earnings
confidence high
sentiment positive
materiality 0.75
Lennox Q2 core revenue up 8%, adjusted EPS $6.83 (+11%), raises FY EPS guidance to $19.50-$20.25
LENNOX INTERNATIONAL INC
2024-Q2 EPS reported
$10.34
revenue$2,498,200,000
- Revenue $1.45B; core revenue up 8% (organic +6%, acquisition +2%).
- GAAP EPS $6.87; adjusted EPS $6.83 (+11%). Operating income $320M (+15%).
- Home Comfort Solutions revenue $982M (+5%), segment margin 23.3% (+170 bps).
- Building Climate Solutions revenue $469M (+15%), organic +10%; margin 24.3% (-100 bps on factory ramp-up).
- FY 2024 EPS guidance raised to $19.50-$20.25 from $19.00-$20.00; FCF guidance $500M-$600M reaffirmed.