Lennox Earnings Jump in 4Q

Dow Jones

Jan 29, 2025

By Don Nico Forbes

Lennox International posted a sizable increase in earnings for the fourth quarter, driven by growth in the Home Comfort and Building Climate segments.

The Richardson, Texas, company reported a profit of $197.7 million, or $5.52 a share, compared with $145 million, or $4.04 a share, in the prior-year quarter.

Adjusted earnings per share were $5.60, beating the $4.62 that analysts surveyed by FactSet had been expecting.

Revenue grew 16% to $1.3 billion. Analysts had expected $1.24 billion. Core revenue, which strips out the company's European operations, was up 22%.

Home Comfort Solutions revenue rose 25% to $887 million, while Building Climate Solutions revenue was up 17% at $458 million.

For 2025, the company expects core revenue to rise about 2%, primarily driven by the mix of new refrigerant products, along with low single-digit increases in price and volume.

Lennox said pre-buy for legacy refrigerant products in 2024 tempered volume expectations for the year ahead.

Adjusted EPS is seen within a range of $22.00 to $23.50, compared with $22.54 in 2024.

Capital expenditures are expected at roughly $150 million, while free cash flow is estimated to be within a range of $650 million to $800 million.

Write to Don Nico Forbes at don.forbes@wsj.com

(END) Dow Jones Newswires

January 29, 2025 07:09 ET (12:09 GMT)

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Analysts had expected $1.24 billion. Core revenue, which strips out the company's European operations, was up 22%.Home Comfort Solutions revenue rose 25% to $887 million, while Building Climate Solutions revenue was up 17% at $458 million.For 2025, the company expects core revenue to rise about 2%, primarily driven by the mix of new refrigerant products, along with low single-digit increases in price and volume.Lennox said pre-buy for legacy refrigerant products in 2024 tempered volume expectations for the year ahead.Adjusted EPS is seen wit","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LII":"雷诺士"},"translate_title":"Lennox第四季度盈利大幅增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LII":1},"content_text":"By Don Nico Forbes \n\n\n \n\n\n  Lennox International posted a sizable increase in earnings for the fourth quarter, driven by growth in the Home Comfort and Building Climate segments. \n\n\n  The Richardson, Texas, company reported a profit of $197.7 million, or $5.52 a share, compared with $145 million, or $4.04 a share, in the prior-year quarter. \n\n\n  Adjusted earnings per share were $5.60, beating the $4.62 that analysts surveyed by FactSet had been expecting. \n\n\n  Revenue grew 16% to $1.3 billion. Analysts had expected $1.24 billion. Core revenue, which strips out the company's European operations, was up 22%. \n\n\n  Home Comfort Solutions revenue rose 25% to $887 million, while Building Climate Solutions revenue was up 17% at $458 million. \n\n\n  For 2025, the company expects core revenue to rise about 2%, primarily driven by the mix of new refrigerant products, along with low single-digit increases in price and volume. \n\n\n  Lennox said pre-buy for legacy refrigerant products in 2024 tempered volume expectations for the year ahead. \n\n\n  Adjusted EPS is seen within a range of $22.00 to $23.50, compared with $22.54 in 2024. \n\n\n  Capital expenditures are expected at roughly $150 million, while free cash flow is estimated to be within a range of $650 million to $800 million. \n\n\n \n\n\n  Write to Don Nico Forbes at don.forbes@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2025 07:09 ET (12:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}