Lennox Provides Long-Term Financial Targets With Focus On North American End-Market

Lennox International Inc LII has put forth its FY23 financial guidance and long-term financial targets for 2026.
The company sees FY23 core revenue growth of flat to 4%, excluding the impact of the planned divestiture of the European operations.
It expects adjusted EPS of $14.25 - $15.25 versus the consensus of $14.79.
Lennox expects cash from operations of $500 million - $600 million and free cash flow of $250 million - $350 million.
It anticipates FY26 core revenue of $5.0 billion - $5.5 billion and an EBIT return on sales margin of 18% - 20%.
Lennox sees FY26 cash flow of 90% - 100% of net income on average for 2023-2026.
CEO Alok Maskara said, "For 2023, Lennox expects residential unit softness to be overcome by the cumulative impact of price, mix and productivity to deliver growth in revenue, margin and EPS."
"The overall outlook reflects the benefit of our sharp focus on the North American end-market," Maskara added.
Price Action: LII shares traded lower by 1.91% at $261.07 on the last check Wednesday.
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