Exhibit 99.1 Lennox Reports Third Quarter Results and Raises Full Year Guidance ____________________________________________________________________________ Q3 Highlights (All comparisons are year-over-year, unless otherwise noted) (Prior-year adjusted results and core revenue exclude European operations that were divested in the 4Q 2023) • Revenue $1.5 billion – Core revenue up 15%, including 2% growth from acquisitions • GAAP Operating Income $303 million – Adjusted segment profit up 21% to $303 million • ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying LII stock? Here's what analysts think: Lennox International Inc has a consensus price target of $478.44 based on the ratings of 21 analysts. The high is $675 issued by Stephens & Co. on July 25, 2024. The low is $219 issued by Credit Suisse on October 28, 2022. The 3 most-recent analyst ratings were re ...

RICHARDSON, Texas, Oct. 3, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, will report third quarter 2024 financial results before the market opens on Wednesday, October 23, 2024. An earnings conference call and webcast are scheduled for the same day at 8:30 a.m. Central Time. CEO Alok Maskara and CFO Michael Quenzer will provide a summary of the company's financial results and outlook, followed by a question-and-answer session. To participate in the earnings ...

DALLAS, Sept. 20, 2024 /PRNewswire/ -- The Lennox board of directors (NYSE: LII) approved a quarterly cash dividend of $1.15 per share of common stock, payable October 15, 2024, to stockholders of record as of September 30, 2024. About Lennox Lennox (NYSE: LII) is a leader in energy-efficient climate-control solutions. Dedicated to sustainability and creating comfortable and healthier environments for our residential and commercial customers while reducing their carbon footprint, we lead the field in innova ...

Have you been paying attention to shares of Lennox International (LII) ? Shares have been on the move with the stock up 6.7% over the past month. The stock hit a new 52-week high of $594.65 in the previous session. Lennox International has gained 30.4% since the start of the year compared to the 19.1% move for the Zacks Construction sector and the 25.7% return for the Zacks Building Products - Air Conditioner and Heating industry. What's Driving the Outperformance? The stock has an impressive record of posi ...

Below, we take a look at Lennox International (LII) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. Set to Beat the Market? For LII, shares are up 3.07% over the past week while the Zacks Building Products - Air Conditioner and Heating industry is up 2.09% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.07% ...

DALLAS, July 29, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leading provider of innovative climate solutions, marks a significant milestone at the New York Stock Exchange (NYSE) as it celebrates the 25th anniversary of its initial public offering (IPO). Since its debut on the NYSE in 1999, Lennox has evolved from a regional HVAC manufacturer to a leader in the global market, specializing in heating, cooling, and commercial refrigeration technologies. Over the past quarter-century, Lennox has grown financial ...

Lennox Commercial HVAC, Advanced Distributor Products, and Heatcraft Refrigeration Products win gold at the 2024 Dealer Design Awards. The intelliGen™ Field Mount (iFM) Kit is designed to be installed in the field for new unit coolers without factory-mounted controls or retrofit of existing unit coolers with mechanical control to utilize the latest electronic control technology for refrigeration. The Enlight High-Efficiency Dual Fuel Heat Pump packaged rooftop units, available from 2 – 20 tons with ratings ...

