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Lennox To Sell Its Germany-based Hyfra Process Cooling Business Unit To The Glen Dimplex Group
(RTTNews) - Climate-control solutions firm Lennox International, Inc. (LII) announced Friday it has entered into a definitive agreement to sell its Krunkel, Germany-based Hyfra Process Cooling business unit to the Glen Dimplex Group.
The company said the divestiture of its European business will enable it to continue its focused strategy on North America where it is best positioned to achieve its revenue growth and profit margin targets.
The closing of the transaction is subject to obtaining required consents and customary closing conditions. The transaction is expected to be completed in the fourth quarter of 2023.
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Lennox Int'l Guides FY24 Adj. EPS In Line With Estimates; Q4 Results Top Estimates
While reporting financial results for the fourth quarter on Wednesday, Lennox International Inc. (LII) initiated its earnings and revenue growth guidance for the full-year 2024.
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Lennox Int'l Boosts FY23 Outlook As Q3 Results Top Estimates
While reporting financial results for the third quarter on Thursday, Lennox International Inc. (LII) raised its earnings and revenue growth guidance for the full-year 2023.
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Lennox To Sell European Commercial HVAC And Refrigeration Businesses To Syntagma Capital
Lennox International Inc. (LII), a leader in energy-efficient climate-control solutions, announced Thursday it has entered into an agreement to sell its Lyon, France-based European commercial HVAC and refrigeration businesses to funds managed by Syntagma Capital.
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Lennox Int'l Guides FY23 In Line With Estimates
Ahead of its 2022 Investor Day in New York City later on Wednesday, Lennox International Inc. (LII) initiated its 2023 financial guidance and long-term financial targets for 2026.
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Lennox Int'l Boosts FY22 Outlook; Q3 Adj. EPS Meets Estimates, Revenues Top
While reporting financial results for the third quarter on Thursday, Lennox International Inc. (LII) raised its earnings and revenue growth guidance for the full-year 2022.
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Lennox Int'l Boosts FY22 Outlook As Q2 Results Top Estimates
While reporting financial results for the second quarter on Thursday, Lennox International Inc. (LII) raised its earnings and revenue growth guidance for the full-year 2022.
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Singapore Shares May Test Resistance At 3,900 Points
Ahead of Monday's holiday for Wesak Day, the Singapore stock market had bounced higher again, one day after ending the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just above the 3,875-point plateau and it's expected to open to the upside again on Tuesday.
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Malaysia Bourse Tipped To Return To The Upside
Ahead of Monday's holiday for Wesak Day, the Malaysia stock market had moved higher in two of three trading days since ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,545-point plateau and it's likely to see additional support again on Tuesday.
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