Q2 2024 Financial Highlights - Core revenue reached $15 billion, a year-over-year increase of 8%[8] - Adjusted segment profit was $319 million, up 13% year-over-year[8] - Adjusted EPS increased by 11% year-over-year to $683[8, 14] - The company is raising full-year earnings per share guidance to $1950 - $2025[8] Segment Performance - Home Comfort Solutions revenue increased to $982 million, a 5% increase from $936 million in 2023[21] - Home Comfort Solutions segment profit increased to $229 million, with a ROS of 233%[22] - Building Climate Solutions revenue increased by 15% to $469 million[31] - Building Climate Solutions segment profit increased to $114 million, with a ROS of 243%[28] Cash Flow and Capital Deployment - Operating cash flow for the second quarter was $184 million[34] - Year-to-date operating cash flow through June was $161 million[36] - The company's Return on Invested Capital (ROIC) is 44%[37] - Net Debt to Adjusted EBITDA ratio is 12x, below the long-term target of 15x[39] 2024 Financial Guidance - The company expects total LII revenue growth of approximately 7%[45] - Free cash flow is projected to be between $500 million and $600 million[43]

Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Lennox has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Ahead of this earnings release, the estimate revisions trend for Lennox: favorable. Whil ...

Exhibit 99.1 Lennox Reports Second Quarter Results and Raises Full Year Profit Guidance ____________________________________________________________________________ Q2 Highlights Core revenue grew 8% to $1.45 billion. Adjusted segment profit rose 13% to $319 million. Adjusted segment margin was up 100 basis points to a record 21.9%. Adjusted diluted earnings per share rose 11% to $6.83. "Our growth strategy and disciplined execution continues to yield impressive results," said Chief Executive Officer, Alok ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Lennox International (LII) , which belongs to the Zacks Building Products - Air Conditioner and Heating industry, could be a great candidate to consider. For the last reported quarter, Lennox came out with earnings of $3.47 per share versus the Zacks Consensus Estimate of $3.17 per share, representing a surprise of 9.46%. For the previous quarter, the ...

Core Viewpoint - Lennox International is expected to report a year-over-year increase in earnings and revenues, with analysts predicting an earnings per share (EPS) of $6.54, reflecting a 6.3% increase compared to the previous year [2][18]. Earnings Expectations - The consensus EPS estimate has been revised 0.23% higher in the last 30 days, indicating a positive reassessment by analysts [3]. - Revenues are projected to be $1.47 billion, representing a 4.2% increase from the same quarter last year [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +0.28% for Lennox, suggesting a higher likelihood of an earnings beat [6]. - Historically, Lennox has beaten consensus EPS estimates in the last four quarters, which may influence expectations for the upcoming report [8]. Analyst Sentiment - The Most Accurate Estimate for Lennox is higher than the Zacks Consensus Estimate, indicating a bullish sentiment among analysts regarding the company's earnings prospects [6]. - The stock currently holds a Zacks Rank of 2 (Buy), which enhances the predictive power of the Earnings ESP [14]. Historical Performance - In the last reported quarter, Lennox was expected to post earnings of $3.17 per share but exceeded expectations with earnings of $3.47, resulting in a surprise of +9.46% [23]. - The company's ability to consistently meet or exceed consensus estimates in the past is a factor analysts consider when making future earnings predictions [15]. Conclusion - Overall, Lennox appears to be a strong candidate for an earnings beat, but investors should also consider other factors that may influence stock performance ahead of the earnings release [25].

Below, we take a look at Lennox International (LII) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. Set to Beat the Market? For LII, shares are up 1.79% over the past week while the Zacks Building Products - Air Conditioner and Heating industry is down 0.11% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.99% compa ...

Lennox was named to the 2024 U.S. News & World Report Best Companies to Work For list with a distinction for Best in Manufacturing. Lennox India Technology Centre earned its third consecutive Great Place to Work certification. "At Lennox, we know that it's the determination and dedication of our employees that ultimately make the biggest difference for our customers. This recognition is a testament to our efforts to create a workplace where all employees can thrive", commented Dan Sessa, Lennox Executive Vi ...

Lennox International (LII) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system co ...

Forbes Home recognized Lennox as the Best Overall and Most Efficient Air Conditioner brand and ranked it among the top HVAC companies. The Lennox S40 Smart Thermostat unlocks the full potential of Lennox® heating and cooling systems while optimizing comfort and energy savings for homeowners. The Lennox S40 Smart Thermostat unlocks the full potential of Lennox® heating and cooling systems while optimizing comfort and energy savings for homeowners. "This prestigious recognition from Forbes Home is an honor re ...

New Joint Venture for World-Class Ductless Mini Split, AC, Heat Pump and VRF Solutions "It is a great pleasure to take the first step in creating a long-term HVAC industry-leading partnership with Lennox," said KS Choi, President and Chief Executive Officer of Samsung Electronics America. "Our collaboration, focused on advanced HVAC product offerings and customer networks in the growing ductless segment, will bring new solutions to the market. We look forward to launching innovative technologies together in ...