Lennox International yesterday reported financial results for the third quarter of 2013.
Revenue for the third quarter was $868 million, up eight per cent from the prior-year quarter.
Chairman and CEO Todd Bluedorn said the strong business momentum is continuing.
"In our residential business, revenue was up 13 per cent at constant currency, led by strong double-digit growth in replacement business with favorable price and mix. Residential profit grew 51%."
Commercial business revenue was up eight per cent with commercial profit growing 2.1 per cent.
In Refrigeration, global market conditions remained choppy. Revenue was down two per cent at constant currency on soft market conditions in Australia and Europe.
North America was up slightly, while China and South America saw strong growth.
Revenue for the third quarter was $868 million, up seven per cent from the prior-year quarter.
Gross profit for the third quarter was $237 million, up 16 per cent from the prior-year quarter while the gross margin was 27.4 per cent.
Adjusted income from continuing operations in the third quarter was $65.5 million, compared to $49.7 million, in the prior quarter.
On a GAAP basis, income from continuing operations for the third quarter was $65.8 million.
For residential heating and cooling in the third quarter 2013 revenue was up 12 per cent to $434 million.
Meanwhile, commercial heating and cooling revenue was up nine per cent to $239 million.
However, refrigeration revenue was down four per cent on the previous quarter at $195 million.