LENNOX INTERNATIONAL INC (LII) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Residential Heating & Cooling		2,776	2,362	2,291	2,225	2,140	2,001	1,867
Commercial Heating & Cooling		865	801	947	901	820	918	887
Refrigeration		554	472	569	758	880	723	713
Total revenues	4,718	4,194	3,634	3,807	3,884	3,840	3,642	3,467
Revenue growth [+]	12.5%	15.4%	-4.5%	-2.0%	1.2%	5.4%	5.0%	3.0%
Residential Heating & Cooling		17.5%	3.1%	3.0%	4.0%	7.0%	7.2%	7.5%
Commercial Heating & Cooling		8.0%	-15.5%	5.2%	9.9%	-10.7%	3.5%	1.0%
Refrigeration		17.4%	-17.1%	-25.0%	-13.8%	21.7%	1.3%	-5.2%
Cost of goods sold	3,434	3,006	2,594	2,727	2,773	2,714	2,565	2,520
Gross profit	1,285	1,188	1,040	1,080	1,111	1,125	1,077	947
Gross margin	27.2%	28.3%	28.6%	28.4%	28.6%	29.3%	29.6%	27.3%
Selling, general and administrative	627	599	556	586	608	638	621	581
Equity in earnings	5	-12	-16	-13	-12	18	18	13
Other operating expenses	0	-3	-5	-173	-21	-10	24	14
EBITDA [+]	741	665	562	738	590	581	508	429
EBITDA growth	11.5%	18.3%	-23.9%	25.1%	1.7%	14.4%	18.3%	11.9%
EBITDA margin	15.7%	15.8%	15.5%	19.4%	15.2%	15.1%	13.9%	12.4%
Depreciation	78	72	73	71	66	65	58	60
EBITA	663	592	489	667	524	516	450	369
EBITA margin	14.0%	14.1%	13.5%	17.5%	13.5%	13.4%	12.3%	10.6%
Amortization of intangibles								3
EBIT [+]	663	592	489	667	524	516	450	367
EBIT growth	11.9%	21.0%	-26.7%	27.2%	1.6%	14.8%	22.7%	13.5%
EBIT margin	14.0%	14.1%	13.5%	17.5%	13.5%	13.4%	12.3%	10.6%
Non-recurring items [+]	2	2	11	10	15	3	2	48
Asset impairment					12			45
Interest expense, net [+]	39	24	27	46	38	29	26	22
Interest expense	39	25	28	48	38	31	27	24
Interest income		1	1	1	1	2	1	2
Other income (expense), net	-7	-6	-6	-103	-5	-20	-19	-14
Pre-tax income	616	560	445	508	468	464	403	283
Income taxes	119	96	88	99	108	157	124	95
Tax rate	19.3%	17.2%	19.8%	19.5%	23.0%	33.8%	30.8%	33.8%
Earnings from continuing ops	14	464	357	409	360	307	279	187
Earnings from discontinued ops	497	0	0	0	0	0
Net income	14	464	356	409	359	306	278	187
Net margin	0.3%	11.1%	9.8%	10.7%	9.2%	8.0%	7.6%	5.4%

Basic EPS [+]	$389.92	$12.47	$9.32	$10.48	$8.87	$7.28	$6.42	$4.17
Growth	3026.1%	33.8%	-11.1%	18.1%	21.9%	13.4%	54.0%	-4.0%
Diluted EPS [+]	$388.83	$12.37	$9.25	$10.38	$8.77	$7.18	$6.33	$4.11
Growth	3042.5%	33.7%	-10.8%	18.4%	22.2%	13.3%	54.2%	-4.1%

Dividends per share [+]	$3,977.59	$3.53	$2.95	$2.83	$2.43	$1.96	$1.65	$1.38
Growth	112579.6%	19.7%	4.1%	16.6%	24.0%	18.8%	19.6%	21.1%

Shares outstanding (basic) [+]	0	37	38	39	41	42	43	45
Growth	-99.9%	-2.9%	-1.8%	-3.9%	-3.8%	-2.8%	-3.3%	-6.3%
Shares outstanding (diluted) [+]	0	38	39	39	41	43	44	46
Growth	-99.9%	-2.8%	-2.0%	-4.1%	-4.0%	-2.7%	-3.5%	-6.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.