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Lennox International, Inc.
2100 Lake Park Blvd., Richardson, TX 75080 * (972) 497-5000
Business Description The company is a leading global provider of climate control solutions. The company designs, manufactures and markets a broad range of products for the heating, ventilation, air conditioning and refrigeration markets.
Offering
Information

Company has
gone public

Trading As  LII (NYSE) Industry  Manufacturing (SIC 3585)
Type of Stock Offered  Common Shares Filing Date  04/06/1999
Domestic Shares Offered  8,500,000 Offer Date  07/28/1999
Foreign Shares Offered  0 Filing Range  $17.00 - $20.00
Company Shares  8,088,490 Offer Price  $18.75
Selling Shrhldrs Shares  411,510 Gross Spread  $1.265
Gross Proceeds  $159,375,000 Selling  $0.760
Expenses  - - Reallowance  $0.100
Post-IPO Shares  44,660,700 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Morgan Stanley Dean Witter Lead Manager (212) 761-5900
CS First Boston Co-manager (212) 325-2000
Warburg Dillon Read LLC Co-manager (203) 719-3000
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data     12/31/1996 12/31/1997 12/31/1998    
Revenues   - - 1,364.546 1,444.442 1,821.836 - -
Income from Oper.   - - 100.588 -35.239 106.603 - -
Net Income   - - 54.726 -33.550 52.525 - -
E.P.S   - - - - - - -
Revenue Growth (%)      - - 5.86 26.127   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - 7.37 - 5.85 - -
Net Profit Margin (%)    - - 4.01 - 2.88 - -
Cash Flow - Oper.     4.96 - -
Cash Flow - Inv.     -212.42 - -
Cash Flow - Fin.     89.55 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/1998 Financial Ratios
Total Assets    1,152.95 Current Assets    695.54 Current Ratio    1.61
Total Liab.    776.51 Current Liab.    432.25 Debt Ratio    67.35%
Total Equity    376.44 Working Cap.    263.29 Debt to Equity Ratio    2.06
Cash    28.39    Return on Assets   4.56%
Use Of
Proceeds
The proceeds from the proposed offering will be used to repay amounts borrowed under the revolving credit facility and term credit agreement, to fund the purchase of additional dealers and for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Baker & Botts
Bank's Law Firm  Fulbright & Jaworski
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Arthur Andersen
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Last updated: 04/25/2000 11:49:21 PM
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