Lennox International (NYSE: LII) reported strong fourth-quarter 2024 financial results, with revenue reaching $1.3 billion, a 22% increase in core operations year-over-year. Adjusted diluted earnings per share for the quarter rose 54% to $5.60, exceeding analyst consensus estimates.
For the full year 2024, Lennox achieved record milestones, surpassing $5 billion in revenue and $1 billion in adjusted segment profit for the first time. Full-year core revenue grew 13% to $5.3 billion, and adjusted diluted earnings per share increased 26% to $22.58.
Despite the strong 2024 performance, the company's full-year 2025 guidance projected core revenue growth of approximately 2%, tempered by the effects of R-410A pre-buy in 2024. Adjusted earnings per share for 2025 is expected to be in the range of $22.00 to $23.50, which missed some Wall Street estimates and led to a stock decline.
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