DALLAS, TX — Lennox International held its first annual shareholder meeting as a public company on Friday, April 28.
“Would Dave Lennox recognize his company in the new millennium,” asked John Norris, chairman and ceo.
Clyde Wyant, chief financial officer, reviewed 1999 financial performance, noting segment revenue growth ranging from 16% to 38% and total company revenue growth of 30%. Earnings before interest and taxes were up nearly 49% for the year, and net income increased nearly 40% to a new record level for the company of more than $73 million.