Lennox International Inc
LII: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$494.00 | Bsdrvsb | Vxjmjjy |
Lennox Earnings: Positive Momentum Likely to Continue in 2024; Raises 2026 Financial Targets
Lennox enjoyed a good year in 2023 despite normalizing demand for residential heating, ventilation, and air-conditioning systems that was exacerbated by independent distribution channel destocking. Full-year core revenue (excluding revenue from divested European businesses) increased 6% year over year to over $4.7 billion, and adjusted core segment operating margin expanded 300 basis points to 17.9%.