AI English summary of an SEC filing — figures as filed
Lennox International LIIThe company said net sales for Q2 2024 rose 3% year over year to $1,451 million, operating income increased $41 million to $320 million, and net income was $246 million. It said diluted earnings per share were $6.87, compared with $6.10 in the same period a year earlier.
Key points
AI summaryThe company said net sales for Q2 2024 rose 3% year over year to $1,451 million, operating income increased $41 million to $320 million, and net income was $246 million. It said diluted earnings per share were $6.87, compared with $6.10 in the same period a year earlier.
The company said gross profit margin for Q2 rose to 33.6%, up 120 basis points from 32.4% in the same period a year earlier, and cited price as contributing 240 basis points. Home Comfort Solutions posted a 5% increase in net sales and a $26 million increase in segment profit, while Building Climate Solutions posted a 15% increase in net sales and a $11 million increase in segment profit.
The company said net sales in Corporate and Other fell $68 million in Q2 and the segment loss increased $2 million. It also said its European businesses, which were sold in Q4 2023, generated net sales of $68 million and segment profit of $2 million in Q2 2023.
The company said its debt-to-total-capital ratio fell to 69% as of June 30, 2024 from 82% as of December 31, 2023. Net cash used in financing activities was $118 million for the 6 months ended June 2024, and it paid $78 million in dividends over the same period.
Key figures
Quarter ended June 30, 2024
- Revenue
- $1.5B
- Operating income
- $320M
- Net income
- $246M
- EPS
- $6.87
- Gross profit
- $488M
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.
Q2 2024 Net Sales $1,451 million, Operating Income $320 million
The company said net sales for Q2 2024 rose 3% year over year to $1,451 million, operating income increased $41 million to $320 million, and net income was $246 million. It said diluted earnings per share were $6.87, compared with $6.10 in the same period a year earlier.
Source · Based on the MD&A text of the filing
Gross Margin 33.6% in Q2; Segment Results
The company said gross profit margin for Q2 rose to 33.6%, up 120 basis points from 32.4% in the same period a year earlier, and cited price as contributing 240 basis points. Home Comfort Solutions posted a 5% increase in net sales and a $26 million increase in segment profit, while Building Climate Solutions posted a 15% increase in net sales and a $11 million increase in segment profit.
Source · Based on the MD&A text of the filing
Corporate and Other: Impact of European Business Sale
The company said net sales in Corporate and Other fell $68 million in Q2 and the segment loss increased $2 million. It also said its European businesses, which were sold in Q4 2023, generated net sales of $68 million and segment profit of $2 million in Q2 2023.
Source · Based on the MD&A text of the filing
6-Month Financing Cash Flow and Debt-to-Total-Capital Ratio
The company said its debt-to-total-capital ratio fell to 69% as of June 30, 2024 from 82% as of December 31, 2023. Net cash used in financing activities was $118 million for the 6 months ended June 2024, and it paid $78 million in dividends over the same period.
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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