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Sep 30, 2022
Lennox Q3 2022 Earnings Report
Reported record results in Q3 2022, driven by strong price execution and increased manufacturing output.
Key Takeaways
Lennox International reported record third-quarter revenue of $1.24 billion, up 17%. GAAP earnings per share was $3.99, up 17%, and adjusted earnings per share rose 21% to $4.10.
Revenue up 17% to a third-quarter record of $1.24 billion.
GAAP EPS increased by 17% to $3.99.
Adjusted EPS rose by 21% to a third-quarter record of $4.10.
The company is updating 2022 EPS guidance from $13.80-$14.50 to $13.80-$14.20.
Revenue by Segment
Forward Guidance
The company is narrowing full-year 2022 EPS guidance from $13.80-$14.50 to a range of $13.80-$14.20 given ongoing supply chain inefficiencies and updating 2022 guidance for revenue growth from 10-15% to 12-15%.
Challenges Ahead
- Ongoing supply chain inefficiencies
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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