Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Lennox International 2012 Revenue Was $2.9 Billion
Feb 8, 2013
 Printable format
 Email this Article
 Search

Lennox International Inc. (Dallas) reported fourth quarter 2012 revenue of $685 million, up 6% from the fourth quarter 2011. Total profits were 6.2%, compared to 7.0% in the prior-year quarter.

Financial results were adjusted for discontinued operations related to the divestment of its Service Experts business.

Full year 2012 revenue was $2.9 billion, up 4% from 2011. Total profit margin was 7.6% compared to 7.0% in the prior year.

"The company's performance in 2012 was led by our Residential business, which significantly outperformed the market on gains in replacement business and strong growth in new construction," said Chairman and CEO Todd Bluedorn. "Residential revenue was up 9% with profit up 17% for the year. In the face of flat commercial markets in 2012, our Refrigeration and Commercial businesses had strong operational performance. Refrigeration revenue was flat at constant currency with profit up 6%. Commercial revenue was up 3% at constant currency with profit up 14%."

Bluedorn said the fourth quarter brought revenue growth and strong operational performance across all Lennox International businesses. Residential revenue was up 9% in constant currency. Refrigeration revenue was up 2%. Commercial revenue was up 5%, primarily on the strength of non-national account business, and profit was up 25%.

Full-year Lennox International revenue was $2.9 billion, up 4%. Gross profit for the full year was $722 million, up 8% from $670 million in 2011. Gross margin was 24.5%, up 90 basis points from 23.6% in the prior year.

Adjusted income from continuing operations for 2012 was $139 million, compared to $120 million in 2011.

Lennox International reiterated its previous 2013 guidance, which called for revenue growth of 2-6%.

Back to Daily News

 

Daily News

...........................................................

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

Aug 27, 2014: Electrolux Joins AllSeen Alliance to Develop Seamlessly Connected Appliances

Aug 27, 2014: HRAI Awards Industry Leaders at 46th Annual Meeting

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows