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Lennox International Q3 revenue record $1.052 billion

Staff Writer |
Lennox International reported financial results for the third quarter of 2017.

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Revenue was a third-quarter record $1.052 billion, up 4%. At constant currency, revenue was up 3%.

GAAP operating income was $155 million, down 1%. GAAP earnings per share from continuing operations was a third-quarter record $2.45, up 5%.

On an adjusted basis, total segment profit increased 2% to a third-quarter record $161 million.

Total segment margin was 15.3%, down 30 basis points from the record third-quarter level of a year ago.

Adjusted EPS from continuing operations rose 9% to a third-quarter record $2.53.

Net cash from operations in the third quarter was $177 million, up from $152 million in the prior-year quarter.

Capital expenditures were $17 million compared to $18 million in the prior-year quarter.

Free cash flow was $160 million, up from approximately $134 million in the third quarter a year ago.

Total debt at the end of the third quarter was $1.124 billion.

Total cash and cash equivalents were $61 million at the end of September.

In the third quarter, the company paid approximately $22 million in dividends and $75 million for stock repurchases.


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