Lennox International (LII) Revenue — Quarter Ended Sep 30, 2023
Revenue in the most recent quarter decreased compared to the immediately preceding quarter but increased compared to the same period in the prior year. The company achieved year-over-year growth despite a sequential decline.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue in the most recent quarter decreased compared to the immediately preceding quarter but increased compared to the same period in the prior year. The company achieved year-over-year growth despite a sequential decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-3.2%
Change from the immediately preceding quarter.
Year-over-year
+9.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.9B
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 |
|---|---|---|
| Dec 31, 2022 | $1.1B | +7.9% |
| Mar 31, 2023 | $1B | +3.6% |
| Jun 30, 2023 | $1.4B | +3.3% |
| Sep 30, 2023 | $1.4B | +9.8% |
Revenue performance
Revenue declined from the prior quarter, reflecting a sequential slowdown. However, on a year-over-year basis, revenue grew, indicating continued annual expansion.
Quarterly comparison
Versus the prior quarter, revenue fell. Relative to the same period a year ago, revenue rose, demonstrating sustained demand.
What to watch
The company's capital expenditure program, including a new factory, represents a significant investment in manufacturing capacity.