Last $93.50 USD
Change Today +0.64 / 0.69%
Volume 701.8K
LII On Other Exchanges
Symbol
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

lennox international inc (LII) Snapshot

Open
$93.87
Previous Close
$92.86
Day High
$94.66
Day Low
$93.34
52 Week High
03/7/14 - $94.69
52 Week Low
10/15/14 - $72.91
Market Cap
4.5B
Average Volume 10 Days
443.4K
EPS TTM
$4.11
Shares Outstanding
48.0M
EX-Date
09/29/14
P/E TM
22.7x
Dividend
$1.20
Dividend Yield
1.15%
Current Stock Chart for LENNOX INTERNATIONAL INC (LII)

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lennox international inc (LII) Details

Lennox International Inc., through its subsidiaries, designs, manufactures, and markets climate control products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets a range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, replacement parts, and related products for residential replacement and new construction markets. The Commercial Heating & Cooling segment offers rooftop units, split system/air handler combinations, small package units, chillers, and fan coils for office and commercial buildings, restaurants, retail centers, churches, schools, shopping malls, other retail and entertainment buildings, and institutional and other field-engineered applications. The segment also provides sales, installation, maintenance, and repair services under fixed-price contracts. The Refrigeration segment offers condensing units, unit coolers, fluid coolers, air cooled condensers, compressor racks, air handlers, and process chillers, as well as supermarket display cases and systems; and sells products for non-food/industrial applications. The company sells its products and services directly, as well as through distributors, company-owned parts and supplies stores, independent dealers, and installing contractors. It operates in the United States, Canada, and internationally. Lennox International Inc. was founded in 1895 and is headquartered in Richardson, Texas.

9,700 Employees
Last Reported Date: 02/13/14
Founded in 1895

lennox international inc (LII) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $995.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $481.3K
Executive Vice President, President of LII Re...
Total Annual Compensation: $388.8K
Executive Vice President, President of LII Re...
Total Annual Compensation: $467.5K
Chief Human Resources Officer and Executive V...
Total Annual Compensation: $431.3K
Compensation as of Fiscal Year 2013.

lennox international inc (LII) Key Developments

Lennox International Inc. Enters into Credit Facility Agreement with JPMorgan Chase Bank

On November 13, 2014, Lennox International Inc. announced that it has entered into a fifth amended and restated credit facility agreement with JPMorgan Chase Bank, National Association, as administrative agent, and the other lenders party thereto. The credit agreement amends and restates the company's previous credit agreement, the fourth amended and restated revolving credit facility agreement, dated as of October 21, 2011, among the company, JPMorgan Chase Bank, National Association, as administrative agent, and the other lenders named therein. The credit agreement provides for an unsecured $650 million revolving credit facility, subject to certain conditions, that matures on November 13, 2019. The credit agreement also provides for an unsecured $300 million term loan, subject to certain conditions, which also matures on the maturity date and which requires quarterly principal repayments of $7.5 million beginning on June 30, 2015. The revolving credit facility allows up to $150 million of letters of credit to be issued and also includes a subfacility for swingline loans of up to $65 million. At the company's request and subject to certain conditions, the revolving credit and term loan commitments under the credit agreement may be increased by up to $350 million to the extent that existing or new lenders agree to provide such additional commitments. The company will pay customary fees under the credit agreement and the loans under the credit agreement will bear interest at a variable base rate or a variable rate based on the London interbank offered rate, at the company's election, plus a spread. The company may prepay the loans at any time without premium or penalty, other than customary breakage costs in the case of Eurodollar loans. The credit agreement contains several customary covenants applicable to the company and its subsidiaries including, but not limited to, limitations on certain indebtedness, liens, mergers, investments, acquisitions and asset sales. The credit agreement also contains financial covenants requiring the company and its subsidiaries to maintain a Total Indebtedness to adjusted EBITDA Ratio of no more than 3.5 to 1.00 and a cash flow to net interest expense ratio of at least 3.00 to 1.00 as of the most recently ended four fiscal quarters.

Lennox International, Inc. Presents at Goldman Sachs Global Industrials Conference, Nov-12-2014 01:30 PM

Lennox International, Inc. Presents at Goldman Sachs Global Industrials Conference, Nov-12-2014 01:30 PM. Venue: InterContinental, 510 Atlantic Ave., Boston, Massachusetts, United States. Speakers: Todd M. Bluedorn, Chairman and Chief Executive Officer.

Lennox International, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reiterates Earnings Guidance for the Year 2014

Lennox International, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operational income from continuing operations of $106.6 million, income from continuing operations before income taxes of $102.6 million, income from continuing operations of $67.5 million or $1.38 per diluted share and net income of $67.4 million or $1.38 per diluted share on net sales of $898.4 million compared to operational income from continuing operations of $103.8 million, income from continuing operations before income taxes of $100.0 million, income from continuing operations of $65.8 million or $1.30 per diluted share and net income of $64.3 million or $1.27 per diluted share on net sales of $868.0 million reported in the same period last year. Adjusted income from continuing operations in the third quarter was $70.3 million, or $1.44 earnings per share, compared to $65.5 million, or $1.30 earnings per share, in the prior-year quarter. Total debt was $435 million. Net cash from operations in the third quarter was $97 million compared to $153 million in the prior-year quarter. The company invested $19 million in capital assets in the third quarter, up from $18 million in the third quarter a year ago. Free cash flow was $78 million, compared to approximately $136 million in the prior-year quarter. Total debt at the end of the third quarter was $596 million. Capital spending in the third quarter was $19 million, up from $18 million in the third quarter a year ago. For the nine months, the company reported operational income from continuing operations of $259.6 million, income from continuing operations before income taxes of $248.6 million, income from continuing operations of $162.0 million or $3.27 per diluted share and net income of $161.2 million or $3.26 per diluted share on net sales of $2,554.6 million compared to operational income from continuing operations of $234.1 million, income from continuing operations before income taxes of $223.4 million, income from continuing operations of $145.9 million or $2.87 per diluted share and net income of $136.6 million or $2.69 per diluted share on net sales of $2,449.5 million reported in the same period last year. Net cash provided by operating activities was $23.5 million against $65.0 million a year ago. Purchases of property, plant and equipment was $59.9 million against $41.0 million reported last year. Adjusted income from continuing operations was $166.1 million or $3.36 per diluted share against $149.0 million or $2.93 per diluted share reported last year. For 2014, the company reiterates revenue and adjusted EPS from continuing operations guidance. The company reiterates revenue growth guidance of 5-7% for the full year; 1 point of negative impact from foreign exchange is still expected, reiterates adjusted EPS from continuing operations guidance of $4.30-$4.50, updates GAAP EPS from continuing operations guidance from $4.27-$4.47 to $4.21-$4.41, reiterates corporate expense guidance of approximately $70 million, reiterates effective tax rate guidance of 34-35% on a full-year basis and reiterates capital expenditure guidance of approximately $90 million. The continues to expect capital expenditures of $90 million.

 

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LII

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Valuation LII Industry Range
Price/Earnings 23.7x
Price/Sales 1.4x
Price/Book 9.0x
Price/Cash Flow 22.9x
TEV/Sales 1.2x
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