Lennox Q1 2024 Earnings Report
Key Takeaways
Lennox reported first quarter financial results with $1.05 billion in revenue, a record $167 million in operating profit, and $3.47 GAAP diluted earnings per share. The company is raising its 2024 EPS guidance range to $19.00-$20.00.
Revenue was $1.05 billion; core revenue up 6%, including 2% growth from acquisitions.
GAAP Operating Income $167 million; adjusted segment profit up 17% to $167 million.
GAAP diluted EPS up 26% to $3.47; adjusted diluted EPS up 23% to $3.47.
Raising 2024 EPS guidance range to $19.00-$20.00 from prior range of $18.50-$20.00.
Lennox
Lennox
Lennox Revenue by Segment
Forward Guidance
For full year 2024, we reaffirm revenue guidance of approximately 7%, with 2% of benefit from the AES acquisition. Earnings per share revised range is $19.00 to $20.00 versus the prior range of $18.50 to $20.00. Free Cash Flow is estimated to be within the range of $500 million to $600 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income