Lennox Q2 2024 Earnings Report
Key Takeaways
Lennox reported a strong second quarter with revenue of $1.45 billion, operating income of $320 million, and GAAP diluted EPS of $6.87. The company raised its full-year EPS guidance, reflecting confidence in its growth strategy and execution.
Revenue reached $1.45 billion, with core revenue up 8% year-over-year, including 2% growth from acquisitions.
GAAP operating income was $320 million, and adjusted segment profit increased by 13% to $319 million.
GAAP diluted EPS was $6.87, while adjusted diluted EPS rose by 11% to $6.83.
The company raised its full-year EPS guidance range to $19.50-$20.25 from the previous range of $19.00-$20.00.
Lennox
Lennox
Lennox Revenue by Segment
Forward Guidance
For full year 2024, the company reaffirms revenue guidance of approximately 7%, with 2% of benefit from the AES acquisition. Earnings per share revised range is $19.50 to $20.25. 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