Lennox Q4 2020 Earnings Report
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
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