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Dec 31, 2020
Lennox Q4 2020 Earnings Report
Lennox International reported record fourth quarter revenue and record cash flow for the year.
Key Takeaways
Lennox International reported a record fourth-quarter revenue of $914 million, up 3% year-over-year. GAAP EPS from continuing operations was $2.91, while adjusted EPS from continuing operations increased by 18% to a record $2.89.
Fourth-quarter revenue reached a record $914 million, a 3% increase.
GAAP EPS from continuing operations was $2.91, compared to $2.92 in the prior year.
Adjusted EPS from continuing operations rose 18% to a record $2.89.
The company reiterates 2021 guidance for adjusted revenue growth of 4-8% and GAAP and adjusted EPS from continuing operations of $10.55-$11.15.
Lennox
Lennox
Lennox Revenue by Segment
Revenue by Segment
Home Comfort Solutions Revenue
CapyFin.comBuilding Climate Solutions Revenue
CapyFin.com Forward Guidance
Lennox International reiterates its financial guidance for 2021, including revenue growth of 4-8% and GAAP and adjusted EPS from continuing operations of $10.55-$11.15.
Positive Outlook
- Revenue growth of 4-8%
- GAAP and adjusted EPS from continuing operations of $10.55-$11.15
- Corporate expenses of approximately $90 million
- Effective tax rate of approximately 21% on an adjusted basis for the full year
- Capital expenditures of approximately $135 million, including $25 million funded by insurance proceeds previously received
Revenue & Expenses
Visualization of income flow from segment revenue to net income