Lennox International Inc., while announcing its financial results for the fourth quarter, has also shared its earnings and revenue growth predictions for the year 2024.
The company now expects earnings and adjustments within a range of $18.50 to $20.00 per share, along with a core revenue growth of approximately 7 percent throughout the fiscal year of 2024.
Thomson Reuters' poll of average analyst expectations indicates that the company is expected to report earnings of $19.80 per share, with a revenue growth of 5.3 percent, totaling $5.16 billion for the year. These estimates generally do not consider special items.
In the fourth quarter, the net income rose to $144.5 million or $4.04 per share, up from $94.4 million or $2.65 per share in the same quarter of the previous year.
After adjusting for specific items, the quarter's earnings were $5.63 per share, which showed significant growth compared to $2.58 per share in the same quarter of the preceding year.
The quarter's net sales saw a 6 percent growth to $1.15 billion from $1.09 billion in the same quarter of the previous year. Core revenue, excluding European operations, increased 7 percent to $1.1 billion.
The general consensus had anticipated earnings of $3.46 per share and net sales of $1.13 billion for the quarter.
