Lennox International Inc.
Lennox Reports Record Q4 and FY 2023 Results, Raises Long-Term Targets
Summary
Lennox International Inc. reported record financial results for Q4 and full-year 2023, with revenue up 6% to $1.2 billion for Q4 and 6% to $5 billion for FY 2023. GAAP diluted EPS increased by 52% to $4.04 for Q4 and 19% to $16.54 for FY 2023. The company successfully divested its European operations and has raised its long-term financial targets and provided guidance for FY 2024.
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About Lennox International Inc.
Lennox International Inc. is a prominent manufacturer and provider of heating, ventilation, air conditioning, and refrigeration (HVACR) products. Renowned for its innovative solutions, the company's primary focus is to deliver optimal indoor climate control through energy-efficient and sustainable HVAC systems. Serving both residential and commercial sectors, Lennox International's product line includes air conditioners, furnaces, heat pumps, and air handlers, among other critical components. Additionally, the company supplies refrigeration products for the food retail and service industries. Headquartered in Richardson, Texas, Lennox International leverages advanced technology and design to meet the diverse needs of its global customer base. In the financial markets, Lennox International holds a significant position, being recognized for its commitment to sustainability and its ability to adapt to evolving environmental standards and consumer preferences. With a history dating back to 1895, Lennox continues to impact multiple industries by providing reliable HVACR solutions that enhance comfort and energy efficiency.
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