officer

LII · LENNOX INTERNATIONAL INC

Effective: 2024-01-01
Filed: October 26, 2023, 7:59 PM ET

Effective January 1, 2024, Michael Quenzer, age 46, who is currently serving as Vice President, Financial Planning & Analysis and Investor Relations, will succeed Mr. Reitmeier as Executive Vice President and Chief Financial Officer of the Company.

Departed

Joseph W. Reitmeier

Executive Vice President and Chief Financial Officer

LII · LENNOX INTERNATIONAL INC

Effective: 2023-12-31
Successor: Michael Quenzer
Filed: October 26, 2023, 7:59 PM ET

On October 23, 2023, Joseph W. Reitmeier, Executive Vice President and Chief Financial Officer, notified the Company of his decision to retire as Chief Financial Officer effective December 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LENNOX INTERNATIONAL INC reported third quarter of 2023 results: revenue $1.37 billion, net income $130.4 million, or $3.65 per share, EPS $3.65. Guidance raised.

Period: third quarter of 2023
Revenue: $1.37 billion
Net income: $130.4 million, or $3.65 per share
EPS: $3.65
Guidance: raised
Result: reported results

Exact text from the filing

______________________________________________________________________________ Q3 Results Summary (All comparisons are year-over-year, unless otherwise noted) • Revenue up 10% to $1.37 billion; core revenue excluding European Operations up 10% to $1.30 billion • GAAP diluted EPS down 9% to $3.65, impacted by impairment related to European divestiture; adjusted diluted

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Quenzer was appointed as Executive Vice President and Chief Financial Officer at LENNOX INTERNATIONAL INC.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Effective January 1, 2024, Michael Quenzer, age 46, who is currently serving as Vice President, Financial Planning & Analysis and Investor Relations, will succeed Mr. Reitmeier as Executive Vice President and Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph W. Reitmeier retired as Executive Vice President and Chief Financial Officer at LENNOX INTERNATIONAL INC.

Action: retired
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On October 23, 2023, Joseph W. Reitmeier, Executive Vice President and Chief Financial Officer, notified the Company of his decision to retire as Chief Financial Officer effective December 31, 2023.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

LENNOX INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001628280-23-035187

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