Published on 24 Apr 2024 on GuruFocus.com via Yahoo Finance
Lennox International Inc. Reports Strong Q1 Earnings, Surpassing Analyst Estimates
Revenue: Reported at $1.05 billion, aligning with estimates of $1050.44 million.Net Income: Reached $124 million, surpassing the estimated $111.38 million.Earnings Per Share (EPS): GAAP diluted EPS was $3.47, exceeding the estimated $3.16.Operating Income: Increased by 20% year-over-year to $167 million, with operating profit margin expanding by 264 basis points to 15.9%.Segment Performance: Building Climate Solutions segment revenue grew 21% to $373 million, with segment profit up 56% to $78 million.Full-Year Guidance: EPS guidance for 2024 revised to $19.00-$20.00, from the previous range of $18.50-$20.00.Capital Expenditures: Amounted to $30 million, a decrease from $35 million in the prior-year quarter.
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