Lennox Int'l (LII) Tops Q2 EPS by 7c, Beats on Revenues; Increases FY17 EPS & Reveune Guidance
Get Alerts LII Hot Sheet
Revenue Growth %: 0.0%
Financial Fact:
Operational income from continuing operations: 156.9M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Lennox Int'l (NYSE: LII) reported Q2 EPS of $2.83, $0.07 better than the analyst estimate of $2.76. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion.
GUIDANCE:
Lennox Int'l sees FY2017 EPS of $7.55-$8.15, versus the consensus of $7.95.
FULL-YEAR OUTLOOKFor 2017, the company is raising the low end of guidance for revenue and adjusted EPS from continuing operations.
- Raising 2017 guidance for revenue growth from 3-7% to 4-7%; a minimal impact from foreign exchange is still expected.
- Narrowing guidance for GAAP EPS from continuing operations from $7.65-$8.25 to $7.73-$8.13.
- Raising the low end of adjusted EPS from continuing operations guidance from $7.55-$8.15 to $7.75-$8.15.
- Reiterating corporate expenses of approximately $85 million.
- Updating guidance for the 2017 effective tax rate from approximately 32% to a range of 31-32% on an adjusted basis for the full year.
- Reiterating capital expenditures of approximately $100 million.
- Reiterating guidance for a weighted average diluted share count of 42-43 million shares on a full-year basis, including plans for $250 million of stock repurchases in total for 2017.
For the second quarter, revenue was up 8% to a record $1.102 billion. Foreign exchange was neutral to revenue. GAAP operating income was a record $175 million, up 9%. GAAP earnings per share from continuing operations was a record $2.71, up 8%. On an adjusted basis, total segment profit increased 14% to a record $183 million, and total segment margin expanded 80 basis points to a record 16.6%. Adjusted EPS from continuing operations rose 12% to a record $2.83.
For earnings history and earnings-related data on Lennox Int'l (LII) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- L3Harris Technologies (LHX) Tops Q1 EPS by 15c; raises guidance
- COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!