DALLAS — Lennox Intl. Inc. reported fourth-quarter and full-year 2018 results. All comparisons are to the prior-year period. The company's tornado references relate to the July 2018 tornado damage at a residential manufacturing facility in Iowa. Adjusted revenue and profit exclude the non-core refrigeration businesses divested in 2018 for Australia, Asia, and South America. In 2019, the company plans to divest its Kysor Warren business within its refrigeration segment and is currently targeting to close the sale in the first quarter.
For the fourth quarter, generally accepted accounting principles (GAAP) and adjusted revenue was $844 million. GAAP revenue was down 5 percent, including the impact from divestitures and the tornado. At constant currency, GAAP revenue was down 4 percent. GAAP operating income was a fourth-quarter record $116 million, up 12 percent. GAAP earnings per share from continuing operations was a fourth-quarter record $1.86, up 82 percent.