LII
Lennox Q3 revenue rises 10%; forecasts adjusted EPS of $21.00-$21.50
Lennox International reported a 10% revenue increase to $1.6 billion and an operating margin of 19.8% in the third quarter, though both were below expectations due to inflation and competitive pressures. The company updated its full-year adjusted EPS guidance to $21.00-$21.50.
LII
Lennox grants long-term stock incentives
Lennox International granted Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights to named executive officer Rich Keyes. The market sees this as a retention tool aligning executive compensation with long-term profitability.
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