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Lennox International logoLennox International LII

The company said revenue for Q2 2024 was $1.45 billion, and core revenue grew 8%. Adjusted segment profit rose 13% to $319 million, and adjusted segment margin was 21.9%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for Q2 2024 was $1.45 billion, and core revenue grew 8%. Adjusted segment profit rose 13% to $319 million, and adjusted segment margin was 21.9%.

  2. The company said net income for Q2 2024 was $246 million, or $6.87 per diluted share, compared with $217 million, or $6.10, a year earlier. Adjusted diluted earnings per share were $6.83.

  3. The company said operating cash flow for Q2 was $184 million ($196 million in the prior-year quarter), and capital expenditures were $33 million. It said total debt at the end of the quarter was approximately $1.3 billion, and cash, cash equivalents and short-term investments were $58 million.

  4. The company said it revised its full-year 2024 EPS guidance range to $19.50 to $20.25 from the prior range of $19.00 to $20.00. It outlined free cash flow in the range of $500 million to $600 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Revenue and Adjusted Segment Profit

The company said revenue for Q2 2024 was $1.45 billion, and core revenue grew 8%. Adjusted segment profit rose 13% to $319 million, and adjusted segment margin was 21.9%.

Source · Based on the filing body and exhibits

Q2 Net Income and Earnings Per Share

The company said net income for Q2 2024 was $246 million, or $6.87 per diluted share, compared with $217 million, or $6.10, a year earlier. Adjusted diluted earnings per share were $6.83.

Source · Based on the filing body and exhibits

Q2 Operating Cash Flow, Debt and Cash

The company said operating cash flow for Q2 was $184 million ($196 million in the prior-year quarter), and capital expenditures were $33 million. It said total debt at the end of the quarter was approximately $1.3 billion, and cash, cash equivalents and short-term investments were $58 million.

Source · Based on the filing body and exhibits

2024 Full-Year EPS Guidance

The company said it revised its full-year 2024 EPS guidance range to $19.50 to $20.25 from the prior range of $19.00 to $20.00. It outlined free cash flow in the range of $500 million to $600 million.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.