Lennox International (LII) FY2024 results: revenue $5.3 billion, up 7.2% on the year
Lennox International Inc. (LII) reported revenue of $5.3 billion for fiscal 2024, the year ended 31 December 2024, up 7.2% on the year before. Net income was $811 million, up 37.5%, and diluted earnings per share $22.66. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2025.
Revenue
$5.3 billion
+7.2% on the year
FY2017FY2024
Operating margin
19.5%
15.9% a year earlier
FY2017FY2024
Net income
$811 million
+37.5% on the year
FY2017FY2024
Diluted EPS
$22.66
+37.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
946
736
302
+28.5%
Capital expenditure
164
250
101
-34.6%
Free cash flow
782
486
201
+60.9%
Free cash flow margin
14.6%
9.8%
4.3%
Cash from investing
-174
-320
-103
Cash from financing
-419
-406
-174
Depreciation and amortisation
95.1
86.0
77.9
+10.6%
Share-based compensation
28.5
30.1
21.8
-5.3%
Buybacks
53.6
0.0
300
Dividends paid
160
153
142
+4.5%
Dividend per share
$4.55
$4.36
$4.10
+4.4%
Diluted shares, weighted
36m
36m
36m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
962
393
-203
+144.8%
Debt
1,148
1,143
1,525
+0.4%
Operating lease liabilities
268
165
162
+62.6%
Finance lease liabilities
39.5
32.7
28.3
+20.8%
Other liabilities
1,203
1,208
1,056
-0.4%
Total liabilities and equity
3,620
2,941
2,568
+23.1%
Fixed assets
800
720
549
+11.1%
Goodwill
220
222
186
-0.9%
Intangible assets
45.1
n/a
n/a
Investments
7.2
8.4
8.5
-14.3%
Cash and equivalents
415
60.7
52.6
+583.9%
Receivables
661
595
608
+11.2%
Inventory
853
842
753
+1.3%
Other assets
618
493
410
+25.4%
Total assets
3,620
2,941
2,568
+23.1%
10-K for the year ended 31 December 2024, filed 11 February 2025: the filing.