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Dec 31, 2019
Lennox Q4 2019 Earnings Report
Lennox International reported fourth quarter results, with revenue up and EPS records.
Key Takeaways
Lennox International reported a 5% increase in fourth-quarter revenue to $885 million and a 57% increase in GAAP EPS to $2.92. The company also reiterates 2020 guidance for adjusted revenue growth of 4-8% and GAAP and adjusted EPS from continuing operations of $11.30-$11.90.
Fourth-quarter revenue increased by 5% on a GAAP basis, reaching $885 million.
GAAP EPS from continuing operations rose by 57% to a record $2.92.
Adjusted EPS from continuing operations increased by 24% to a record $2.45.
The company reiterates 2020 guidance for adjusted revenue growth of 4-8%.
Lennox
Lennox
Lennox Revenue by Segment
Revenue by Segment
Home Comfort Solutions Revenue
CapyFin.comBuilding Climate Solutions Revenue
CapyFin.com Forward Guidance
Lennox International is well-positioned for a year of strong growth and profitability and reiterates guidance for 2020.
Positive Outlook
- Adjusted revenue growth of 4-8%
- GAAP and adjusted EPS from continuing operations of $11.30-$11.90
- Corporate expenses of approximately $90 million
- Effective tax rate of 21-22% on an adjusted basis for the full year
- $400 million of stock repurchases
Revenue & Expenses
Visualization of income flow from segment revenue to net income