NYSE$LII

Lennox International Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported record results in Q3 2022, driven by strong price execution and increased manufacturing output.

Lennox International reported record third-quarter revenue of $1.24 billion, up 17%. GAAP earnings per share was $3.99, up 17%, and adjusted earnings per share rose 21% to $4.10.

  • Revenue up 17% to a third-quarter record of $1.24 billion.
  • GAAP EPS increased by 17% to $3.99.
  • Adjusted EPS rose by 21% to a third-quarter record of $4.10.
  • The company is updating 2022 EPS guidance from $13.80-$14.50 to $13.80-$14.20.

Headline financials

Total Revenue

$1.24B

Previous: $1.06B+17.5%
EPS (adj)

$4.10

Previous: $3.40+20.6%
Capital Expenditures

-$67M

Previous: -$68.5M+2.2%
Free Cash Flow

$74.9M

Previous: $57.8M+29.6%
Net Income

$142M

Previous: $126M+12.4%
Operating Income

$186M

Previous: $163M+14.2%
Gross Profit

$334M

Previous: $295M+13.2%
Cash & Equivalents

$40.7M

Previous: $39.4M+3.3%
Total Assets

$2.63B

Previous: $2.12B+23.7%
Stock-Based Comp

$5.8M

Previous: -$700K+928.6%

Revenue & EPS history

Lennox · Revenue · Quarterly

$1.24B

Q3 2022+17.5%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Lennox · $1.09B total across 2 segments · Q3 2022

  • Home Comfort Solutions
    $835M+17.4%
  • Building Climate Solutions
    $253M+19.6%

Forward guidance

The company is narrowing full-year 2022 EPS guidance from $13.80-$14.50 to a range of $13.80-$14.20 given ongoing supply chain inefficiencies and updating 2022 guidance for revenue growth from 10-15% to 12-15%.

Headwinds

  • Ongoing supply chain inefficiencies

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.3%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+3.3%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+13.4%

Q3 2014

Best reaction

-12.9%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+3.9%+1.2%
Q4 2025-4.0%-0.7%+14.3%
Q3 2025-9.8%-8.5%-15.3%
Q1 2025-9.0%-5.0%+1.5%
Q4 2024-8.8%-12.0%-9.3%
Q3 2024+4.4%+3.1%+10.7%
Q2 2024-4.1%+0.1%+2.6%
Q1 2024-0.2%+0.1%+5.6%
Q4 2023-5.2%-5.6%+5.6%
Q3 2023+5.7%+9.2%+22.7%
Q2 2023+8.1%+11.6%+7.4%
Q1 2023+9.7%+9.5%+9.1%
Q4 2022+9.4%+12.1%+4.2%
Q3 2022+1.4%+0.2%+14.2%
Q2 2022+5.5%+5.4%+6.9%
Q1 2022-9.2%-13.6%-16.8%
Q4 2021-4.0%-5.9%-3.5%
Q3 2021-3.0%-4.1%+2.1%
Q2 2021+3.6%+2.8%+3.4%
Q1 2021+1.4%+0.3%+3.6%
Q4 2020-4.3%-3.1%-1.7%
Q3 2020-1.5%-0.0%+2.8%
Q2 2020+2.5%+7.2%+12.9%
Q1 2020-5.9%-4.0%+4.4%
Q4 2019+3.8%+0.7%+9.4%
Q3 2019-2.3%-4.0%+0.8%
Q2 2019-5.2%-5.7%-6.3%
Q1 2019-2.2%+0.3%+2.6%
Q4 2018+1.1%+0.3%+5.0%
Q3 2018+2.2%+3.1%+10.7%
Q2 2018-3.2%-2.4%+3.0%
Q1 2018-4.0%+0.6%+4.4%
Q4 2017+2.5%+1.1%+5.1%
Q3 2017+9.0%+7.2%+8.8%
Q2 2017-5.7%-6.2%-10.4%
Q1 2017-2.1%-4.1%+1.8%
Q4 2016+3.8%+3.7%+5.8%
Q3 2016-3.7%-4.8%-4.4%
Q2 2016+2.0%+2.4%+5.6%
Q1 2016-1.2%
Q4 2015-0.3%
Q3 2015+5.4%
Q2 2015+7.5%
Q1 2015-5.2%
Q4 2014+2.8%
Q3 2014+13.4%
Q2 2014+2.3%
Q1 2014-4.2%
Q4 2013+1.4%
Q3 2013+2.9%
Q2 2013+4.7%
Q1 2013+0.0%
Q4 2012+1.3%
Q3 2012+2.4%
Q2 2012-9.3%
Q1 2012+10.5%
Q4 2011+2.7%
Q4 2008+2.7%
Q3 2011+9.6%
Q2 2011-12.9%
Q1 2010-7.7%
Q1 2011+2.0%
Q4 2010-2.3%
Q3 2009-5.5%
Q3 2010-5.5%
Q4 2009-6.3%
Q2 2010-6.3%
Q2 2009-6.3%

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