Service Experts Announces Revenue Decrease For 3Q
December 1, 2004
Lennox International's Service Experts segment announced a 7 percent decrease in revenue for the third quarter of 2004, for a total of $151 million. Unfavorable weather influenced sales and contributed to a shift in the segment's revenue mix in favor of less profitable maintenance business, the company said.
Of the 48 centers that the company marked for divestiture (the 47 originally identified, plus one branch of an ongoing center), 30 had been sold by the end of the quarter.