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Mar 31, 2022
Lennox Q1 2022 Earnings Report
Lennox International reported record first-quarter revenue and EPS, driven by strong growth in the Residential and Refrigeration businesses.
Key Takeaways
Lennox International reported a record first-quarter revenue of $1.01 billion, up 9%. GAAP EPS was $2.29, up 4%, and adjusted EPS was $2.36, up 4%. The company is raising its 2022 revenue growth guidance from 5-10% to 7-11% and reiterating its EPS guidance of $13.50-$14.50.
Revenue increased by 9% to a first-quarter record of $1.01 billion.
GAAP EPS increased by 4% to a first-quarter record of $2.29.
Adjusted EPS increased by 4% to a first-quarter record of $2.36.
The company repurchased $200 million of stock during the quarter.
Lennox
Lennox
Lennox Revenue by Segment
Forward Guidance
The company is raising revenue growth guidance from 5-10% to 7-11% and reiterating EPS guidance of $13.50-$14.50.
Revenue & Expenses
Visualization of income flow from segment revenue to net income