Lennox International, Inc. (LII) Reports In-Line Q2 EPS; Narrows FY Guidance

Lennox International, Inc. (NYSE: LII) reported Q2 EPS of $1.51, in-line with the analyst estimate of $1.51. Revenue for the quarter came in at $961 million versus the consensus estimate of $993.44 million.

Lennox International, Inc. sees FY2014 EPS of $4.30-$4.50, versus prior guidance of $4.2-$4.6 and the consensus of $4.52.

"The company's record 12.3% total segment margin was driven by strong growth and margin expansion in both our Residential and Commercial businesses in the second quarter," said Chairman and CEO Todd Bluedorn. "Residential revenue was up 11% and segment margin expanded 220 basis points to a record 16.1%. Residential profit rose 28% to a record $85 million. Our Commercial business set second-quarter records for revenue, margin and profit. Led by high single-digit growth in North America, Commercial segment revenue grew 5% and margin expanded 110 basis points to 16.2%. Commercial profit rose 13%.

For earnings history and earnings-related data on Lennox International, Inc. (LII) click here.

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