Lennox International Inc. (NYSE:LII) Q4 2023 Earnings Call Transcript

Michael Quenzer : Yes. Just thinking about it. We have a factory that we’re going to start to staff with people. We’re going to get them trained. We’re not going to have very high productivity as we build units — and really, we won’t even start to get any absorption until kind of mid- to late Q2. You have all of those ramp-up costs there. And then even in the second half, a portion of the $10 million will be lower efficiency, we will start to get some units out, but it won’t be highly efficient. We won’t be running at full efficiency until mid-2025. So it’s probably going to be more to the front half, and it gets better as you get into the second half of that $10 million.

Gautam Khanna : Got it. But in aggregate for the year, it’s $10 million.

Michael Quenzer : Correct.

Gautam Khanna : With the front end, I appreciate it.

Operator: Thank you for joining us today. Since there are no further questions, this will conclude Lennox’s fourth quarter conference call. You may disconnect your lines at this time.