Lennox International Inc

LII: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$661.00	Bdmhc	Ndgxvnxz

Lennox Earnings: Higher Commercial Profitability Persists; Full-Year Midpoint EPS Guidance Raised

Brian Bernard ,

Apr 25, 2024

Lennox picked up where it left off last year as first-quarter revenue and profit margin both increased from the prior-year period thanks to continued strength in building climate solutions (previously commercial heating and cooling). Core revenue, which excludes the divested European businesses, grew 6% year over year to over $1.0 billion. Core adjusted segment profit margin expanded 150 basis points to 15.9% on favorable price and mix.

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