Lennox International Inc. (NYSE:LII) Q1 2023 Earnings Conference Call April 27, 2023 9:30 AM ET
Company Participants
Chelsey Pulcheon - Investor Relations
Alok Maskara - Chief Executive Officer
Joe Reitmeier - Chief Financial Officer
Michael Quenzer - Vice President, Finance
Conference Call Participants
Joe O’Dea - Wells Fargo
Nicole DeBlase - Deutsche Bank
Tommy Moll - Stephens, Inc
Jeff Hammond - KeyBanc
Julian Mitchell - Barclays
Jeff Sprague - Vertical Research Partners
Josh Pokrzywinski - Morgan Stanley
Noah Kaye - Oppenheimer
Ryan Merkel - William Blair
Nigel Coe - Wolfe Research
Joe Ritche - Goldman Sachs
Brett Linzey - Mizuho
Steve Tusa - JPMorgan
Chirag Patel - Jefferies
Operator
Welcome to the Lennox First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to turn the conference over to Chelsey Pulcheon from Lennox Investor Relations team. Chelsey, please go ahead.
Chelsey Pulcheon
Thank you, Britney. Good morning, everyone and thank you for joining us for Lennox’s first quarter earnings results. I am here today with CEO, Alok Maskara; CFO, Joe Reitmeier, and VP of Finance, Michael Quenzer. Alok will discuss highlights for the quarter and Joe will take you through the company’s quarterly financial performance and our view on 2023 fiscal guidance. After that, we will have a Q&A session with Alok, Joe and Michael.
Turning to Slide 2, a reminder that during today’s call, we will be making certain forward-looking statements, which are subject to numerous risks and uncertainties as outlined on this page. Please refer to our SEC filings available on our website for additional details. All comparisons mentioned today are against the prior year period unless otherwise noted. Speakers may also refer to certain non-GAAP adjusted financial measures that management may consider to be relevant indicators of underlying business performance and trends.
A reconciliation of all GAAP to non-GAAP measures is included in today’s earnings press release, SEC filings and in the appendix of this presentation. The earnings release, today’s presentation slides and the webcast archived link for today’s call are available on our website at www.lennoxinternational.com.
Now, let me turn the call over to our CEO, Alok Maskara.
Alok Maskara
Thank you, Chelsey. Good morning and welcome everyone. Allow me to start by sharing my appreciation for all of our employees whose hard work has enabled us to deliver exceptional performance this quarter, including record quarterly earnings per share. We take great pride in our team’s effort to gain share, expand margin, and seamlessly transition our product portfolio to meet the new minimum energy efficiency regulations. This successful quarter reflects our company’s product leadership, strong direct customer relationships and advanced digital platforms. These factors will continue to fuel our share gain and margin expansion for the foreseeable future. I want to also take this opportunity to thank our dealers and customers for their loyalty to Lennox as we improve our service levels while delivering the best HVACR products and solutions in North America.