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Jun 30, 2022
Lennox Q2 2022 Earnings Report
Lennox International reported record revenue and profit.
Key Takeaways
Lennox International reported record revenue of $1.37 billion, up 10%, and a record GAAP EPS of $4.96, up 10% in the second quarter of 2022. The company is raising the low end of its 2022 EPS guidance from $13.50-$14.50 to $13.80-$14.50.
Revenue increased by 10% to a record $1.37 billion.
GAAP EPS increased by 10% to a record $4.96.
Adjusted EPS increased by 9% to a record $5.00.
The company is raising the low end of EPS guidance from $13.50-$14.50 to $13.80-$14.50.
Revenue by Segment
Forward Guidance
The company is adjusting 2022 revenue growth guidance from 7-11% to 10-15% and raising the low end of EPS guidance from $13.50-$14.50 to a range of $13.80-$14.50.
Positive Outlook
- Customer demand remains strong.
- Residential business is performing well and capitalizing on growth opportunities.
- Refrigeration business is performing well and capitalizing on growth opportunities.
- Commercial segment performance is improving.
- Reiterating plans for $400 million of total stock repurchases for the full year.
Challenges Ahead
- The macroeconomic environment is challenging.
- Commercial segment is constrained by supply chain shortfall.
- Commercial segment is constrained by factory inefficiencies.
- Gross margin was impacted by inflationary pressures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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