Lennox International (LII) has posted revenues of $US964.8 million for the quarter ended December 2021.
This compares to year-ago revenues of US$914 million. The results are significantly higher than market expectations.
Full year revenue was up 15 per cent to a record $4.19 billion.
Profit for the full year increased 19 per cent to $604 million.
The increase was largely due to double digit growth in residential revenue which had to make up for a significant drop in commercial sales due to global supply chain disruptions.
“For the year overall Lennox International posted record revenue,” the company said in a statement.
“For 2022, we are reiterating guidance for revenue growth of five to 10 per cent.”