Lennox Reports Record Third Quarter Results and Raises 2023 Guidance
2023-10-28
· Revenue up 10% to $1.37 billion; core revenue excluding European Operations up 10% to $1.30 billion· GAAP diluted EPS down 9% to $3.65, impacted by impairment related to European divestiture; adjusted diluted EPS up 30% to $5.37
· Operating cash flow up 83% to $313 million
· Raising 2023 outlook with core revenue up ~5% and an adjusted EPS range of $17.25 to $17.75