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Dec 31, 2022

Lennox Q4 2022 Earnings Report

Lennox reported record revenue and EPS for Q4 2022.

Key Takeaways

Lennox reported a 13% increase in revenue to $1.09 billion for the fourth quarter of 2022. GAAP EPS increased by 17% to $2.65, and adjusted EPS increased by 12% to $2.63. The company's operating income rose by 35% to $132 million.

Fourth quarter revenue increased by 13% to a record $1.1 billion.

GAAP EPS increased by 17% to $2.65.

Adjusted EPS increased by 12% to $2.63.

Operating income was up 35% to $132 million.

Total Revenue
$1.09B
Previous year: $965M
+13.4%
EPS
$2.63
Previous year: $2.35
+11.9%
Total Segment Margin
12.1%
Home Comfort Margin
16.9%
Building Climate Margin
11.6%
Gross Profit
$285M
Previous year: $254M
+12.2%
Cash and Equivalents
$52.6M
Previous year: $31M
+69.7%
Free Cash Flow
$98M
Previous year: $80.9M
+21.1%
Total Assets
$2.57B
Previous year: $2.17B
+18.2%

Lennox

Lennox

Lennox Revenue by Segment

Forward Guidance

Lennox is reiterating its 2023 outlook with core revenue flat to up 4% and EPS of $14.25-$15.25.

Revenue & Expenses

Visualization of income flow from segment revenue to net income