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 Reports Record Profit in Second Quarter
Jul 22, 2014
 Printable format
 Email this Article
 Search

Global HVAC/R producer Lennox International Inc. reported second quarter 2014 revenue of $961 million, up 5% from the same quarter in 2013. Revenue at constant currency was up 6%.

Chairman and CEO Todd Bluedorn said the company had a record 12.3% total segment margin, driven by strong growth and margin expansion in both the Residential and Commercial businesses.

"Residential revenue was up 11% and segment margin expanded 220 basis points to a record 16.1%," Bluedorn said. "Residential profit rose 28% to a record $85 million. Our Commercial business set second-quarter records for revenue, margin and profit. Led by high single-digit growth in North America, Commercial segment revenue grew 5% and margin expanded 110 basis points to 16.2%. Commercial profit rose 13%.

Residential and Commercial results were offset somewhat by soft conditions in Refrigeration, Bluedorn said. The company saw weaker North American supermarket and Australian wholesale business results. Refrigeration revenue was down 7% in the second quarter, and segment margin contracted to 7.1%. Refrigeration profit was down 47% from the record levels in the second quarter of 2013.

Back to Daily News

 

Daily News

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

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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