Lennox Soars to Success: A Recap of Fourth Quarter and Full Year 2024 Earnings, Plus Exciting Guidance for 2025!
Q4 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: $1.3 billion – Core revenue up 22%, including 1% growth from acquisitions
- GAAP diluted EPS: $5.52 – Adjusted diluted EPS up 54% to $5.60
- Net cash from operations: $332 million – Free cash flow: $273 million, up 50%
2024 Full Year Highlights
All comparisons are year-over-year, unless otherwise noted
- Revenue: $5.3 billion – Core revenue up 13%, including 2% growth from acquisitions
- GAAP diluted EPS: $22.54 – Adjusted diluted EPS up 26% to $22.58
- Net cash from operations: $946 million – Free cash flow: $785 million, up 61%
DALLAS , Jan. 29, 2025 /PRNewswire/ —
Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, today reported fourth quarter financial results with $1.3 billion of revenue, a record $245 million of operating income and $5.52 GAAP diluted earnings per share. Core revenue grew 22% to $1.3 billion.
How Will This Affect Me?
As a consumer, Lennox’s success in 2024 will likely translate to continued innovation and high-quality products in the climate-control solutions market. This could mean more energy-efficient options for your home or business, ultimately leading to cost savings and environmental benefits.
How Will This Affect the World?
Lennox’s strong financial performance and commitment to energy-efficient solutions will have a positive impact on the world at large. By offering sustainable products and reducing carbon footprints, Lennox is contributing to a more environmentally conscious and energy-efficient future for all.
Conclusion
In conclusion, Lennox’s impressive fourth quarter and full-year 2024 earnings demonstrate their commitment to innovation and sustainability in the climate-control solutions industry. With exciting guidance for 2025, Lennox is poised for continued success and positive impacts on both consumers and the world as a whole.
