Shares of Lennox International Inc. (NYSE: LII) soared 5.15% on Tuesday, October 23rd, 2024, after the heating, ventilation, and air conditioning (HVAC) solutions provider reported strong third-quarter earnings and raised its full-year guidance.

For the quarter ended September 30, 2024, Lennox posted adjusted earnings per share of $6.68, beating analysts' consensus estimate of $6.00. The company's revenue grew 9.6% year-over-year to $1.50 billion, also surpassing Wall Street's expectation of $1.42 billion. Lennox attributed the solid performance to favorable sales volume, price/mix benefits, and contributions from acquisitions.

Looking ahead, Lennox raised its full-year 2024 earnings guidance to a range of $20.75 to $21.00 per share, up from its previous forecast of $19.50 to $20.25. The company now expects revenue to grow approximately 10% for the year, with a 2% benefit from its recent acquisition of AES.

Lennox, a leader in energy-efficient climate control solutions, has been benefiting from robust demand for its HVAC products and services. The company's focus on innovation, sustainability, and reducing carbon footprints has positioned it well in an industry driven by energy efficiency trends and environmental concerns.

Analysts remain optimistic about Lennox's growth prospects, citing the company's strong execution, expansion into new markets, and potential for further margin improvements. With its solid financial performance and positive outlook, Lennox's stock has gained nearly 33% year-to-date, outperforming the broader market.