Lennox Q1 EPS $3.47, up 26%; raises FY2024 guidance to $19.00-$20.00
LENNOX INTERNATIONAL INC
- Q1 revenue $1.05B, core up 6%; GAAP EPS $3.47 vs $2.75, adj EPS $3.47 vs $2.83.
- Home Comfort Solutions revenue down 1% to $675M; segment margin 16.6%.
- Building Climate Solutions revenue up 21% to $373M; segment margin up 480bps to 21.0%.
- Raises FY2024 EPS guidance to $19.00-$20.00 from $18.50-$20.00; reaffirms revenue growth ~7%.
- Operating cash flow improved to -$23M from -$79M; FCF guidance $500-$600M.