Part I - Financial Information [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Q2 2024 financial statements show growth in assets, equity, net sales, net income, and operating cash flow Consolidated Balance Sheet Highlights (as of June 30, 2024 vs. Dec 31, 2023) | Account | June 30, 2024 (M) | Dec 31, 2023 (M) | Change (M) | | :--- | :--- | :--- | :--- | | Total current assets | $1,765.3 | $1,433.5 | +$331.8 | | Total assets | $3,221.9 | $2,798.3 | +$423.6 | | Total current liabilities | $1,104.5 | $1,014.6 | +$89.9 | | Total liabilities | $2,644.5 | $2,513.0 | +$131.5 | | Total stockholders' equity | $577.4 | $285.3 | +$292.1 | Consolidated Statement of Operations Highlights | Metric (in millions, except EPS) | Q2 2024 | Q2 2023 | YTD 2024 | YTD 2023 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $1,451.1 | $1,411.4 | $2,498.2 | $2,460.7 | | Gross profit | $488.2 | $457.8 | $828.2 | $764.5 | | Operating income | $320.1 | $278.8 | $486.9 | $418.4 | | Net income | $245.9 | $217.2 | $370.2 | $315.2 | | Diluted EPS | $6.87 | $6.10 | $10.34 | $8.85 | Consolidated Statement of Cash Flows Highlights (Six Months Ended June 30) | Cash Flow Activity (in millions) | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $161.2 | $116.7 | | Net cash used in investing activities | $(57.2) | $(82.3) | | Net cash used in financing activities | $(118.3) | $(33.8) | | Cash and cash equivalents, end of period | $47.6 | $51.4 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses strong Q2 2024 financial performance, highlighting sales growth, margin expansion, and improved liquidity [Financial Overview and Results of Operations](index=21&type=section&id=Financial%20Overview%20and%20Results%20of%20Operations) Q2 2024 consolidated net sales and gross profit margin improved, driven by pricing, volume, and acquisition contributions Q2 2024 vs Q2 2023 Consolidated Results (in millions) | Metric | Q2 2024 | Q2 2023 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $1,451.1 | $1,411.4 | 2.8% | | Gross profit | $488.2 | $457.8 | 6.6% | | Operating income | $320.1 | $278.8 | 14.8% | - Q2 2024 net sales increase was driven by **favorable price (+3%)**, **higher sales volumes (+3%)**, and the **AES acquisition (+2%)**, partially offset by the European business divestiture (-5%)[91](index=91&type=chunk) Q2 2024 Segment Performance (in millions) | Segment | Net Sales | % Change YoY | Profit | % Change YoY | | :--- | :--- | :--- | :--- | :--- | | Home Comfort Solutions | $982.3 | 5% | $228.5 | 13% | | Building Climate Solutions | $468.8 | 15% | $114.0 | 11% | - Year-to-date gross profit margin increased by **210 bps to 33.2%** compared to 31.1% in the prior year, primarily due to favorable pricing[105](index=105&type=chunk) [Liquidity and Capital Resources](index=27&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity, with improved debt-to-capital ratio and sufficient capacity for operational and strategic needs - Net cash provided by operating activities for the first six months of 2024 was **$161.2 million**, up from $116.7 million in the same period of 2023, reflecting higher net income and changes in working capital[119](index=119&type=chunk) - The company's debt-to-total-capital ratio decreased to **69%** as of June 30, 2024, from 82% as of December 31, 2023[127](index=127&type=chunk) - As of June 30, 2024, the company had **$147.0 million** in outstanding commercial paper and no outstanding borrowings under its **$1.1 billion** revolving credit facility, with **$951.3 million** available for future borrowings[123](index=123&type=chunk)[124](index=124&type=chunk) - The company returned **$78 million** to shareholders through dividend payments in the first six months of 2024[121](index=121&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=29&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Market risk exposure, including commodity, interest rate, and foreign currency, remains materially unchanged since December 31, 2023 - There have been **no material changes** in the company's exposure to market risk since the fiscal year ended December 31, 2023[136](index=136&type=chunk) [Item 4. Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of June 30, 2024, with no material changes to internal financial reporting controls - The Chief Executive Officer and Chief Financial Officer concluded that as of June 30, 2024, the company's disclosure controls and procedures were **effective**[137](index=137&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, these controls[138](index=138&type=chunk) Part II - Other Information [Item 1. Legal Proceedings](index=30&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various claims and lawsuits, which management believes will not materially affect its financial position - Management opines that none of the ongoing claims or lawsuits will have a **material adverse effect** on the company's financial condition, results of operations, or cash flows[139](index=139&type=chunk) [Item 1A. Risk Factors](index=30&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors have occurred since those disclosed in the Annual Report on Form 10-K for December 31, 2023 - No material changes to risk factors have occurred since those disclosed in the Annual Report on Form 10-K for the year ended December 31, 2023[140](index=140&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=30&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not repurchase any common stock in Q2 2024, with $546 million remaining available under its share repurchase plans - The company did not repurchase any of its common stock in the second quarter of 2024[141](index=141&type=chunk) - As of June 30, 2024, **$546 million** was available for repurchase under the company's Share Repurchase Plans[44](index=44&type=chunk) [Item 5. Other Information](index=30&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted, modified, or terminated any Rule 10b5-1 trading arrangement during the second quarter of 2024 - No directors or officers adopted, modified, or terminated any Rule 10b5-1 trading arrangement during the second quarter of 2024[142](index=142&type=chunk) [Item 6. Exhibits](index=31&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Quarterly Report on Form 10-Q, including officer certifications and XBRL data

For the quarter ended June 2024, Lennox International (LII) reported revenue of $1.45 billion, up 2.8% over the same period last year. EPS came in at $6.83, compared to $6.15 in the year-ago quarter. The reported revenue represents a surprise of -1.37% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $6.55, the EPS surprise was +4.27%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...