AI English summary of an SEC filing — figures as filed
Lennox International LIIThe company said net sales for Q1 2024 were relatively flat at $1,047 million compared with Q1 2023, operating income rose $27 million to $167 million, and diluted earnings per share were $3.47 (versus Q1 2023 $2.75).
Key points
AI summaryThe company said net sales for Q1 2024 were relatively flat at $1,047 million compared with Q1 2023, operating income rose $27 million to $167 million, and diluted earnings per share were $3.47 (versus Q1 2023 $2.75).
The company said gross profit margin for Q1 rose 330 basis points to 32.5% (29.2% in the same period last year), and that price accounted for 300 basis points of the increase. SG&A rose $3 million to $171 million, or 16.3% of net sales.
The company said net sales at Building Climate Solutions rose 21% in Q1 and segment profit increased $28 million, while Home Comfort Solutions net sales fell 1% and its segment profit rose $1 million. It also said Corporate and Other net sales decreased $60 million.
As of March 31, 2024, the company said commercial paper of $250.0 million was outstanding, and that $836.3 million of its $1.1 billion credit facility was available for future borrowings. Net cash provided by financing activities in Q1 was $42 million, and the company paid $39 million in dividends.
Key figures
Quarter ended March 31, 2024
- Revenue
- $1.0B
- Operating income
- $167M
- Net income
- $124M
- EPS
- $3.47
- Gross profit
- $340M
- Operating cash flow
- −$23M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Lennox International Q1 2024 Net Sales, Operating Income and EPS
The company said net sales for Q1 2024 were relatively flat at $1,047 million compared with Q1 2023, operating income rose $27 million to $167 million, and diluted earnings per share were $3.47 (versus Q1 2023 $2.75).
Source · Based on the MD&A text of the filing
Q1 Gross Margin and SG&A
The company said gross profit margin for Q1 rose 330 basis points to 32.5% (29.2% in the same period last year), and that price accounted for 300 basis points of the increase. SG&A rose $3 million to $171 million, or 16.3% of net sales.
Source · Based on the MD&A text of the filing
Segment Net Sales and Segment Profit Changes
The company said net sales at Building Climate Solutions rose 21% in Q1 and segment profit increased $28 million, while Home Comfort Solutions net sales fell 1% and its segment profit rose $1 million. It also said Corporate and Other net sales decreased $60 million.
Source · Based on the MD&A text of the filing
Borrowing Capacity as of March 31, 2024 and Q1 Cash Flows
As of March 31, 2024, the company said commercial paper of $250.0 million was outstanding, and that $836.3 million of its $1.1 billion credit facility was available for future borrowings. Net cash provided by financing activities in Q1 was $42 million, and the company paid $39 million in dividends.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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