Lennox International Earnings: Everything You Must Know Now

Lennox International, Inc. (NYSE:LII) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Lennox International, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 73.68% to $0.33 in the quarter versus EPS of $0.19 in the year-earlier quarter.

Revenue: Decreased 2.31% to $668.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Lennox International, Inc. reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $633.98 million.

Quoting Management: “Growth continued across all three of our businesses in the first quarter with strong operational execution driving revenue up 9% and EPS up more than 70%,” said Todd Bluedorn, Chairman and CEO of Lennox International. “Our Residential business continued to lead our growth on the strength of new construction and our growth initiatives in the replacement market. Residential revenue was up 15% in the first quarter and margin expanded 250 basis points to drive segment profit up 86%. In our Commercial business, revenue was up 4%, led by strong growth in national account services. Commercial profit was up 34% as margin expanded 150 basis points. Refrigeration revenue was up 4% at constant currency on double-digit growth in Asia Pacific and South America. Refrigeration margin expanded 100 basis points, and profit grew 18%.”

Key Stats (on next page)…

Revenue decreased 2.41% from $684.9 million in the previous quarter. EPS decreased 41.07% from $0.56 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.17 to a profit $1.18. For the current year, the average estimate is a profit of $3.39, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)