Lennox reports record third quarter results and raises 2023 guidance

Q3 results summary (all comparisons are year-over-year, unless otherwise noted) revenue up 10% to $1.37 billion; core revenue excluding european operations up 10% to $1.30 billion gaap diluted eps down 9% to $3.65, impacted by impairment related to european divestiture; adjusted diluted eps up 30% to $5.37 operating cash flow up 83% to $313 million raising 2023 outlook with core revenue up ~5% and an adjusted eps range of $17.25 to $17.75 highlights from recent press announcements: company announced the acquisition of aes to expand lennox commercial hvac services company announced cfo joseph reitmeier has elected to retire and is being succeeded by michael quenzer, effective january 1, 2024 dallas , oct. 26, 2023 /prnewswire/ -- lennox (nyse: lii), a leader in energy-efficient climate-control solutions, today reported record third quarter revenue of $1.37 billion. operating income was $187 million for the third quarter, including a $63m non-cash impairment related to the planned european divestiture.
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