Record-Breaking Revenue and Growth
For the first time, Lennox delivered over $5 billion in revenue and over $1 billion in adjusted segment profit. Core revenue grew 22% in Q4 and 13% for the full year. Adjusted earnings per share reached a record $5.60 for the quarter and $22.58 for the full year.
Significant Margin Expansion
Adjusted segment margin expanded by 250 basis points in Q4 and 150 basis points for the full year to 19.4%.
Robust Operating Cash Flow
The company delivered a record $332 million in operating cash flow in Q4 and $946 million for the full year.
Successful Strategic Initiatives
The completion of the initial phase of the self-help transformation plan contributed to restored margins and established a strong foundation for 2024.
New Commercial Factory Online
The new commercial factory is now operational, expected to enhance output and productivity.
Eighth Consecutive Quarter of Double-Digit EPS Growth
Achieved 54% adjusted EPS growth, driven by volume growth and effective management of refrigerant transition.