Lennox International Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 31, 2024 at 06:45 am
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Lennox International Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,154.8 million compared to USD 1,093.8 million a year ago. Net income was USD 144.5 million compared to USD 94.4 million a year ago. Basic earnings per share from continuing operations was USD 4.07 compared to USD 2.66 a year ago. Diluted earnings per share from continuing operations was USD 4.04 compared to USD 2.65 a year ago.
For the full year, sales was USD 4,981.9 million compared to USD 4,718.4 million a year ago. Net income was USD 590.1 million compared to USD 497.1 million a year ago. Basic earnings per share from continuing operations was USD 16.61 compared to USD 13.92 a year ago. Diluted earnings per share from continuing operations was USD 16.54 compared to USD 13.88 a year ago.
Lennox International Inc. is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Home Comfort Solutions, Building Climate Solutions, and Corporate and Other. Home Comfort Solutions segment manufacture and market a broad range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts and supplies and related products. Building Climate Solutions segment manufacture and sell unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, and others.