Operating income in 2000 increased 2% to $159 million versus the previous year. Operating margins as a percent of sales decreased from 6.6% in 1999 to 4.9% in 2000, due to unfavorable summer weather and the process of integrating the company's retail and hearth products businesses. Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the full year was $242 million, up 13% from 1999.
Lennox reports 2000 earnings
March 22, 2001
DALLAS - Lennox International Inc. (NYSE: LII) announced its full-year 2000 and fourth quarter 2000 earnings. Sales for full-year 2000 increased 38% to a record $3.25 billion from $2.36 billion in 1999. Company-wide organic growth for 2000 was 3%, adjusted for currency differences and sales to company-owned dealers. Sales outside the U.S. and Canada accounted for 13% of total revenues.