Lennox International (LII) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter decreased sequentially but rose from the same period last year. The sequential decline reflects typical seasonal patterns, while the year-over-year gain indicates underlying business growth.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter decreased sequentially but rose from the same period last year. The sequential decline reflects typical seasonal patterns, while the year-over-year gain indicates underlying business growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-15.5%
Change from the immediately preceding quarter.
Year-over-year
+5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$5B
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 |
|---|---|---|
| Mar 31, 2023 | $1B | +3.6% |
| Jun 30, 2023 | $1.4B | +3.3% |
| Sep 30, 2023 | $1.4B | +9.8% |
| Dec 31, 2023 | $1.2B | +5.6% |
Revenue performance
The company reported lower revenue compared to the immediately preceding quarter, yet outperformed the prior-year quarter.
Quarterly comparison
Quarter-over-quarter, revenue contracted. However, year-over-year, it expanded, showing positive momentum.
What to watch
Monitor whether the sequential decline persists into the next quarter, given seasonal working capital patterns.