Lennox Q3 Adjusted Earnings, Net Sales Rise; Fiscal 2024 Guidance Lifted

MT Newswires Live
2024-10-23

Lennox International (LII) reported Q3 adjusted earnings Wednesday of $6.68 per diluted share, up from $5.37 a year earlier.

Analysts polled by Capital IQ expected $6.01.

Net sales for the quarter ended Sept. 30 were $1.50 billion, compared with $1.37 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.42 billion.

Lennox said it now expects fiscal 2024 EPS of $20.75 to $21, compared with its previous guidance range of $19.50 to $20.25. Analysts polled by Capital IQ expect $20.38.

Revenue for the year is now expected to grow 10%, up from the company's earlier growth estimate of 7%, it said.

The company's shares were up nearly 2.3% in recent Wednesday premarket activity.

Price: 608.00, Change: +13.63, Percent Change: +2.29

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