Lennox Posts $1.57B in Third-Quarter Sales
LII is trading near its 52-week low of $340.32 (6.7% above the low) on elevated volume (1.9× avg).
Summary
Lennox reported third-quarter sales of $1.57B, the first hard number from the quarter, alongside third-quarter EPS of $6.41, adjusted EPS of $6.84 and net income of $221.2M, and guided to full-year EPS of $21.00 to $21.50. The top line lands against a soft backdrop: Q2 residential sales fell 7% and management cut guidance, with commercial growth and the Heat Controller acquisition carrying the quarter. Sales alone don't settle the story — margin and the residential trend will decide whether the guidance cut is behind them, and the quarter now carries reported profitability and a full-year outlook.
At the time of this announcement, LII was trading at $363.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $12.9B. The 52-week trading range was $340.32 to $587.27. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.