Lennox (LII) Tops Q3 EPS by 68c, Beats on Revenue; Offers FY23 EPS Guidance

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Go back to Lennox (LII) Tops Q3 EPS by 68c, Beats on Revenue; Offers FY23 EPS Guidance

Lennox Reports Record Third Quarter Results and Raises 2023 Guidance

October 26, 2023 6:45 AM EDT

Q3 Results Summary
(All comparisons are year-over-year, unless otherwise noted)

Revenue up 10% to $1.37 billion; core revenue excluding European Operations up 10% to $1.30 billionGAAP diluted EPS down 9% to $3.65, impacted by impairment related to European divestiture; adjusted diluted EPS up 30% to $5.37Operating cash flow up 83% to $313 millionRaising 2023 outlook with core revenue up ~5% and an adjusted EPS range of $17.25 to $17.75

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