Lennox Q3 2024 Earnings Report
Key Takeaways
Lennox reported strong Q3 2024 results, with revenue of $1.5 billion and a record $303 million in operating income. GAAP diluted earnings per share were $6.68. The company raised its full-year guidance for revenue growth, EPS, and free cash flow.
Core revenue increased by 15%, driven by sales volume and price/mix benefits.
GAAP Operating Income and adjusted segment profit reached $303 million.
GAAP diluted EPS and adjusted diluted EPS both reached $6.68.
Free cash flow increased by 50% to $412 million.
Lennox
Lennox
Lennox Revenue by Segment
Forward Guidance
Lennox is increasing its full year 2024 revenue guidance to approximately 10%, with 2% of benefit from the AES acquisition. Earnings per share revised range is $20.75 to $21.00 versus the prior range of $19.50 to $20.25. Free Cash Flow is estimated to be within the range of $575 million to $650 million compared to the prior range of $500 million to $600 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income