Lennox International (LII) Revenue — Quarter Ended Mar 31, 2023
Revenue decreased from the prior quarter but increased compared with the same quarter a year earlier. The sequential decline reflects typical seasonal patterns, while the year-over-year gain indicates continued demand.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue decreased from the prior quarter but increased compared with the same quarter a year earlier. The sequential decline reflects typical seasonal patterns, while the year-over-year gain indicates continued demand.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
-4.1%
Change from the immediately preceding quarter.
Year-over-year
+3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.4B | +10.3% |
| Sep 30, 2022 | $1.2B | +17.5% |
| Dec 31, 2022 | $1.1B | +7.9% |
| Mar 31, 2023 | $1B | +3.6% |
Revenue performance
Revenue in the reported quarter was lower than the immediately preceding quarter, yet it rose relative to the same period last year.
Quarterly comparison
Compared with the prior quarter, revenue declined; compared with the same quarter one year ago, revenue grew.
What to watch
The company's working capital needs typically increase in the first half of the year, which may affect cash flow.