Earnings Call Summary | Lennox International(LII.US) Q1 2024 Earnings Conference
Earnings Call Summary | Lennox International(LII.US) Q1 2024 Earnings Conference
The following is a summary of the Lennox International Inc. (LII) Q1 2024 Earnings Call Transcript:
以下是倫諾克斯國際公司（LII）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Lennox's core revenue increased by 6%, and the adjusted segment margin grew 157 basis points to 15.9%, resulting in a 23% increase in adjusted earnings per share to $3.47.
Operating cash usage declined from $79 million in the prior year to $23 million.
Home Comfort Solutions segment reported a revenue decline but marginal EBIT growth, resulting in a 30 basis point margin expansion.
Building Climate Solutions segment achieved highest Q1 margins driven by growth in both revenue and profit.
倫諾克斯的核心收入增長了6％，調整後的分部利潤率增長了157個點子至15.9％，使調整後的每股收益增長了23％，至3.47美元。
運營現金使用量從上一年的7900萬美元下降至2300萬美元。
家居舒適解決方案板塊報告收入下降，但息稅前利潤略有增長，導致利潤率增長了30個點子。
在收入和利潤增長的推動下，建築氣候解決方案板塊實現了第一季度最高的利潤率。
Business Progress:
業務進展：
Lennox is preparing for upcoming regulatory changes related to Low GWP, projecting an over 10% product price increase.
A new factory in Saltillo, Mexico is set to open in early Q3 under Building Climate Solutions segment.
Lennox is evolving into a tech-enabled distributor, with nearly half of all residential sales coming from their digital platform.
Lennox aims to reinforce its distribution network as part of a multi-year effort; shows early signs of success through high customer fulfillment rate and net promoter score.
Ongoing investments in personnel and technology to boost the network are reflected in Q1 numbers.
Lennox anticipates growth in commercial volume from new factory investments, pricing excellence, and market share gain from refrigerant changes.
Increase in production costs expected due to line shutdowns for transitioning from product 410A to 454B.
Lennox plans to offset cost increase of raw material through pricing strategies to stay ahead of inflation.
Despite demand surge, maximizing production capacity remains a priority. The company predicts volume growth in Q2, maintaining or exceeding market growth rates.
Lennox正在爲即將到來的與低GWP相關的監管變化做準備，預計產品價格將上漲10％以上。
位於墨西哥薩爾蒂略的新工廠定於第三季度初在建築氣候解決方案板塊下開業。
Lennox正在發展成爲一家以科技爲主的分銷商，將近一半的住宅銷售來自其數字平台。
作爲多年努力的一部分，Lennox旨在加強其分銷網絡；通過較高的客戶滿意率和淨推薦值顯示出成功的早期跡象。
爲增強網絡而持續進行的人員和技術投資反映在第一季度的數據中。
倫諾克斯預計，新工廠投資、卓越定價以及製冷劑變化帶來的市場份額增長將帶來商業量的增長。
由於從410A產品過渡到454B產品的生產線關閉，預計生產成本將增加。
倫諾克斯計劃通過定價策略抵消原材料成本的增加，以保持通貨膨脹領先地位。
儘管需求激增，但最大限度地提高產能仍然是當務之急。該公司預測第二季度銷量將增長，將保持或超過市場增長率。
More details: Lennox International IR
更多詳情： 倫諾克斯國際 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。